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measure ‘income’). This is the case even when estimating individual fixed effects of the differential returns to education for …/or whether we use instrumental variables to cope with the endogenous nature of education in income equations. Finally, we find …
Persistent link: https://www.econbiz.de/10010325994
We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the system is voluntary. Typically, the willingness of the young to participate depends on their belief about the future young's willingness to do so. We characterise equilibria with...
Persistent link: https://www.econbiz.de/10010325858
We explore voluntary participation in pension arrangements. Individuals only participate when participation is more attractive than autarky. The bene??it of participation is that risks can be shared with future generations. We apply our analysis to a pay-as-you-go system, a funded system without...
Persistent link: https://www.econbiz.de/10010326545
of schooling in developing economies raises enterprise income by an average of 5.5 percent, which is close to the average …
Persistent link: https://www.econbiz.de/10010324769
Persistent link: https://www.econbiz.de/10010325189
generates a higher income, but only for entrepreneurs: This finding supports Lazear's Jack-of-all-Trades theory. …
Persistent link: https://www.econbiz.de/10010325829
Ill-health can be expected to reduce employment and income. But are the effects sustained over time? Do they differ … across the income distribution? And are there spillover effects on the employment and income of the spouse? We use matching …, on employment and income up to six years after the health shock using linked Dutch hospital and tax register data. On …
Persistent link: https://www.econbiz.de/10010326384
It is well known that income and health are positively associated. Much less is known about the strength of this … by government transfers versus market transfers on changes in income-related health inequality (IRHI) in Europe. Using … European Union Survey of Income and Living Conditions (EU-SILC) panel data for 7 EU countries from 2004 to 2013, we decompose …
Persistent link: https://www.econbiz.de/10011932337