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of consumption insurance against shocks to male and female wages, as estimated empirically by Blundell, Pistaferri and … consumption, compared to the empirical estimates of 32% and 19%. Most of the consumption insurance against permanent male wage …-household income insurance mechanism strongly biases upward the welfare losses from idiosyncratic wage risk as well as the desired …
Persistent link: https://www.econbiz.de/10012480409
Using a model with constant relative risk-aversion preferences, endogenous labor supply and partial insurance against … cost associated with missing insurance markets. On the other hand, greater wage dispersion presents opportunities to raise … second moments of the joint distribution over individual wages, consumption and hours …
Persistent link: https://www.econbiz.de/10012464971
We study two interventions for underemployed youth across five Ethiopian sites: a $300 grant to spur self-employment …, and a job offer to an industrial firm. Despite significant impacts on occupational choice, income, and health in the first … health found after one year also appear to be temporary. These results suggest that one-time and one …
Persistent link: https://www.econbiz.de/10012479738
We investigate two-way causality between health and the hourly wage by employing insights from the human capital and … estimation methods in this investigation. We uncover a causal relationship between two of five measures of health and the wage in … which a reduction in health leads to an increase in the wage rate but find no evidence of a causal relationship running from …
Persistent link: https://www.econbiz.de/10012480915
demonstrate their economic value. In this paper, we examine one element of that value, the effect of oral health on labor market … discrimination are the likely driving factors whereby oral health affects earnings …
Persistent link: https://www.econbiz.de/10012464768
, there is limited evidence on the consequences of child labor on socio-economic outcomes such as education, wages, and health … worked as children. We find no significant effects on health. Over a longer horizon, we estimate that from age 30 onward the …
Persistent link: https://www.econbiz.de/10012467708
In this paper, we investigate the complex interrelationships among worktime, wages and health identified in the … Grossman model of the demand for health. We specify a 3-equation simultaneous model designed to capture the tune dependent … relationship between worktime and health found in other studies disappears when the relevant simultaneities are accounted for. Our …
Persistent link: https://www.econbiz.de/10012476028
different levels of schooling on health, health-related behaviors, and labor market outcomes. We develop an approach that is a … shaping educational choices and labor market and health outcomes. We improve on LATE by identifying the groups affected by …
Persistent link: https://www.econbiz.de/10012458693
, unemployment, incarceration, health, and so on. This chapter contains three themes. First, relative to the 20th century, the …
Persistent link: https://www.econbiz.de/10012462399
Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial...
Persistent link: https://www.econbiz.de/10012463385