Showing 1 - 10 of 10
This paper studies the impact of active labour market programs for institutionally distinct Indigenous populations in Canada using administrative data on the universe of participants in the Aboriginal Skills and Employment Training Strategy (ASETS). Within Indigenous population groups, we...
Persistent link: https://www.econbiz.de/10013334377
We develop and estimate a life-cycle consumption savings model in which observed genetic variation is allowed to affect wealth accumulation through several distinct channels. We focus on genetic markers that predict educational attainment, aggregated into a predictive index called a polygenic...
Persistent link: https://www.econbiz.de/10013362004
Fiscal policy in the U.S. and other countries renders intertemporal budgets non-differentiable, nonconvex, and discontinuous. Consequently, assessing work and saving responses to policy requires global optimization. This paper develops the Global Life-Cycle Optimizer (GLO), a stochastic...
Persistent link: https://www.econbiz.de/10014528375
Benchmark finance and macroeconomic models appear to deliver conflicting estimates of the natural rate and bond risk premia. This natural rate puzzle applies not only in the U.S. but across many advanced economies. We use a unified no-arbitrage macro- finance model with two trend factors to...
Persistent link: https://www.econbiz.de/10014421212
I review evidence on alternative labor market policies that could potentially improve economic self-sufficiency via mandating higher wages, subsidizing employment, or increasing productivity. The evidence indicates that the minimum wage is an ineffective policy to promote economic...
Persistent link: https://www.econbiz.de/10012463840
This paper makes three primary contributions. First, we demonstrate the usefulness of general equilibrium models as tools with which to draw policy implications for policies implemented in practice only as small-scale social experiments. Second, we illustrate the usefulness of social experiments...
Persistent link: https://www.econbiz.de/10012468410
We study the role of fairness concerns in the demand for redistribution through workfare. In the first part of the … diligent have a stronger preference for workfare programs. In the second part of the paper, we incorporate our empirical …
Persistent link: https://www.econbiz.de/10012455023
We summarize the estimates from over 200 recent studies of active labor market programs. We classify the estimates by type of program and participant group, and distinguish between three different post-program time horizons. Using regression models for the estimated program effect (for studies...
Persistent link: https://www.econbiz.de/10012457237
Evaluations of workfare programs in poor rural economies have typically ignored two features that policy makers stress … methods to incorporate both features, and shows that doing so can switch the policy ranking in favor of welfare over workfare … suggested by past methods, despite a more "poor-poor" incidence. A basic-income guarantee would dominate net workfare earnings …
Persistent link: https://www.econbiz.de/10012457627
Some existing welfare programs ("work-first") require participants to work in exchange for benefits. Others ("job search-first") emphasize private job-search and provide assistance in finding and retaining a durable employment. This paper studies the optimal design of welfare programs when (i)...
Persistent link: https://www.econbiz.de/10012459994