Showing 61 - 70 of 626
endogenous achievement trait ("income"). Individuals with lower cognitive ability are predicted to invest more value on …
Persistent link: https://www.econbiz.de/10003962828
Persistent link: https://www.econbiz.de/10009153841
Incentives to invest in higher education are affected by both the direct wage effect of human capital investments and the indirect wage effect resulting from lower unemployment risks and shorter spells in unemployment associated with higher educated. We analyse the returns to education in...
Persistent link: https://www.econbiz.de/10009302705
"Measuring the gain in income from migration is complicated by non-random selection of migrants from the general … overcome this problem, providing an experimental measure of the income gains from migration. New Zealand allows a quota of … conducted by the authors in these two countries allows experimental estimates of the income gains from migration to be obtained …
Persistent link: https://www.econbiz.de/10010522155
This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual earnings auto-covariances into a permanent and a transitory component. We employ data on complete earnings life cycles for prime age men born 1935 through 1974 that covers earnings...
Persistent link: https://www.econbiz.de/10011316360
Persistent link: https://www.econbiz.de/10009411866
Persistent link: https://www.econbiz.de/10011438921
We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions …-cycle theory. For retirees we also find significant effects of the income reduction at retirement on housing. However, the effects …
Persistent link: https://www.econbiz.de/10011455042
The new open-economy macroeconomics seeks to provide an improved basis for monetary and exchange-rate policy through the construction of open-economy models that feature rational expectations, optimising agents, and slowly adjusting prices of goods. This paper promotes an alternative approach...
Persistent link: https://www.econbiz.de/10011518033
Persistent link: https://www.econbiz.de/10009671466