Showing 1 - 10 of 430
We investigate whether a cut in unemployment benefit payout periods affected older workers' labor market transitions … unemployed declined after the reform. These patterns suggest that the reform of unemployment benefits may be one of the reasons …
Persistent link: https://www.econbiz.de/10011929632
Labor markets are characterized by large heterogeneity in job stability. Some workers hold lifetime jobs, whereas others cycle repeatedly in and out of employment. This paper explores the economic consequences of such heterogeneity. Using Survey of Consumer Finances (SCF) data, we document a...
Persistent link: https://www.econbiz.de/10012316968
Persistent link: https://www.econbiz.de/10003624588
cycle labor supply, retirement timing, and savings. I develop a structural model in continuous time where the life-cycle of … a representative agent is divided into three distinct phases: pre-treatment, post-treatment, and retirement. Solutions … for consumption/savings, labor supply/leisure, and retirement timing are then obtained by solving the model as a salvage …
Persistent link: https://www.econbiz.de/10012495695
-monetary unemployment scarring for people who were unemployed for the first time in their life directly prior to retirement, but not for …Previous studies find that past unemployment reduces life satisfaction even after reemployment for non-monetary reasons … (unemployment scarring). It is not clear, however, whether this scarring is only caused by employment-related factors, such as …
Persistent link: https://www.econbiz.de/10010349860
dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …. -- longevity ; survival functions ; education ; work ; age of retirement ; annuities …
Persistent link: https://www.econbiz.de/10003883894
Persistent link: https://www.econbiz.de/10003674460
during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be … Netherlands. Key findings include the following. Adequate levels of retirement spending exceed 80 percent of working life spending … ; retirement saving ; cross-country survey studies …
Persistent link: https://www.econbiz.de/10003923525
why people borrow so much and why they wait so long to save for retirement. We reach a different set of conclusions. We … may borrow far less and start saving for retirement significantly earlier than exponential discounters. …
Persistent link: https://www.econbiz.de/10010479952
structure, and retirement. Our results reveal substantial heterogeneity on labor market effects and life decisions in response …
Persistent link: https://www.econbiz.de/10012745247