Showing 1 - 10 of 158
The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10013099761
We investigate one possible explanation for observed rates of corrupt behavior namely that individual decision makers who frequently engage in illegal actions may underestimate the overall probability of being caught. This might in particular be true for petty corruption where small amounts of...
Persistent link: https://www.econbiz.de/10013081828
We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...
Persistent link: https://www.econbiz.de/10013089008
We link causally the riskiness of men's management of their finances with the probability of their experiencing a divorce. Our point of departure is that when comparing single men to married men, the former manage their finances in a more aggressive (that is, riskier) manner. Assuming that...
Persistent link: https://www.econbiz.de/10012864857
The 1973 Raising of the School Leaving Age in England and Wales has been used to identify returns to years' schooling. However, the reform affected the proportion with qualifications, as well as schooling length. To shed light on whether the returns reflect extra schooling or qualifications, we...
Persistent link: https://www.econbiz.de/10013129083
Standard job search theory assumes that unemployed individuals have perfect information about the effect of their search effort on the job offer arrival rate. In this paper, we present an alternative model which assumes instead that each individual has a subjective belief about the impact of his...
Persistent link: https://www.econbiz.de/10013133903
This paper estimates the impact of training incidence and duration on employment transitions accounting for the … endogeneity of program participation and duration. We specify a very flexible bivariate random effects probit model for employment …
Persistent link: https://www.econbiz.de/10013136712
involves conditioning elapsed duration on completed unemployment duration in the reservation wage equation. Our analysis … confirms that the use of elapsed duration alone compounds two separate and opposing influences. Only with the inclusion of … completed duration is the negative effect of continued joblessness on reservation wages apparent. For its part, the completed …
Persistent link: https://www.econbiz.de/10013139949
This paper analyzes the role of the period length in a search model of the labor market and argues that it has profound implications for the market equilibrium. In the model, job offers and job destruction shocks arrive according to a Poisson process in continuous time, but institutional factors...
Persistent link: https://www.econbiz.de/10013119736
This paper includes a survival analysis which attempts to explain the duration, as in the number of years a worker …
Persistent link: https://www.econbiz.de/10013120148