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Values and labor force participation in the Nordic countries
Hall, Axel; Gylfi Zoega - 2014
The Nordic countries are known for their success in combining an extensive welfare state with high labor force participation. This is explained by the origins and organization of their welfare states, which can be traced to a set of values and beliefs that emphasize the right of women to...
Persistent link: https://www.econbiz.de/10010436817
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Values and labor force participation in the Nordic countries
Hall, Axel; Gylfi Zoega - 2014
The Nordic countries are known for their success in combining an extensive welfare state with high labor force participation. This is explained by the origins of their welfare states that can be traced to a unique set of values and beliefs that emphasize the right of women to participate in the...
Persistent link: https://www.econbiz.de/10010252633
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On the causes of Brexit
Ágúst Arnórsson; Gylfi Zoega - 2016
We analyse the voting pattern in the June 23rd referendum on the continued participation of the United Kingdom in the European Union and evaluate the reasons for the results. We find that regions where GDP per capita is low, a high proportion of people have low education, a high proportion is...
Persistent link: https://www.econbiz.de/10011523724
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Longevity, retirement and intra-generational equity
Hougaard Jensen, Svend Erik; Thorsteinn Sigurdur Sveinsson - 2019
We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life expectancy magnifies the negative effect on the...
Persistent link: https://www.econbiz.de/10012029124
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Strong hysteresis due to age effects
Chen, Yu-Fu; Gylfi Zoega - 2010
Strong hysteresis in the labour market (see Cross, 1995) requires workers to be heterogeneous in terms of the cost of hiring and firing. We show how such heterogeneity arises naturally in labour markets due to differences in workers’ age by showing that both the hiring and the firing...
Persistent link: https://www.econbiz.de/10003936605
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A nonparametric analysis of regional unemployment dynamics in Britain
Bianchi, Marco; Gylfi Zoega - 1997
This paper estimates the probability distribution of relative county unemployment in Britain for the years 1981 … unemployment transition is defined as a move between a tail and the centre of the distribution (and vice versa). We calculate …) unemployment regions have a higher probability of entering a state of lower (higher) unemployment than a state of higher (lower …
Persistent link: https://www.econbiz.de/10009660376
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Mapping educational disparities in life-cycle consumption
Hougaard Jensen, Svend Erik; Olafsson, Sigurdur P.; … - 2022
This paper uses data taken from the tax returns of all Icelandic taxpayers in 2005-2019, a period that saw large changes in disposable income around the country's financial crisis in 2008, to plot the life-cycle path of consumption and income for different education groups and to estimate the...
Persistent link: https://www.econbiz.de/10013287969
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Does mandatory saving crowd out voluntary saving? : evidence from a pension reform
Hougaard Jensen, Svend Erik; Olafsson, Sigurdur P.; … - 2022
Recently, mandatory pension contributions in the private sector in Iceland were increased substantially while remaining unchanged in the public sector. This constituted a large natural experiment. We study the effects of this experiment on households’ voluntary saving using administrative...
Persistent link: https://www.econbiz.de/10013440376
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Why do Europeans work less than Americans? : public consumption and welfare benefits as a cause of the North-Atlantic divide
Hall, Axel; Gylfi Zoega - 2015
unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries …
Persistent link: https://www.econbiz.de/10010496985
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The Modigliani puzzle revisited : a note
Katsimē, Margarita; Gylfi Zoega - 2017
We estimate the relationship between investment and unemployment in order to explore whether the medium …
Persistent link: https://www.econbiz.de/10011782019