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elasticities derived from microeconometric models can also be explained by modeling assumptions with respect to wages. Specifically … very sensitive to the treatment of wages. In particular, the often-made but highly restrictive independence assumption … between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests …
Persistent link: https://www.econbiz.de/10010366933
taken into account. We extend the neoclassical labor supply model in two directions. First, we allow for endogenous wages … differentials of part-time jobs, the model with endogenous wages predicts lower part-time employment than the standard neoclassical …
Persistent link: https://www.econbiz.de/10011442317
The standard labor-supply literature typically assumes that the labor supply response to wage increases is the same as that for equivalent wage decreases. However, evidence from the behavioral-economics literature suggests that people are loss averse and thus perceive losses differently than...
Persistent link: https://www.econbiz.de/10011418892
We ask whether a pay-as-you-go financed social security system is welfare improving in an economy with idiosyncratic productivity and aggregate business cycle risk. We show analytically that the whole welfare benefit from joint insurance against both risks is greater than the sum of benefits...
Persistent link: https://www.econbiz.de/10011816319
Benefit sanctions imposed on non-compliant welfare recipients are a new element in the German welfare system. In practice, the sanction policy and the application of sanctions vary considerably across the 439 welfare agencies. Based on combined administrative and survey data, these differences...
Persistent link: https://www.econbiz.de/10003902960
, it reduces unemployment by exerting downward pressure on wages. This trade-off is quantitatively assessed using a …
Persistent link: https://www.econbiz.de/10003969884
participation decision through different individual preferences from the indirect effects through wages. We can show that … index is therefore a suboptimal strategy. -- personality traits ; female labor supply ; wages …
Persistent link: https://www.econbiz.de/10003919076
Previous reviews of static labor supply estimations concentrate mainly on the evidence from the 1980s and 1990s, Anglo-Saxon countries and early generations of labor supply modeling. This paper provides a fresh characterization of steady-state labor supply elasticities for Western Europe and the...
Persistent link: https://www.econbiz.de/10010194452
Based on a structural model of fertility and female labour force supply with unobserved heterogeneity and state dependence, we evaluate the 2007 reform of parental leave benefits in Germany, which replaced a flat, means-tested benefit by a generous earnings-related transfer. The model predicts a...
Persistent link: https://www.econbiz.de/10010416349
We estimate a structural life-cycle model of fertility and female labour supply and use it to evaluate the effects of a number of key family policy measures based on data for Germany. Parental leave benefits, child benefits and subsidized childcare are found to have substantial fertility...
Persistent link: https://www.econbiz.de/10010416355