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The vast literature on earnings inequality has so far largely ignored the role played by hours of work. This paper argues that in order to understand earnings dispersion we need to consider not only the dispersion of hourly wages but also inequality in hours worked as well as the correlation...
Persistent link: https://www.econbiz.de/10014240481
Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...
Persistent link: https://www.econbiz.de/10013233150
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 …
Persistent link: https://www.econbiz.de/10014264162
Public disability insurance (DI) programs in many countries face pressure to reduce their generosity in order to remain …
Persistent link: https://www.econbiz.de/10014244080
place of residence to analyze the effects of rush hours on the spatial allocation of employment and population, average … the periphery. Employment, however, becomes more agglomerated in high-density large cities. This adjustment implies an …
Persistent link: https://www.econbiz.de/10012872067
In the past decade, crowdworking on online labor market platforms has become the main source of income for a growing number of people worldwide. This development has led to increasing political and scientific interest in the wages that people can earn on such platforms. In this article, we...
Persistent link: https://www.econbiz.de/10013307208
Working time account is an organization tool that allows firms to smooth their demand for hours employed. Descriptive literature suggests that working time accounts are likely to reduce layoffs and inhibit increases in unemployment during recessions. In a model of optimal labour demand I show...
Persistent link: https://www.econbiz.de/10012859602
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
Persistent link: https://www.econbiz.de/10013222213
This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation and instead pay a lower subminimum wage rate. If...
Persistent link: https://www.econbiz.de/10010272316
Atkinson and Stiglitz (Journal of Public Economics 1976) show that when the government has access to non-linear income taxation and consumer preferences are separable between consumption and leisure, there is no need for differentiated commodity taxation. This paper examines the empirical...
Persistent link: https://www.econbiz.de/10010271453