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We investigate how early life circumstances - childhood health and socioeconomic status (SES) - are associated with labor market outcomes over an individualś entire life cycle. A life cycle approach provides insights not only into which labor market outcomes are associated with adverse...
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incur the shock but also for their family members. In particular, adult children may spend substantial time providing …
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Unexpected negative health shocks of a parent may reduce adult children's labour supply via informal caregiving and …
Persistent link: https://www.econbiz.de/10011848137
It is well known that income and health are positively associated. Much less is known about the strength of this … by government transfers versus market transfers on changes in income-related health inequality (IRHI) in Europe. Using … the European Union Survey of Income and Living Conditions (EU-SILC) panel data for 7 EU countries from 2004 to 2013, we …
Persistent link: https://www.econbiz.de/10011895704
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are generally non-negligible. They also differ rather widely for the various cohort/income groups. Our stochastic …
Persistent link: https://www.econbiz.de/10003883861
We study the inter- and intra-generational welfare consequences of alternative pension fund policies in response to unexpected demographic, financial, and macro-economic shocks. Our analysis is based on an applied OLG model of a small open economy with heterogeneous agents featuring a two-pillar...
Persistent link: https://www.econbiz.de/10008666196
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This paper explores the introduction of collective risk-sharing elements in defined contri-bution pension contracts. We consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate welfare, as measured by equiva- lent variations....
Persistent link: https://www.econbiz.de/10009377796