Showing 1 - 10 of 248
We analyse the effects of retirement of one partner on home production by both partners in a couple. Using longitudinal data from Germany on couples, we control for fixed household specific effects to address the concern that retirement decisions are correlated with unobserved characteristics...
Persistent link: https://www.econbiz.de/10013016335
aging on public investment. Moreover, the estimation of an error correction model reveals long-run Granger causality running … exclusively from aging to investment. Our results are robust to the inclusion of additional control variables typically considered …
Persistent link: https://www.econbiz.de/10010519083
Persistent link: https://www.econbiz.de/10011717235
Models with high dimensional sets of fixed effects are frequently used to examine, among others, linked employer-employee data, student outcomes and migration. Estimating these models is computationally difficult, so simplifying assumptions that are likely to cause bias are often invoked to make...
Persistent link: https://www.econbiz.de/10012966061
In contrast to previous results combining all ages we find positive effects of comparison income on happiness for the under 45s, and negative effects for those over 45. In the BHPS these coefficients are several times the magnitude of own income effects. In GSOEP they cancel to give no effect of...
Persistent link: https://www.econbiz.de/10013080131
This paper extends the traditional focus of active labor market policy evaluation from a static comparison of participation in a program versus nonparticipation (or participation in another program) to the evaluation of the effects of program sequences, i.e. multiple participation or timing of...
Persistent link: https://www.econbiz.de/10012747581
We study the causal relation between private wealth and retirement age. We propose two estimation strategies based on expected retirement age. The outcome variable is observed repeatedly over time. We correct first for the unobserved heterogeneity in the disutility of work by using panel data...
Persistent link: https://www.econbiz.de/10013135647
In labor markets with worker and firm heterogeneity, the matching between firms and workers may be assortative, meaning … relate this to the skill distribution of workers in the firm. We find that there is positive assortative matching, in …
Persistent link: https://www.econbiz.de/10013316806
Will an aging population lower economic growth? Economists are generally concerned that the increase in life expectancy … per worker. However, we also find evidence that an aging population reduces spending on children (or other productive … investments) placing a drag on growth. These results suggest it is the institutional response to population aging that will …
Persistent link: https://www.econbiz.de/10012863794
We study differences in life-cycle labor supply among white, black, and Hispanic women, focusing on the interaction between race/ethnicity, education, and fertility. We use panel data that capture women's labor market and fertility histories and an econometric model that accounts for the...
Persistent link: https://www.econbiz.de/10013092878