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Job ladder and wealth dynamics in general equilibrium
Kaas, Leo; Lalé, Etienne; Siassi, Nawid - 2023
This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring sequential wage bargaining, endogenous search effort of employed and non-employed workers, and differences in match quality. The calibrated model offers a...
Persistent link: https://www.econbiz.de/10014443876
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Should unemployment insurance be asset-tested?
Koehne, Sebastian; Kuhn, Moritz - 2013
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state contingent transfers to agents most in need. On the...
Persistent link: https://www.econbiz.de/10009766145
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Estimating labor-supply elasticities with joint borrowing constraints of couples
Bredemeier, Christian; Gravert, Jan; Jüßen, Falko - 2016
Estimates of Frisch labor-supply elasticities are biased in the presence of borrowing constraints. We show that this estimation bias is less pronounced for secondary than for primary earners. The reason is that, in households with two earners and joint borrowing constraints, wage-rate...
Persistent link: https://www.econbiz.de/10011543948
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On the origins of socio-economic inequalities : evidence from twin families
Bingley, Paul; Cappellari, Lorenzo; Tatsiramos, Konstantinos - 2023
We propose a twin family model linking twins with their spouses and children to quantify the relative importance of genetic and environmental factors in explaining the variance of socio-economic outcomes. Using data from the Danish Twins Registry and population registers, we test and relax the...
Persistent link: https://www.econbiz.de/10014394210
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Inequality in an OLG economy with heterogeneous cohorts and pension systems
Tyrowicz, Joanna; Makarski, Krzysztof; Bielecki, Marcin - 2018
We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features … consumption inequality and wealth inequality. Second, a pension system reform from a defined benefit to a defined contribution … works to reinforce consumption inequality and reduce wealth inequality. Third, minimum pension benefits are able to …
Persistent link: https://www.econbiz.de/10011876189
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Dynastic home equity
Benetton, Matteo; Kudlyak, Marianna; Mondragon, John - 2022
-of-the-envelope calculation suggests that dynastic home equity increases housing wealth inequality among young adults by 20%. …
Persistent link: https://www.econbiz.de/10013286209
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Major streams in the economics of inequality: a qualitative and quantitative analysis of the literature since 1950s
Lima, Pedro Garrido da Costa; Teixeira, Pedro; Silva, … - 2021
Since the late twentieth century there has been a growing interest in academic and political circles on inequality. In … research about Inequality since the 1950s; (ii) the development of a new method of analysis that combines (ii-a) a quantitative …
Persistent link: https://www.econbiz.de/10012649090
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Inheritance and wealth inequality : evidence from population registers
Elinder, Mikael; Erixson, Oscar; Waldenström, Daniel - 2016
inheritances on wealth inequality. We find that inheritances reduce relative wealth inequality (e.g., the Gini coefficient falls by …
Persistent link: https://www.econbiz.de/10011455705
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Life cycle saving and dissaving revisited across three-tiered income groups : starting hypotheses, refinement through literature review, and ideas for empirical testing
Holzmann, Robert; Ayuso, Mercedes; Alaminos, Estefanía; … - 2019
The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is often at odd with this assumption giving rise to our...
Persistent link: https://www.econbiz.de/10012120686
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Buffer-stock saving and households' response to income shocks
Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2016
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information contained in the joint dynamics of income,...
Persistent link: https://www.econbiz.de/10011572286