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Optimal Policy and the Risk Properties of Human Capital Reconsidered

Anderberg, Dan - CESifo - 2008

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. Aset of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …

Persistent link: https://www.econbiz.de/10005766081

The Effect of Education on Marital Status and Partner Characteristics: Evidence from the UK

Anderberg, Dan; Zhu, Yu - CESifo - 2010

This paper uses a particular school exit rule previously in effect in England and Wales that allowed students born within the first five months of the academic year to leave school one term earlier than those born later in the year. Focusing on women, we show that those who were required to stay...

Persistent link: https://www.econbiz.de/10008572507

Education, Disappointment and Optimal Policy

Anderberg, Dan; Cerrone, Claudia - CESifo - 2014

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

Persistent link: https://www.econbiz.de/10011103402

Training and early Retirement

Raymond, Montizaan; Frank, Coervers; de, Grip Andries - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2007

In this paper we analyze how retirement behavior is affected by a worker’s firm-specific or general training history. Using US data from the National Longitudinal Survey of Older Men and controlling for the effects of technological change and workers’ retirement preferences, we find that...

Persistent link: https://www.econbiz.de/10011160609

The effects of pension rights and retirement age on training participation: Evidence from a natural experiment

Raymond, Montizaan; Frank, Cörvers; de, Grip Andries - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2009

This paper uses a natural experiment approach to identify the effects of an exogenouschange in future pension benefits on workers’ training participation. We use uniquematched survey and administrative data for male employees in the Dutch public sectorwho were born in 1949 or 1950. Only the...

Persistent link: https://www.econbiz.de/10011160642

Estimating the wage penalty for maternal leave

Bianca, Buligescu; de, Crombrugghe Denis; Gülcin, … - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2008

The focus of this paper is the size of the wage penalty due to maternal leave incurred by working mothers in Germany. Existing estimates suggest two-digit penalties of up to 30 percent, with very little rebound over time. We apply recent panel data methods designed to address problems of sample...

Persistent link: https://www.econbiz.de/10011165172

Shattered Dreams: The Effects of Changing the Pension System Late in the Game

de, Grip Andries; Maarten, Lindeboom; Raymond, Montizaan - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2009

This paper assesses the impact of a dramatic reform of the Dutch pension system on mental health, savings behavior and retirement expectations of workers nearing retirement age. The reform means that public sector workers born on January 1, 1950 or later face a substantial reduction in their...

Persistent link: https://www.econbiz.de/10011202143

Misery loves company: Exogenous shocks in retirement expectations and social comparison effects on subjective well-being

Raymond, Montizaan; Maarten, Vendrik - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2012

This study investigates the effects of social comparisons accompanying a substantialreform of the Dutch pension system on the job satisfaction of workers who are close toretirement. The reform implies that public sector workers born on January 1, 1950, orlater face a substantial reduction in...

Persistent link: https://www.econbiz.de/10011202151