Showing 1 - 10 of 429
This paper develops a general equilibrium life-cycle model with endogenous retirement and disability risk, in order to quantify the impact of recent pension reforms in Germany. At certain ages households may either apply for disability pensions (DP) or old-age pensions (OAP), de-pending on...
Persistent link: https://www.econbiz.de/10014264162
makes the consequences of unemployment less severe. We evaluate a two-part policy reform in Belgium to study whether … conditioning the prospective entitlement to unemployment benefits for education-leavers on age or schooling attainment can affect … educational achievements. The results show that the prospect of financial loss in case of unemployment can significantly raise …
Persistent link: https://www.econbiz.de/10014080047
unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … prospects interacts with aggregate conditions to drive fluctuations of aggregate unemployment and its duration distribution …
Persistent link: https://www.econbiz.de/10012833736
This paper studies how the potential duration of unemployment benefits affects individuals' job search behavior and re …-employment outcomes. We exploit an unexpected reform of the German unemployment insurance scheme in 2008, which increased the potential … benefit duration from 12 to 15 months for recipients of age 50 to 54. Based on detailed survey data and difference …
Persistent link: https://www.econbiz.de/10012837674
We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a …. Finding liquidity constraints in Norway, despite its equitable wealth distribution and generous welfare state, means they are …
Persistent link: https://www.econbiz.de/10010283587
This paper studies a program that extends the maximum duration of unemployment benefits from 30 weeks to 209 weeks … regions to identify the effect of extended benefits on unemployment duration. Results indicate that the duration of job search … is prolonged by at least .09 weeks per additional week of benefits among men, whereas unemployment duration increases by …
Persistent link: https://www.econbiz.de/10010263951
negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …
Persistent link: https://www.econbiz.de/10010291522
We attempt to formulate and explain two types of self-fulfilling prophecy, called the Pygmalion effect (if a supervisor thinks her subordinates will succeed, they are more likely to succeed) and the Galatea effect (if a person thinks he will succeed, he is more likely to succeed). To this...
Persistent link: https://www.econbiz.de/10010261169
A worker's utility may increase in his own income, but envy can make his utility decline with his employer's income. Such behavior may call for high-powered incentives, so that increased effort by the worker little increases the income of his employer. This paper uses a principalagent model to...
Persistent link: https://www.econbiz.de/10010261264
The paper discusses a number of threats to the financial sustainability of social spending: increased internationalization of national economies, gradually higher relative costs of producing a number of human services, the ?graying? of the population, slower productivity growth in the private...
Persistent link: https://www.econbiz.de/10010261370