Showing 1 - 10 of 41
Does attracting or losing jobs in high paying sectors have important spill-over effects on wages in other sectors? The … relationship between changes in industry-specific city-level wages and changes in industrial composition. Our finding is that the … very substantial and persistent. Our point estimates indicate that the total effect on average wages of a change in …
Persistent link: https://www.econbiz.de/10012465649
This paper investigates how shocks to expected cash flows influence CEO incentive compensation. Exploiting changes in compliance with environmental regulations as shocks to expected future cash flows, we find that adverse shocks typically prompt corporate boards to recalibrate CEO compensation...
Persistent link: https://www.econbiz.de/10014486193
This paper presents the results of a computer simulation of the expected present value of benefits, taxes, and transfers, rates of return, and marginal linkage of benefits and taxes for persons of different income levels and family status. A number of important issues associated with the "deal"...
Persistent link: https://www.econbiz.de/10012476952
included robust responses including expansions to unemployment insurance (expansions in eligibility and $600 per week …The COVID-19 crisis has led to spiking unemployment rates with disproportionate impacts on low-income families. School …
Persistent link: https://www.econbiz.de/10012481099
We use novel, large-scale data on 43 million Americans from the 2000 Census and the 2001 to 2013 American Communities Survey linked to the Social Security Administration's NUMIDENT to study how a policy-driven increase in economic resources for families affects children's long-term outcomes....
Persistent link: https://www.econbiz.de/10012481899
We develop a rational expectations framework to study the consequences of alternative means to resolve the "unfunded liabilities'' problem---unsustainable exponential growth in federal Social Security, Medicare, and Medicaid spending with no plan to finance it. Resolution requires specifying a...
Persistent link: https://www.econbiz.de/10012462870
Government policies that are based on age do not adjust to the fact that a given age is associated with a higher remaining life expectancy and lower mortality risk relative to earlier time periods due to improvements in mortality. We examine four possible methods for adjusting the eligibility...
Persistent link: https://www.econbiz.de/10012464411
though this is mainly due to social insurance; on average, social assistance adds only 1.5 cents per day to the floor …
Persistent link: https://www.econbiz.de/10012453055
The past 25 years has seen substantial change in the social safety nets for families with children in the US and Canada. Both countries have moved away from cash welfare but the US has done so relying more exclusively on inwork benefits with work requirements. This paper examines this evolution...
Persistent link: https://www.econbiz.de/10012455301
does a conventional cash transfer policy. We also explore the prospects for using subsidized index insurance as a way to … implement SWCTs and find that an insurance-based hybrid policy can result in lower total public expenditures than a conventional …
Persistent link: https://www.econbiz.de/10012455966