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Unions, increasing returns and endogenous fluctuations
Modesto, Leonor; Lloyd-Braga, Teresa; Coimbra, Rui - 2000
We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local indeterminacy, bifurcations and endogenous fluctuations (deterministic and stochastic). We use an overlapping generations model with external increasing returns to scale, where...
Persistent link: https://www.econbiz.de/10011339688
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Skill-biased imports, skill acquisition, and migration
Fan, Jingting; Li, Lei - 2023
Imported capital goods, which embody skill-complementary technologies, can increase the supply of skills in developing countries. Focusing on China and using a shift-share design, we show that city-level capital goods import growth increases the local skill share and that both skill acquisition...
Persistent link: https://www.econbiz.de/10014290410
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Pensions, household saving, and welfare : a dynamic analysis
Blau, David - 2011
Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order to obtain a tractable empirical model: fixed retirement and pension claiming ages, no borrowing constraint, little or no uncertainty, and no institutional restrictions on...
Persistent link: https://www.econbiz.de/10009233017
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The welfare effects of time reallocation: evidence from Daylight Saving Time
Costa-Font, Joan; Fleche, Sarah; Pagan, Ricardo - 2021
Daylight Saving Time (DST) is currently implemented by more than seventy countries, yet we do not have a clear knowledge of how it affects individuals' welfare. Using a regression discontinuity design combined with a differences-in-differences approach, we find that the Spring DST causes a...
Persistent link: https://www.econbiz.de/10012592983
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Graying and staying on the job : the welfare implications of employment protection for older workers
Morris, Todd; Dostie, Benoît - 2023
on savings behavior, workplace injuries, and spousal retirement timing. …
Persistent link: https://www.econbiz.de/10014338675
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Savings for unemployment in good or bad times : options for developing countries
Robalino, David; Vodopivec, Milan; Bodor, Andras - 2009
The paper describes and evaluates unemployment insurance savings accounts (UISAs) - a relatively new and not well … management of short and long term savings (i.e., pension wealth) while avoiding unnecessary administrative costs. The paper … comparison to developed countries. -- Unemployment insurance ; unemployment insurance savings accounts ; unemployment …
Persistent link: https://www.econbiz.de/10003905775
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Paying to avoid recession : using reenlistment to estimate the cost of unemployment
Borgschulte, Mark; Martorell, Paco - 2016
This paper provides revealed-preference estimates of the monetary value of avoiding job search in a high-unemployment labor market by examining the behavior of military servicemembers deciding between reenlisting and exiting the military. We find that servicemembers would sacrifice 1.5-2% in...
Persistent link: https://www.econbiz.de/10011450439
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Labor market institutions and the cost of recessions
Krebs, Tom; Scheffel, Martin - 2016
This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incomplete-market model with search unemployment, skill depreciation during unemployment,...
Persistent link: https://www.econbiz.de/10011595828
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On the commitment needs of partially naive agents
Liu, Pan; Andersen, Torben M.; Bhattacharya, Joydeep - 2020
Time-inconsistent, present-biased agents may hold commitment assets hoping to keep their current and future present bias in check. Paternalistic governments, in an effort to help such people, routinely offer commitment machinery such as restrictions (or bans) on early withdrawals from...
Persistent link: https://www.econbiz.de/10012203129
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Machiavelli versus concave utility functions : should bads be spread out or concentrated?
Frijters, Paul; Krekel, Christian; Ulker, Aydogan - 2020
Is wellbeing higher if the same number of negative events is spread out rather than bunched in time? Should positive events be spread out or bunched? We answer these questions exploiting quarterly data on six positive and twelve negative life events in the Household, Income and Labour Dynamics...
Persistent link: https://www.econbiz.de/10012180363