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Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2005

the one hand, as wage uncertainty rises, so does the cost associated with missing insurance markets. On the other hand …

Persistent link: https://www.econbiz.de/10005123728

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

The life-cycle and the business-cycle of wage risk — Cross-country comparisons

Bayer, Christian; Juessen, Falko - In: Economics Letters 117 (2012) 3, pp. 831-833

We provide evidence on life-cycle and business-cycle fluctuations in the dispersion of household-level wage innovations, comparing the US, the UK, and Germany. First, we find that household characteristics explain about 25% of the dispersion in wages within an age group in all three countries....

Persistent link: https://www.econbiz.de/10011041853

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

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

Immigration and Inequality

Card, David - In: American Economic Review 99 (2009) 2, pp. 1-21

Persistent link: https://www.econbiz.de/10004999865

Does It Pay for Women to Volunteer?

Sauer, Robert M. - Institute for the Study of Labor (IZA) - 2012

This paper estimates the economic and non-economic returns to volunteering for prime-aged women. A woman's decision to engage in unpaid work, and to marry and have children, is formulated as a forward-looking discrete choice dynamic programming problem. Simulated maximum likelihood estimates of...

Persistent link: https://www.econbiz.de/10011252286

Wage Risk and Employment Risk over the Life Cycle

Low, Hamish; Meghir, Costas; Pistaferri, Luigi - In: American Economic Review 100 (2010) 4, pp. 1432-67

insurance which provides (partial) insurance against employment risk. (JEL D91, J22, J31, J61, J64, J65) …

Persistent link: https://www.econbiz.de/10008645023

Does it Pay for Women to Volunteer?

Sauer, Robert M. - Centre for Household, Income, Labour and Demographic … - 2015

This paper estimates the economic and non-economic returns to volunteering for prime-aged women. Estimates of a DCDP model indicate that an extra year of volunteer experience increases wage offers by 8.5% in future part-time work and by 2.6% in future full-time work. On average, working for free...

Persistent link: https://www.econbiz.de/10011196515

Disability Insurance and the Dynamics of the Incentive-Insurance Tradeoff

Low, Hamish; Pistaferri, Luigi - Faculty of Economics, University of Cambridge - 2014

We provide a lifecycle framework for comparing the insurance value and the incentive cost of disability benefits. We … estimate the risks that individuals face and the parameters governing the disability insurance program using longitudinal US … data on consumption, health, disability insurance, and wages. We characterize the economic effects of disability insurance …

Persistent link: https://www.econbiz.de/10010797796

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