Showing 1 - 10 of 3,145
The paper analyzes the link between old-age income programs and economic outcomes in Belgium. We use a simulation methodology to construct an average pension generosity variable. Our regression analysis explores the link with distributional outcomes in income, consumption and more subjective...
Persistent link: https://www.econbiz.de/10010275028
Over the last three decades, average income for the bottom half of the US distribution increased by 8% while their average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in inequality and a continuous decrease in the aggregate...
Persistent link: https://www.econbiz.de/10010291404
Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … household wealth is crowded out by pensions? (2) Can linear regression analysis accurately estimate the magnitude of crowdout … when the assumptions used in the empirical analysis are invalid? (3) How valuable are pensions to households? Simulation …
Persistent link: https://www.econbiz.de/10010278632
changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …
Persistent link: https://www.econbiz.de/10010262612
This paper combines income and expenditure with time use data to provide a unique picture of the time paths of labour supplies, saving and full consumption for two-adult households over the life cycle. These data are used to test the life cycle model presented in the paper, at the core of which...
Persistent link: https://www.econbiz.de/10010261803
This paper proposes a new approach to identify the wage effects of training. The idea is to narrow down the comparison group by only taking into consideration the workers who wanted to participate in training but did not do so because of some random event. The point estimate of the return to...
Persistent link: https://www.econbiz.de/10010262707
Numerous studies have evaluated the effect of nutrition early in life on health much later in life by comparing individuals born during a famine to others. Nutritional intake is typically unobserved and endogenous, whereas famines arguably provide exogenous variation in the provision of...
Persistent link: https://www.econbiz.de/10010282369
This paper uses information from a panel of Dutch firms to investigate the labor productivity effects of performance related pay (PRP). We find that PRP increases labor productivity at the firm level with about 9% and employment with about 5%.
Persistent link: https://www.econbiz.de/10010276100
health insurance and pensions. Benefit bundling may increase informality and decrease welfare. Indeed, if some of the …
Persistent link: https://www.econbiz.de/10010282481
This study utilizes the heterogeneity of the fee abolition for West German secondary schools to identify its effect on enrollment and to obtain an estimate of the price elasticity of demand for education. The analysis is based on administrative school enrollment statistics as well as on...
Persistent link: https://www.econbiz.de/10010262043