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Compensating wage differentials for schooling risk in Denmark

Diaz-Serrano, Luis; Hartog, Joop; Skyt Nielsen, Helena - 2003

Danish population to calculate different measures of earnings risk by education. Our long panel data set also allows us to … decompose shocks in earnings in a permanent and a transitory component. We test the role of the risks associated to both … components in wage compensation. We also experiment with new measures of earnings risk based on transitory intertemporal …

Persistent link: https://www.econbiz.de/10010261656

Income Volatility and Residential Mortgage Delinquency : Evidence from 12 EU Countries

Diaz-Serrano, Luis - 2004

We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher-income profiles if volatility in income is high enough. From this...

Persistent link: https://www.econbiz.de/10010262138

Happiness and the persistence of income shocks

Bayer, Christian; Juessen, Falko - 2012

We reassess the empirical effect of income and employment on self-reported well-being. Our analysis makes use of a novel two-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As suggested by the theory of incomplete markets, we...

Persistent link: https://www.econbiz.de/10010283993