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dominate high-unemployment equilibria. Mobility premia improve aggregate welfare but may increase unemployment. …
Persistent link: https://www.econbiz.de/10005791589
This study examines the extent to which the transition from university education to work is characterized by persistent … which firms are hiring increases. This suggests that persistence exists to aid firms in screening students when they come …
Persistent link: https://www.econbiz.de/10005662002
We present a simple theory of the quality of elected officials. Quality has (at least) two dimensions: competence and … lower than the market wages of high-quality citizens (competence), and/or because they reap higher returns from holding …
Persistent link: https://www.econbiz.de/10005136403
inequality of outcomes in a “snapshot.” Intergenerational mobility and “equality of opportunity”, so the argument goes, is what … matters for normative evaluation. In response to this counter, we ask what pattern of intergenerational mobility leads to … as identical prospects irrespective of starting position. We find that this is not necessarily the mobility pattern which …
Persistent link: https://www.econbiz.de/10011252615
contract interpretation, while US regional labour markets are characterized by high regional mobility, rendering insurance less …
Persistent link: https://www.econbiz.de/10005124289
implies absence of consumption mobility between any two time periods. This implication requires knowledge of the evolution of … appropriate non-parametric test and find substantial mobility of consumption even controlling for possible preference shifts and …
Persistent link: https://www.econbiz.de/10005124364
systems of increasing factor mobility. In particular, we expect the extent of redistribution (both intra- and … intergenerational) in national pension systems to decrease. The latter result should hold true even in the presence of mobility limited … of mobility: not only mobility at the beginning of the working life, but also mobility during the working career and …
Persistent link: https://www.econbiz.de/10005136425
In this paper, I analyse the development of inter-regional mobility in the Czech Republic during the transition from … transition, regional disparities in unemployment rates and earnings have increased. More importantly, labour mobility has little …
Persistent link: https://www.econbiz.de/10005136748
Migration is an investment: it involves fixed, unrecoverable costs and uncertain future returns. If migration can be postponed, the option value of doing so may have positive value. Migration may not occur for a range of individuals who would otherwise migrate on a net present value basis. This...
Persistent link: https://www.econbiz.de/10005067485
, and education. We then compare mobility trends over time for each population subgroup. Next, we relate the extent of …, INSEE, and builds a time series on various mobility indices for the first time. Using six mobility concepts, we chart wage … mobility trends for the working population and compare mobility rates in various population subgroups differentiated by gender …
Persistent link: https://www.econbiz.de/10005497808