Search Results - subject:"earnings risk"

Evidence on the insurance effect of marginal income taxes

Grant, Charles; Koulovatianos, Christos; Michaelides, … - 2008

Marginal income taxes may have an insurance effect by decreasing the effective fluctuations of after-tax individual income. By compressing the idiosyncratic component o personal income fluctuations, higher marginal taxes should be negatively correlated with the dispersion of consumption across...

Persistent link: https://www.econbiz.de/10010298389

Evidence on the insurance effect of marginal income taxes

Grant, Charles; Koulovatianos, Christos; Michaelides, … - Center for Financial Studies - 2008

Persistent link: https://www.econbiz.de/10010958517

Evidence on the Insurance Effect of Marginal Income Taxes

Grant, Charles; Koulovatianos, Christos; Michaelides, … - Center for Financial Studies - 2008

idiosyncratic risk and flnd that optimal tax rates are positive and sizeable. In any idiosyncratic earnings risk model where …-durable consumption and that this correlation is robust. JEL Classification: E21, H20, H31 Keywords: Undiversifiable Earnings … Risk, Consumption Insurance, Tax Distortions 1 Introduction Much analysis of household consumption focuses on the study …

Persistent link: https://www.econbiz.de/10005007624

Evidence on the Insurance Effect of Redistributive Taxation

Grant, Charles; Koulovatianos, Christos; Michaelides, … - Business School, University of Exeter - 2008

If households face uninsurable idiosyncratic earnings risk, theory predicts that redistributive tax and transfer …

Persistent link: https://www.econbiz.de/10008852484

Occupational sorting of school graduates : the role of economic preferences

Fouarge, Didier; Kriechel, Ben; Dohmen, Thomas - In: Journal of economic behavior & organization : JEBO 106 (2014), pp. 335-351

Persistent link: https://www.econbiz.de/10010499781

Cultural change, risk-taking behavior and implications for economic development

Klasing, Mariko - In: Journal of development economics 110 (2014), pp. 158-169

Persistent link: https://www.econbiz.de/10011293086

Occupational sorting of school graduates: The role of economic preferences

Fouarge, Didier; Kriechel, Ben; Dohmen, Thomas - In: Journal of Economic Behavior & Organization 106 (2014) C, pp. 335-351

We relate risk attitudes and patience of young graduates from high-school, college and university, measured around the time that they start their labor market career in a large representative survey, to the riskiness and timing of earnings in the occupations they choose to work in. We find a...

Persistent link: https://www.econbiz.de/10010930949

Cultural change, risk-taking behavior and implications for economic development

Klasing, Mariko J. - In: Journal of Development Economics 110 (2014) C, pp. 158-169

This research studies the dynamic interplay between the evolution of risk attitudes and the process of economic development. This is achieved by integrating an endogenous growth model with a cultural transmission mechanism that captures how parents shape the risk attitudes of their children in...

Persistent link: https://www.econbiz.de/10010931716

Earnings risk and demand for higher education: A cross-section test for Spain

Hartog, Joop; Díaz-Serrano, Luis - In: Journal of Applied Economics X (2007) May, pp. 1-28

pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and … to estimate individual response to earnings risk in deciding on attending university education, by measuring risk as the …

Persistent link: https://www.econbiz.de/10005624092

On the Persistence of Income Shocks over the Life Cycle: Evidence, Theory, and Implications

Karahan, Fatih; Ozkan, Serdar - In: Review of Economic Dynamics 16 (2013) 3, pp. 452-476

How does the persistence of earnings change over the life cycle? Do workers at different ages face the same variance of idiosyncratic earnings shocks? This paper proposes a novel specification for residual earnings that allows for an age profile in the persistence and variance of labor income...

Persistent link: https://www.econbiz.de/10011133629