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Longevity, life-cycle behavior and pension reform
Haan, Peter; Prowse, Victoria - Volkswirtschaftliche Fakultät, … - 2012
How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we use micro data to estimate a structural life-cycle model of individuals' employment, retirement and consumption decisions....
Persistent link: https://www.econbiz.de/10011112153
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A Mechanism of Cyclical Volatility in the Vacancy-Unemployment Ratio: What Is the Source of Rigidity?
Harashima, Taiji - Volkswirtschaftliche Fakultät, … - 2011
in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …
Persistent link: https://www.econbiz.de/10009228915
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The importance of precautionary saving motive among Indonesian households
Jalil, Abdul; Zafarullah, Ahmad - Volkswirtschaftliche Fakultät, … - 2009
precautionary saving associated with income risk in Indonesia. The results of the estimation show that the uncertainty variable is …
Persistent link: https://www.econbiz.de/10008645082
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Endogenous growth in a model with heterogeneous agents and voting on public goods
Borissov, Kirill; Surkov, Alexander - Volkswirtschaftliche Fakultät, … - 2010
We consider a Barro-type endogenous growth model in which the government’s purchases of goods and services enter into the production function. The provision of government services is financed by flat-rate (linear) income or lump-sum taxes. It is assumed that individuals differing in their...
Persistent link: https://www.econbiz.de/10008764721
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The single-mindedness of labor unions when transfers are not Lump-Sum
canegrati, emanuele - Volkswirtschaftliche Fakultät, … - 2007
In this paper I analyse a labour market where the wage is endogenously determined according to an Efficient Bargaining process between a firm and a labour union whose members are partitioned into two social groups: the old and the young. Furthermore, I exploit the Single-Mindedness theory, which...
Persistent link: https://www.econbiz.de/10005789327
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Die Arbeitslosenversicherung in Deutschland – Beitrag zur Bekämpfung oder Ursache von Arbeitslosigkeit
Breiding, Torsten - Volkswirtschaftliche Fakultät, … - 2006
Abstract German (English abstract is added below) Arbeitslosigkeit gilt als eines der schwerwiegendsten … Arbeitslosigkeit, für die anhaltende Beschäftigungskrise vor? Und in welchem Umfang hat das deutsche Sozial- und Wohlfahrtssystem zu … die Aufgabe einer Arbeitslosenversicherung die soziale Absicherung im Falle einer möglichen, temporären Arbeitslosigkeit …
Persistent link: https://www.econbiz.de/10008622251
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Life-cycle consumption: can single agent models get it right?
Bick, Alexander; Choi, Sekyu - Volkswirtschaftliche Fakultät, … - 2011
In the quantitative macroeconomics literature, single agent models are widely used to explain ``per-adult equivalent'' data, which are obtained at the household level. In this paper we suggest a simple framework to understand the sources of bias when these models are used to make predictions for...
Persistent link: https://www.econbiz.de/10009147683
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Life-Cycle Consumption: Can Single Agent Models Get it Right?
Bick, Alexander; Choi, Sekyu - Volkswirtschaftliche Fakultät, … - 2011
In the quantitative macro literature, single agent models are heavily used to explain "per-adult equivalent" household data. In this paper, we study differences between consumption predictions from a single agent model and "adult equivalent" consumption predictions from a model where household...
Persistent link: https://www.econbiz.de/10008854394
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Revisiting the Effect of Household Size on Consumption Over the Life-Cycle
Bick, Alexander; Choi, Sekyu - Volkswirtschaftliche Fakultät, … - 2012
Although the link between household size and consumption has a strong empirical support, there is no consistent way in which demographics are dealt with in standard life-cycle models. We study the relationship between the predictions of the Single Agent model (the standard in the literature)...
Persistent link: https://www.econbiz.de/10011110390
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Work Incentives of Medicaid Beneficiaries and The Role of Asset Testing
Pashchenko, Svetlana; Porapakkarm, Ponpoje - Volkswirtschaftliche Fakultät, … - 2013
Having low income is one of the requirements for Medicaid eligibility. Given that earning ability is unobservable, once an individual with high labor income stops working it is impossible to distinguish him from those whose potential labor income is low. This can affect the ability of Medicaid...
Persistent link: https://www.econbiz.de/10011112679