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-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated …
Persistent link: https://www.econbiz.de/10013107726
-Economic Panel (GSOEP) within individually perceived hazards of work accidents as a risk variable, evidence for compensating wage …
Persistent link: https://www.econbiz.de/10013321215
We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply … a life-cycle model with search frictions, we show that the estimated changes in risk can account for 85 percent of the … increase in within group wage inequality. The welfare costs of rising risk are small …
Persistent link: https://www.econbiz.de/10012966057
sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …
Persistent link: https://www.econbiz.de/10013099706
We investigate the impact of home ownership on individual job mobility and wages in Denmark. We find that home … local labour market. In addition, there is a clear negative effect of home ownership on the unemployment risk and a positive … impact on wages. These results are robust to different strategies for correcting for the possible endogeneity of the home …
Persistent link: https://www.econbiz.de/10013317608
How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and … and explore their effect on wages. First, the financial labor wedge reduces wages. Second, financial constraints may … interact with aggregate labor market conditions in various ways putting upward or downward pressure on wages. We test partial …
Persistent link: https://www.econbiz.de/10013314727
variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new … wages to reflect this. Formal analysis supports the intuition. We use the dispersion of exam grades within a field of … education as an indicator of the heterogeneity that employers face. We find solid evidence that starting wages are lower if the …
Persistent link: https://www.econbiz.de/10012775984
We investigate the economic effects of the COVID-19 pandemic and the role played by credit constraints in the transmission mechanism, using a novel survey of expectations and plans of Italian firms, taken just before and after the outbreak. Most firms revise downward their expectations for...
Persistent link: https://www.econbiz.de/10012824428
marginal value of being an entrepreneur as a function of wealth. Countries with high start-up costs such as Italy, Spain and …
Persistent link: https://www.econbiz.de/10013316960
Trusting behavior has been shown to affect households' portfolio choice between risky and risk-free financial assets …
Persistent link: https://www.econbiz.de/10013136779