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Hours risk and wage risk : repercussions over the life-cycle
Jessen, Robin; König, Johannes - 2020
We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks we formulate a life-cycle model of consumption and labor supply. Both...
Persistent link: https://www.econbiz.de/10012160640
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The returns to cognitive abilities and personality traits in Germany
Heineck, Guido (contributor); Anger, Silke (contributor) - 2008
' wages only. Findings for personality traits are more heterogeneous. There however is a robust wage penalty for an external … ; reciprocity ; wages …
Persistent link: https://www.econbiz.de/10003779655
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Wage risk and portfolio choice : the role of correlated returns
König, Johannes; Longmuir, Maximilian - 2021
the residual variance of wages by one standard deviation implies a reduction of the financial portfolio share by 3 …
Persistent link: https://www.econbiz.de/10012623685