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percentage losses in retirement savings as a result of more frequent spells of unemployment. Higher income worker losses are more …The link between unemployment and pension accumulations is conceptually straightforward; periods of unemployment lead … of the timing and frequency of unemployment spells. We hypothesize that unemployment is more likely during periods in …
Persistent link: https://www.econbiz.de/10010287972
households. We measure expectations on an individual basisinstead of generalized risk measures as it is common in existing … studies. We use aunique panel data set on household savings. We find that that a higher unemploymentexpectation significantly … decreases savings. However, we are not able to identify asignificant relationship between general future income expectations and …
Persistent link: https://www.econbiz.de/10010312155
larger earnings fluctuations than employees and that they frequently transition into unemployment. Given the self …-employed are not eligible to unemployment insurance, I analyze the provision of benefits targeted at these risks using a calibrated … search model with (i) precautionary savings, (ii) work opportunities in paid- and self-employment, (iii) skill heterogeneity …
Persistent link: https://www.econbiz.de/10014581780
We use administrative data for Norway to estimate an incomplete-market life-cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without...
Persistent link: https://www.econbiz.de/10014581860
This paper analyses the link between educational attainment and unemployment risk in a French-German comparison, based … on a discrete time competing risks hazard rate model applied to comparable microdata sets. The unemployment risk is … broken down into the risk of entering unemployment and the risk, once unemployed, of not getting reemployed. The paper …
Persistent link: https://www.econbiz.de/10010297286
-being and paradoxically can be even more harmful than actual job loss with subsequent unemployment. …
Persistent link: https://www.econbiz.de/10010302724
with subsequent unemployment. …
Persistent link: https://www.econbiz.de/10011600924
In this paper, we present data on recent trends in private consumption and in possible determinants of private consumption (such as GDP, household incomes, household saving rates, household wealth, and employment conditions) in the Group of Seven (G7) countries and find that there has been...
Persistent link: https://www.econbiz.de/10010332369
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10010294843
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10010427581