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-cycle insurance impact is much smaller. At the mean, a positive hours shock of one standard deviation raises life-time income by 10 …
Persistent link: https://www.econbiz.de/10012145855
would provide more insurance if based on lifetime instead of annual earnings. Requiring wealthy individuals to repay social … assistance received when younger would strengthen the insurance and redistributive functions of social assistance. …
Persistent link: https://www.econbiz.de/10012141894
If agents are exposed to continual competitive pressure, how does a short-term variation of the severity of the competition affect agents\' performance? In a real-effort laboratory experiment, we study a one-time increase in incentives in a sequence of equally incentivized contests. Our results...
Persistent link: https://www.econbiz.de/10011932925
In this paper we develop a dynamic structural life-cycle model of labor supply behavior which fully accounts for the effect of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven rationing risk that might prevent individuals from...
Persistent link: https://www.econbiz.de/10005859699
This paper analyzes the long-term effects of graduating in a recession on earnings, job mobility, and employer characteristics for a large sample of Canadian college graduates using matched university-employer-employee data from 1982 to 1999. The results are used to assess the role of job...
Persistent link: https://www.econbiz.de/10005859543
Wage expectations for full- and part-time employment are key for understanding the labor supply decisions of women. However, whether women expect different wages between part-time and full-time work is not fully understood. Using German survey data, I quantify the expected full-time/part-time...
Persistent link: https://www.econbiz.de/10012290030
The rational expectations assumption, e.g. in life-cycle models and portfolio-choice models, prescribes agents to have model-consistent beliefs and to avoid systematic prediction errors. In reality, justi cation and identification of expectations are nontrivial. One way to solve this problem is...
Persistent link: https://www.econbiz.de/10012290349
Wage growth occurs almost exclusively in full-time work, whereas it is close to zero in part-time work. German women, when asked to predict their own potential wage outcomes, show severely biased expectations with strong over-optimism about the returns to part-time experience. We estimate a...
Persistent link: https://www.econbiz.de/10014467802
We estimate the effect of early child development on maternal labor force participation using data from teacher assessments. Mothers might react to having a poorly developing child by dropping out of the formal labor force in order to spend more time with their child, or they could potentially...
Persistent link: https://www.econbiz.de/10005859606
to receive more up-to-date information about insurance in agriculture. Accordingly, we have tried to shed light on the … main aspects of insurance as one tool of risk management in agriculture. Thus, our purpose is to give the reader … information on principles and potential of insurance, its main problems and possible solutions. Additionally, this paper provides …
Persistent link: https://www.econbiz.de/10010299407