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Optimal Retirement with Disability Pensions
Fehr, Hans; Fröhlich, Adrian - 2023
This paper develops a general equilibrium life-cycle model with endogenous retirement and disability risk, in order to … analysis focus on the increase in the normal retirement age (NRA) from age 65 to 67 (Reform 2007) and the recent increase in … early retirement benefits in the future …
Persistent link: https://www.econbiz.de/10014264162
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Labor Market Effects of COVID-19 in Sweden and its Neighbors : Evidence from Novel Administrative Data
Juranek, Steffen - 2020
'), Sweden decided for much lighter restrictions. Empirically, we use novel administrative data on weekly new unemployment and … furlough spells from all 56 regions of the Nordic countries to compare the labor market outcomes of Sweden with the ones of its … neighbors. Our evidence suggests that the labor markets of all countries were severely hit by the pandemic, although Sweden …
Persistent link: https://www.econbiz.de/10012825995
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The Econometrics and Economics of the Employment Effects of Minimum Wages : Getting from Known Unknowns to Known Knowns
Neumark, David - 2019
I discuss the econometrics and the economics of past research on the effects of minimum wages on employment in the United States. My intent is to try to identify key questions raised in the recent literature, and some from the earlier literature, which I think hold the most promise for...
Persistent link: https://www.econbiz.de/10012892198
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Labor Market Effects of a Minimum Wage : Evidence from Ecuadorian Monthly Administrative Data
Choi, Jaerim; Rivadeneyra, Ivan; Ramirez, Kenia - 2021
When Ecuador raised its monthly Unified Minimum Wage from $170 to $200 in 2008, it affected 35 percent of all private sector workers. We use this unexpected minimum wage hike under former president Rafael Correa to assess the labor market impacts of the minimum wage. We use an administrative...
Persistent link: https://www.econbiz.de/10013235105
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The Employment Effects of a Pandemic Wage Subsidy
Smart, Michael; Kronberg, Matthew; Lesica, Josip; … - 2023
We estimate the causal effects of a pandemic-era wage subsidy program in Canada on job losses and business closures. Our estimates use administrative microdata and a regression discontinuity strategy to estimate the effects of marginal changes in the wage subsidy rate. The estimated net wage...
Persistent link: https://www.econbiz.de/10014262746
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Trade with Nominal Rigidities : Understanding the Unemployment and Welfare Effects of the China Shock
Rodriguez-Clare, Andres; Ulate, Mauricio; Vasquez, Jose P. - 2022
We present a dynamic quantitative trade and migration model that incorporates downward nominal wage rigidities and show how this framework can generate changes in unemployment and labor participation that match those uncovered by the empirical literature studying the “China shock.” We find...
Persistent link: https://www.econbiz.de/10014244023
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Long-Term Effects of Hiring Subsidies for Unemployed Youths—Beware of Spillovers
Albanese, Andrea; Cockx, Bart; Dejemeppe, Muriel - 2022
We use (donut) regression discontinuity design and difference-in-differences estimators to estimate the impact of a one-shot hiring subsidy targeted at low-educated unemployed youths during the Great Recession recovery in Belgium. The subsidy increases job-finding in the private sector by 10...
Persistent link: https://www.econbiz.de/10014244086
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The Economic Effects of COVID-19 in Sweden : A Report on Income, Taxes, Distribution, and Government Support Policies
Angelov, Nikolay; Waldenström, Daniel - 2023
This report analyses the economic consequences of the coronavirus pandemic and support policies using underutilized data sources from the Swedish Tax Agency’s tax register, which provides real-time information on firm sales and employees’ wage income. Firms' sales, particularly in areas...
Persistent link: https://www.econbiz.de/10014346810
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Privatizing Disability Insurance
Seibold, Arthur; Seitz, Sebastian; Siegloch, Sebastian - 2022
Public disability insurance (DI) programs in many countries face pressure to reduce their generosity in order to remain sustainable. In this paper, we investigate the welfare effects of giving a larger role to private insurance markets in the face of public DI cuts. Exploiting a unique reform...
Persistent link: https://www.econbiz.de/10014244080
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Pension reform, retirement and life-cycle unemployment
Jaag, Christian; Keuschnigg, Christian; Keuschnigg, Mirela - 2007
The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime …
Persistent link: https://www.econbiz.de/10010264263