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What Linear Estimators Miss: Re-Examining the Effects of Family Income on Child Outcomes
Loken, Katrine V.; Mogstad, Magne; Wiswall, Matthew - Institute for the Study of Labor (IZA) - 2010
This paper uses a rich Norwegian dataset to re-examine the causal relationship between family income and child outcomes. Motivated by theoretical predictions and OLS results that suggest a nonlinear relationship, we depart from previous studies in allowing the marginal effects on children’s...
Persistent link: https://www.econbiz.de/10008568278
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Agreement Theory and Consensus
Candeal, Juan Carlos; Induráin, Esteban; Molina, José … - Institute for the Study of Labor (IZA) - 2011
In order to formalize the act of agreement between two individuals, the concept of consensus functional equation, for a bi-variate map defined on an abstract choice set, is introduced. Then, and in a purely choice-theoretical framework, we relate the solutions of this equation to the notion of a...
Persistent link: https://www.econbiz.de/10009416943
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Interpersonal Comparisons of Utility: An Algebraic Characterization of Projective Preorders and Some Welfare Consequences
Candeal, Juan Carlos; Induráin, Esteban; Molina, José … - Institute for the Study of Labor (IZA) - 2007
It is shown that any completely preordered topological real algebra admits a continuous utility representation which is an algebra-homomorphism (i.e., it is linear and multiplicative). As an application of this result, we provide an algebraic characterization of the projective (dictatorial)...
Persistent link: https://www.econbiz.de/10005822421
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Military Draft and Economic Growth in OECD Countries
Keller, Katarina; Poutvaara, Panu; Wagener, Andreas - Institute for the Study of Labor (IZA) - 2006
Economic theory predicts that military conscription is associated with static inefficiencies as well as with dynamic distortions of the accumulation of human and physical capital. Relative to an economy with an all-volunteer force, output levels and growth rates should be lower in countries that...
Persistent link: https://www.econbiz.de/10005822977
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Should Old-Age Benefits Be Earnings-Tested?
Määttänen, Niku; Poutvaara, Panu - Institute for the Study of Labor (IZA) - 2007
We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individuals’ expected lifetime utility, whenever other taxes are...
Persistent link: https://www.econbiz.de/10005763479
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Selective Reductions in Labor Taxation: Labor Market Adjustments and Macroeconomic Performance
Batyra, Anna; Sneessens, Henri R. - Institute for the Study of Labor (IZA) - 2010
, productivity and welfare effects of a tax cut, although tax cuts targeted on the least skilled workers always have larger effects. …
Persistent link: https://www.econbiz.de/10008550510
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Evaluating Labor Market Reforms: A General Equilibrium Approach
Alonso-Borrego, César; Fernández-Villaverde, Jesús; … - Institute for the Study of Labor (IZA) - 2004
unemployment, reduce output, and raise productivity. The welfare effects are ambiguous. …
Persistent link: https://www.econbiz.de/10005762388
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Demography, Capital Flows and Unemployment
Marchiori, Luca; Pierrard, Olivier; Sneessens, Henri R. - Institute for the Study of Labor (IZA) - 2011
This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....
Persistent link: https://www.econbiz.de/10009371176
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The Heterogeneous Effects of Workforce Diversity on Productivity, Wages and Profits
Garnero, Andrea; Rycx, Francois - Institute for the Study of Labor (IZA) - 2013
We estimate the impact of workforce diversity on productivity, wages and productivity-wage gaps (i.e. profits) using … econometric issues, show that educational (age) diversity is beneficial (harmful) for firm productivity and wages. The … industries. Overall, findings do not point to sizeable productivity-wage gaps except for age diversity. …
Persistent link: https://www.econbiz.de/10010990939
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Part-time Work, Wages and Productivity: Evidence from Belgian Matched Panel Data
Garnero, Andrea; Kampelmann, Stephan; Rycx, Francois - Institute for the Study of Labor (IZA) - 2013
between wage/productivity differentials and the firm's labor composition in terms of part-time and sex. Findings suggest that … lower wages for women, relatively higher productivity for part-timers). Interactions between gender and part-time suggest … that the positive productivity effect is driven by male part-timers working more than 25 hours, whereas the share of female …
Persistent link: https://www.econbiz.de/10010990941