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A collective retirement model : identification and estimation in the presence of externalities

Michaud, Pierre-Carl (contributor); … - 2004 - [Elektronische Ressource]

We study the labor supply dynamics of elderly couples by means of a structural collective model. The model allows for general externalities with respect to spouses' leisure. Preferences and the intrahousehold bargaining process are identified by using panel data with couples and individuals who...

Persistent link: https://www.econbiz.de/10002352153

Unequal pay or unequal employment? : A cross-country analysis of gender gaps

Olivetti, Claudia (contributor); … - 2006

Gender wage and employment gaps are negatively correlated across countries. We argue that non-random selection of women …, if women who are employed tend to have relatively high-wage characteristics, low female employment rates may become …, all countries in which gender employment gaps are high. In particular, correction for employment selection explains more …

Persistent link: https://www.econbiz.de/10003332302

How did the elimination of the earnings test above the normal retirement age affect retirement expectations?

Michaud, Pierre-Carl (contributor); … - 2007

We look at the effect of the 2000 repeal of the earnings test above the normal retirement age (NRA) on retirement expectations of male workers in the Health and Retirement Study (HRS). Using administrative records on Social Security benefit entitlements linked to the HRS survey data, we can...

Persistent link: https://www.econbiz.de/10003609614

On the rise of health spending and longevity

Fonseca, Raquel; Michaud, Pierre-Carl; Galama, Titus; … - 2009

We use a calibrated stochastic life-cycle model of endogenous health spending, asset accumulation and retirement to investigate the causes behind the increase in health spending and life expectancy over the period 1965-2005. We estimate that technological change along with the increase in the...

Persistent link: https://www.econbiz.de/10003925549

Unobserved ability and the return to schooling

Belzil, Christian; Hansen, Jörgen - 2002

We estimate a structural dynamic programming model of schooling decisions with unobserved heterogeneity in school ability and market ability on a sample taken from the National Longitudinal Survey of Youth (NLSY). Both the instantaneous utility of attending school and the wage regression...

Persistent link: https://www.econbiz.de/10011411639

A structural analysis of the correlated random coefficient wage regression model

Belzil, Christian; Hansen, Jörgen - 2002

We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coefficient framework. The model allows for absolute and comparative advantages in the labor market and assumes that the population is composed of 8 unknown...

Persistent link: https://www.econbiz.de/10011411668

Earnings dispersion, risk aversion and eduation

Belzil, Christian; Hansen, Jörgen - 2002

experienced in labor market earnings through wage dispersion and employment rate dispersion. We find a low degree of relative risk … aversion (0.9282) and the estimates indicate that both wage and employment rate dispersions decrease significantly with …

Persistent link: https://www.econbiz.de/10011411833

On the specification of mincerian wage regressions with heterogeneity, non-linearity, non-separability, and heteroskedasticity

Belzil, Christian (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001982769

Health and wealth of elderly couples : causality tests using dynamic panel data models

Michaud, Pierre-Carl (contributor); … - 2004 - [Elektronische Ressource]

A positive relationship between socio-economic status (SES) and health, the so-called "health-wealth gradient", is repeatedly found in most industrialized countries with similar levels of health care technology and economic welfare. This study analyzes causality from health to wealth (health...

Persistent link: https://www.econbiz.de/10002422848

The promotion dynamics of American executives

Belzil, Christian (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001896343