Showing 1 - 10 of 166
idiosyncratic labor income risk. Ceteris paribus, an individual would prefer to marry a "hedge" (i.e., a spouse whose income is … to agents' income is early, then those who in fact married hedges (and for good reason) are the ones most likely to be … resolution of uncertainty to agents' income is predominantly later, then those who in fact marry hedges will in fact be less …
Persistent link: https://www.econbiz.de/10013320884
In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization. We divide old-age life into two periods with uncertain survival from the end of the first to the end of the second. We show that a rise in the survival rate causes different...
Persistent link: https://www.econbiz.de/10012759851
Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...
Persistent link: https://www.econbiz.de/10012775851
In this paper, we use a two-stage bargaining model to analyze the living arrangement of a disabled elderly parent and the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent can live in a nursing home, live alone in the...
Persistent link: https://www.econbiz.de/10012777689
the relationship between subject well-being and income observed within countries. Finally, examining the relationship … between changes in subjective well-being and income over time within countries we find economic growth associated with rising … happiness. Together these findings indicate a clear role for absolute income and a more limited role for relative income …
Persistent link: https://www.econbiz.de/10012756506
Demographic change will be one of the most challenging issues for industrialized economies in the decades to come. In this paper, we focus on the impact of demographic change on labour markets. By setting up a stylized model of a regional labour market, we are able to analyze the interaction of...
Persistent link: https://www.econbiz.de/10013316521
The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...
Persistent link: https://www.econbiz.de/10013318048
In this paper, we demonstrate how age-adjusted inequality measures can be used to evaluate whether changes in … inequality over time are due to changes in the age structure. To this end, we use administrative data on earnings for every male … Norwegian during 1967-2000. We find that the substantial rise in earnings inequality over the 1980s and into the early 1990s, is …
Persistent link: https://www.econbiz.de/10013316148
. In 1887 the mortality rates in Norway were similar to those of developing countries today. During the next 34 years …The Nordic countries have the lowest maternal and child mortality rates in the world. This has not always been the case …, Norwegian maternal mortality was halved and infant mortality fell by 40 percent. Investigating the relationship between health …
Persistent link: https://www.econbiz.de/10012926501
unimodal one, the evolution of the health distribution has preceded that of income, global inequality and poverty has decreased …, global inequality and poverty would be substantially underestimated if the dependence between the income and health …We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we …
Persistent link: https://www.econbiz.de/10005196304