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Using Dutch administrative data, we assess the work and earnings capacity of disability insurance (DI) recipients by … estimating employment and earnings responses to benefit cuts. Reassessment of DI entitlement under more stringent criteria … increased by 6.7 points and earnings rose by 18 percent. Recipients were able to increase earnings by e0.64 for each e1 of DI …
Persistent link: https://www.econbiz.de/10011807763
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011325967
This paper deals with the influence of cultural attitudes towards uncertainty on the level of businessownership across countries. First, the concepts of uncertainty and risk are elaborated, as well as theirrelevance for entrepreneurship. Second, cross-sectional regression analysis using data for...
Persistent link: https://www.econbiz.de/10011334327
later in life, and eventually declines, no matter how much one invests in it (a dismal fact of life). Lifetime earnings are …
Persistent link: https://www.econbiz.de/10010490079
We present a theory of human capital, with its two most essential components, health capital and, what we term, skill capital, endogenously determined within the model. Using the theory, and a calibrated version of it, we uncover and highlight an important economic mechanism driving...
Persistent link: https://www.econbiz.de/10013172987
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and empirical approaches have produced ambiguous results on sign and size of this relationship. Although there is a considerable part of the literature that considers inequality...
Persistent link: https://www.econbiz.de/10011349190
Persistent link: https://www.econbiz.de/10009720737
This paper studies the relationship between the change in the unemployment rate and output growth using an approach based on labor market flows. The framework shows why the Okun coefficient may be constant/time-varying and/or symmetric/asymmetric and that the outcome lies with the behavior of...
Persistent link: https://www.econbiz.de/10011940045
Persistent link: https://www.econbiz.de/10009722703
effects are substantially larger when the workers earnings capacity is fully restored. …
Persistent link: https://www.econbiz.de/10012404191