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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
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
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
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
the one hand, wages are lowered and unemployment decreases, on the other hand, the individual labour supply decision is …
Persistent link: https://www.econbiz.de/10003888037
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
, it reduces unemployment by exerting downward pressure on wages. This trade-off is quantitatively assessed using a …
Persistent link: https://www.econbiz.de/10003969884
In this paper we estimate the effects of an unconditional basic income on labor supply and income distribution with a special focus on the incentives to work in the family context. An unconditional basic income guarantees every citizen a minimum income without any means-testing. We simulate a...
Persistent link: https://www.econbiz.de/10008702213
This paper examines to what extent marital sorting affects cross-sectional earnings inequality in Germany over the past three decades, while explicitly taking into account labor supply choices. Using rich micro data, the observed distribution of couples' earnings is compared to a counterfactual...
Persistent link: https://www.econbiz.de/10011300737