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Asymmetries in Earnings, Employment and Wage Risk in Great Britain

Angelopoulos, Konstantinos - 2017

This paper examines the relationship between idiosyncratic risk in labour income and fluctuations in aggregate labour … BHPS sub-sample of Understanding Society for 2010-2014. We measure idiosyncratic risk in labour income by the relevant … idiosyncratic risk increases during contractions in the labour market. Furthermore, we find evidence of insurance, both at the …

Persistent link: https://www.econbiz.de/10012958452

What is the Best Environmental Policy? Taxes, Permits and Rules under Economic and Environmental Uncertainty

Angelopoulos, Konstantinos; Economides, George; … - 2021

We study the importance of uncertainty and public finance to the welfare ranking of three environmental policy instruments: pollution taxes, pollution permits and Kyoto-like numerical rules for emissions. The setup is the basic stochastic neoclassical growth model augmented with the assumptions...

Persistent link: https://www.econbiz.de/10013316232

Sharing Demographic Risk - Who is Afraid of the Baby Bust?

Ludwig, Alexander; Reiter, Michael - 2021

We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...

Persistent link: https://www.econbiz.de/10013316485