Showing 1 - 10 of 3,947
We look at the effects of rainfall forecasts and realized rainfall on equilibrium agricultural wages over the course of … the agricultural production cycle. We show theoretically that a forecast of good weather can lower wages in the planting … stage, by lowering ex ante out-migration, and can exacerbate the negative impact of adverse weather on harvest-stage wages …
Persistent link: https://www.econbiz.de/10010369059
This paper is one of the first comprehensive attempts to compare earnings in urban China and India over the recent … effects explains why Chinese wages have caught up, especially since the mid-1990s. The price effect is only partly explained …
Persistent link: https://www.econbiz.de/10010268813
India's colonial legacy and linguistic diversity give English an important role in its economy, and this role has …-language skills in India, but the extent of these returns is unknown due to lack of a microdata set containing measures of both … earnings and English ability. In this paper, we use a newly available data set - the India Human Development Survey, 2005 - to …
Persistent link: https://www.econbiz.de/10010269426
Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger incentives to train and upgrade their skills and/or may benefit from more rapid careers. Hence, the...
Persistent link: https://www.econbiz.de/10010274735
heterogeneity leading to a set of wages. We focus on the application where hedonic models have been most successful at clarifying … dimensions of heterogeneity in VSL, including by age and consumption plans, the latent trait that affects wages and job safety …
Persistent link: https://www.econbiz.de/10010272633
drowned out in our data, which would imply a severe downward bias of the OLS coefficient on risk. But this prediction is at … suggested by Garen (1988), we find negative associations between risk and wages for all workers, which is against the notion of … obtain reasonable VSLs, but the association between risk and wages is not statistically significant. We conclude that if …
Persistent link: https://www.econbiz.de/10010312517
In this paper we analyse several measures which are typically included in a social security reform: a cut in the social security benefits, an increase in the social security tax and tax incentives for the purchase of private life annuities, which have recently become quite popular at the...
Persistent link: https://www.econbiz.de/10010294515
This paper investigates the effect of adverse selection on the private annuity market in a model with two periods of retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement separate contracts can be purchased. Demand for the...
Persistent link: https://www.econbiz.de/10010294532
This paper investigates the effect of adverse selection and price competition on the private annuity market in a model with two retirement periods. In this framework annuity companies can offer contracts with different payoffs over the periods of retirement. Varying the time structure of the...
Persistent link: https://www.econbiz.de/10010294584
The market for private life annuities is characterised by adverse selection, that is, contracts offer lower than fair payoffs to individuals with low life expectancy. Moreover, life expectancy and income have been found to be positively correlated. The paper shows that a linear tax on annuity...
Persistent link: https://www.econbiz.de/10010294600