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Skill Premiums and the Supply of Young Workers in Germany
Glitz, Albrecht - 2017
In this paper, we study the development and underlying drivers of skill premiums in Germany between 1980 and 2008. We show that the significant increase in the medium to low skill wage premiums since the late 1980s was almost exclusively concentrated among the group of workers aged 30 or below....
Persistent link: https://www.econbiz.de/10012949376
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Flexicurity, Taxes and Job Reallocation
Davoine, Thomas; Keuschnigg, Christian - CESifo - 2015
) a wage subsidy to re-employed workers; (iii) unemployment insurance; (iv) moderate job protection; and (v) active labor …
Persistent link: https://www.econbiz.de/10011257670
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Educational and Wage Risk: Social Insurance vs. Quality of Education
Schindler, Dirk; Weigert, Benjamin - CESifo - 2008
In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...
Persistent link: https://www.econbiz.de/10005181339
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Optimal Income Taxation with Uncertain Earnings: A Synthesis
Boadway, Robin; Sato, Motohiro - CESifo - 2011
has both a redistributive role and an insurance role. A substantial literature on optimal redistribution in the absence of … uncertainty has evolved since Mirrlees’ original contribution. The literature on the income tax as a social insurance device is … characterize optimal marginal tax rates and interpret them in terms of redistribution, insurance and incentive effects. The case of …
Persistent link: https://www.econbiz.de/10009371357
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Ageing and Growth in the Small Open Economy
Heijdra, Ben J. - 2006
We construct an overlapping generations model for the small open economy which incorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...
Persistent link: https://www.econbiz.de/10012779815
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Longevity Shocks with Age-Dependent Productivity Growth
Heijdra, Ben J. - 2015
The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account. We build a model of a closed economy inhabited by...
Persistent link: https://www.econbiz.de/10013021702
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Inherited Wealth and Demographic Aging
Onder, Harun - 2016
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...
Persistent link: https://www.econbiz.de/10012985794
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Human Capital Accumulation and the Macroeconomy in an Ageing Society
Heijdra, Ben J.; Reijnders, Laurie S.M - 2021
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10013315819
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Retirement, Pensions, and Ageing
Heijdra, Ben J.; Romp, Ward E. - 2021
We study the effects of demographic shocks and changes in the pension system on the macroeconomic performance of an advanced small open economy. An overlapping-generations model is constructed which includes a realistic description of the mortality process. Individual agents choose their optimal...
Persistent link: https://www.econbiz.de/10013317087
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Human Capital Accumulation and the Macroeconomy in an Ageing Society
Heijdra, Ben J.; Reijnders, Laurie S. M. - CESifo - 2012
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10010877922