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Monetary policy in the presence of supply constraints : evidence from German firm-level data
Balleer, Almut; Nöller, Marvin - 2023
Using firm-level survey data from Germany, this paper asks how do supply constraints propagate monetary policy shocks? To answer this question, we first offer a general discussion on the measurement of supply constraints. We show that capacity utilization, a widely accepted measure of...
Persistent link: https://www.econbiz.de/10013540705
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Downtown curbside parking capacity
Arnott, Richard; Inci, Eren; Rowse, John G. - 2013
In downtown areas, what proportion of curbside should be allocated to parking? In contrast to most previous work on the economics of parking, this paper focuses on optimal curbside parking capacity in both first-best (where pricing is efficient) and second-best (where pricing is inefficient)...
Persistent link: https://www.econbiz.de/10009691666
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Deep dynamics
Gottfries, Nils; Mickelsson, Glenn; Stadin, Karolina - 2021
How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated impulse-response functions.A combination of...
Persistent link: https://www.econbiz.de/10012428917
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Social security incentives and human capital investment
Igel Lau, Morten; Poutvaara, Panu - 2001
While the effect of social security systems on retirement decisions has received much attention, the impact of these … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … contributions and benefits increase human capital investment and postpone retirement. …
Persistent link: https://www.econbiz.de/10011398074
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Bounded rationality and socially optimal limits on choice in a self-selection model
Sheshinski, Eytan - 2003
choice to a work-retirement decision model and show that the optimal provision of choice is positively related to the degree …
Persistent link: https://www.econbiz.de/10011505924
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Economic retirement age and lifelong learning : a theoretical model with heterogeneous labor, biased technical change and international sourcing
Gries, Thomas; Jungblut, Stefan; Krieger, Tim; Meyer, … - 2016
agenda. Due to endogenous human capital depreciation the effective retirement age is often below statutory retirement age … retirement. However, well designed education programs will keep more workers in highly productive activities at the end of their …
Persistent link: https://www.econbiz.de/10011580569
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Policy uncertainty and information flows : evidence from pension reform expectations
Ciani, Emanuele; Delavande, Adeline; Etheridge, Ben; … - 2019
Subjective expectations about future policy play an important role in individuals' welfare. We examine how workers' expectations about pension reform vary with proximity to reforms, information cost, and aggregate information acquisition. We construct a new pan-European dataset of reform...
Persistent link: https://www.econbiz.de/10012104108
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The social multiplier of pension reform
Oral, Emre; Rabaté, Simon; Seibold, Arthur - 2024
We study the influence of family members, neighbors and coworkers on retirement behavior. To estimate causal retirement …' retirement ages, and we use administrative data on the full Dutch population. We find large spillovers in couples, primarily due … to women reacting to their husband's retirement choices. Consistent with homophily in social interactions, the influence …
Persistent link: https://www.econbiz.de/10014496463
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Habit formation and labor supply
Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - 2008
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to "unretire", i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...
Persistent link: https://www.econbiz.de/10003730377
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Uncertain longevity and investment in education
Sheshinski, Eytan - 2009
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