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According to the standard principal-agent model, the optimal composition of pay should balance the provision of incentives with the individual demand for insurance. Do income taxes alter this balance? We show that the relative share of PRP on total pay is reduced by higher average taxes, and is...
Persistent link: https://www.econbiz.de/10003344612
Several commentators have argued that vocational education provides a smoother school to work transition than academic education. In the long - run, however, the skills it provides depreciate faster and individuals with this type of education are less capable of adapting to technical change....
Persistent link: https://www.econbiz.de/10011309043
The reduction of early school leaving to less than 10 percent of the relevant population by 2020 is a headline target in the Europe 2020 strategy and one of the five benchmarks of the strategic framework for European cooperation in education and training. Designing adequate policies to combat...
Persistent link: https://www.econbiz.de/10010224587
Persistent link: https://www.econbiz.de/10001948529
Pension reforms that raise minimum retirement age increase the pool of senior individuals aged 50+ who are not eligible to retire from the labour market. Using data from Italian provinces and regions and an instrumental variable strategy, we estimate the effects of local changes in the supply of...
Persistent link: https://www.econbiz.de/10011647457
Using matched employer-employee data for Italy and newly available information on sick leaves certificates, we study the effect of an exogenous increase in the length of the residual work horizon - triggered by a pension reform that increased minimum retirement age - on middle-aged employees'...
Persistent link: https://www.econbiz.de/10013499533
European Labour Force Survey to investigate empirically the relationship between product market regulation and training …
Persistent link: https://www.econbiz.de/10003583930