Showing 1 - 10 of 16
effects and correlated unobserved heterogeneity. We find evidence of a causal link from informal care to employment with … employment rates reduced by up to 6 percentage points. However, this effect is only found for co-residential carers who account … significantly smaller link from employment to care provision is found. A micro-simulation exercise using the model estimates suggest …
Persistent link: https://www.econbiz.de/10003292053
We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship. The model predicts that, with liquidity...
Persistent link: https://www.econbiz.de/10003609770
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
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
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
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
Persistent link: https://www.econbiz.de/10001982769
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
Persistent link: https://www.econbiz.de/10001896343
Persistent link: https://www.econbiz.de/10001877139