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We study optimal savings in continuous time with exogenous transitions between employment and unemployment as the only …
Persistent link: https://www.econbiz.de/10012892186
risk of workers, which mitigates their precautionary savings motive. Using a quantitative model analysis, we show that this …
Persistent link: https://www.econbiz.de/10014079142
This paper provides an overview of recent research on dual labour markets. Theoretical and empirical contributions on the labour-market effects of dual employment protection legislation are revisited, as well as factors behind its resilience and policies geared towards correcting its negative...
Persistent link: https://www.econbiz.de/10012018170
We combine exogenous variation in union membership with detailed administrative data and a novel field survey to estimate the career effects of labor union membership. In the survey, we show how workers perceive the role of unions in setting wages and determining work amenities. In the...
Persistent link: https://www.econbiz.de/10014377444
This paper provides an overview of recent research on dual labour markets. Theoretical and empirical contributions on the labour-market effects of dual employment protection legislation are revisited, as well as factors behind its resilience and policies geared towards correcting its negative...
Persistent link: https://www.econbiz.de/10012892106
We combine exogenous variation in union membership with detailed administrative data and a novel field survey to estimate the career effects of labor union membership. In the survey, we show how workers perceive the role of unions in setting wages and determining work amenities. In the...
Persistent link: https://www.econbiz.de/10014348052
income uncertainty. We focus on the implicit differential taxation of specific savings motives, the mandatory annuitization …
Persistent link: https://www.econbiz.de/10010264317
If individuals are unable or unwilling to borrow, a higher than desired second pillar pension capital may induce people to retire earlier than they would have in the absence of such a scheme. Individuals thus leave the workforce as soon as the retirement income is deemed sufficient and the...
Persistent link: https://www.econbiz.de/10010261184
The adequacy of retirement savings is central to the U.S. debate over the effects of Social Security reform and pension …
Persistent link: https://www.econbiz.de/10010261349
Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is scarce. This paper studies two natural experiments to identify the effects of tax incentives and bequest motives on life-insurance demand. An unanticipated tax reform in 2000...
Persistent link: https://www.econbiz.de/10010270489