Showing 1 - 8 of 8
We propose a novel method to find Nash equilibria in games with binary decision variables by including compensation … rather than marginal relaxations. The method endogenizes the trade-off between overall (societal) efficiency and compensation … the binary Nash game with compensation. We compare different implementations of actual market rules within our model, in …
Persistent link: https://www.econbiz.de/10011266601
We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...
Persistent link: https://www.econbiz.de/10011264826
In this paper we use a dynamic structural life-cycle model to analyze the employment, fiscal and welfare effects induced by unemployment insurance. The model features a detailed specification of the tax and transfer system, including unemployment insurance benefits which depend on an...
Persistent link: https://www.econbiz.de/10008519434
The German labor market reforms seem to be on the right track. However, they need to be adjusted especially on the organizational side to make them more effective. The labor market instruments can be concentrated on temporary company wage subsidies, training measures and financial incentives for...
Persistent link: https://www.econbiz.de/10005068762
compensation system on the duration of unemployment in Germany on the basis of a flexible discrete-time hazard rate model estimated … compensation on the duration of unemployment. Our simulation results show that the recent labour market reform is unlikely to have …
Persistent link: https://www.econbiz.de/10005068846
We use a life-cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...
Persistent link: https://www.econbiz.de/10010661267
We use a life-cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...
Persistent link: https://www.econbiz.de/10010818213
We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...
Persistent link: https://www.econbiz.de/10008583477