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We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross-section data and can allow for mixtures of...
Persistent link: https://www.econbiz.de/10013118049
This paper formulates a simple model of female labor force decisions which embeds an in-work benefit reform and explicitly allows for announcement and implementation effects. We explore several mechanisms through which women can respond to the announcement of a reform that increases in-work...
Persistent link: https://www.econbiz.de/10013119013
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for the dynamics of consumption, hours, and earnings...
Persistent link: https://www.econbiz.de/10013099401
We consider the impact of tax credits and income support programs on female education choice, employment, hours and …. We find important incentive effects on education choice and labor supply, with single mothers having the most elastic … especially for women with more than basic formal education. For those with lower education the welfare programs are shown to have …
Persistent link: https://www.econbiz.de/10013082137