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Wage Risk and Employment Risk Over the Life Cycle
Low, Hamish; Meghir, Costas; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2007
unemployment insurance which provides (partial) insurance against employment risk and no insurance against persistent shocks. …
Persistent link: https://www.econbiz.de/10005123649
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Longevity, life-cycle behavior and pension reform
Haan, Peter; Prowse, Victoria - In: Journal of Econometrics 178 (2014) P3, pp. 582-601
How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this question, we use micro data to estimate a structural life-cycle model of individuals’ employment, retirement and consumption decisions. We calculate that, in the...
Persistent link: https://www.econbiz.de/10010730119
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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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Wage Risk and Employment Risk over the Life Cycle
Low, Hamish; Meghir, Costas; Pistaferri, Luigi - National Bureau of Economic Research (NBER) - 2009
productivity risk is greater than the value of unemployment insurance which provides (partial) insurance against employment risk …
Persistent link: https://www.econbiz.de/10005720597
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Crime and European labour market policy
Ochsen, Carsten - Institut für Volkswirtschaftlehre, Universität Rostock - 2005
In this paper we investigate the effects of labour market policy on several types of criminal offences for fifteen European countries. The main results are the following: Firstly, the results change markedly if we control for unobserved heterogeneity. In the context of criminal offences the...
Persistent link: https://www.econbiz.de/10010958228
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Job Search and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data
Krueger, Alan B.; Mueller, Andreas - Industrial Relations Section, Department of Economics - 2011
sharply over the spell of unemployment; (2) the self-reported reservation wage predicts whether a job offer is accepted or … rejected; (3) the reservation wage is remarkably stable over the course of unemployment for most workers, with the notable … devoted to job search and the reservation wage help predict early exits from Unemployment Insurance (UI). …
Persistent link: https://www.econbiz.de/10010928487
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Job Search and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data
Krueger, Alan B.; Mueller, Andreas - Industrial Relations Section, Department of Economics - 2011
sharply over the spell of unemployment; (2) the self-reported reservation wage predicts whether a job offer is accepted or … rejected; (3) the reservation wage is remarkably stable over the course of unemployment for most workers, with the notable … devoted to job search and the reservation wage help predict early exits from Unemployment Insurance (UI). …
Persistent link: https://www.econbiz.de/10005558683
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Lifetime Labor Supply in a Search Model of Unemployment
Bettendorf, Leon J.H.; Broer, D. Peter - Tinbergen Instituut - 2003
pattern of searchunemployment does not match observed unemployment and we propose a new conceptof 'voluntary' unemployment …
Persistent link: https://www.econbiz.de/10011255879
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Unemployment, Participation and Worker Flows Over the Life-Cycle
Choi, Sekyu; Janiak, Alexandre; Villena-Roldán, Benjamín - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
We estimate and report life-cycle transition probabilities between employment, unemployment and inactivity for male and … explaining the life-cycle profiles of participation and unemployment rates using a novel decomposition method. A key robust … finding is that most differences in participation and unemployment over the life-cycle can be attributed to the probability of …
Persistent link: https://www.econbiz.de/10010547306
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Aging and the Financing of Social Security in Switzerland
Keuschnigg, Christian; Keuschnigg, Mirela; Jaag, Christian - In: Swiss Journal of Economics and Statistics (SJES) 147 (2011) II, pp. 181-231
The gains in life expectancy are expected to double the dependency ratio and increase population by 10% in Switzerland until 2050. To quantify the effects on social security and public finances, we use an overlapping generations model with five margins of labor supply: labor market...
Persistent link: https://www.econbiz.de/10009221499