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This report brings together the analysis of five previous studies on the topic of the life course published by the European Foundation for the Improvement of Living and Working Conditions (Eurofound). It summarises the overall research findings from the perspective of the individual, the company...
Persistent link: https://www.econbiz.de/10011998832
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Societies provide institutions that are costly to use, but able to enforce long-run relationships. We study the optimal decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions. Third-party enforcement is modelled as a costly...
Persistent link: https://www.econbiz.de/10009635888
In the “perpetual youth” overlapping-generations model of Blanchard and Yaari, if leisure is a “normal” good then some agents will have negative labour supply. We suggest a solution to this problem by using a modified version of Greenwood, Hercowitz and Huffman’s utility function. The...
Persistent link: https://www.econbiz.de/10009639400
Economic theory predicts that the consumption path of unconstrained homeowners responds to the interest rate, while the consumption path of credit constrained homeowners is determined by the size and timing of payments (mortgage maturity). We exploit the rapid expansion of mort-gage markets...
Persistent link: https://www.econbiz.de/10009640630
We study how and to what extent private households are affected by the recent financial crisis and how their financial decisions are in uenced by this shock. Our analysis reveals that individuals with low levels of financial literacy are less likely to have invested in the stock market and thus...
Persistent link: https://www.econbiz.de/10009640632
We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...
Persistent link: https://www.econbiz.de/10009640634
The health and well-being of individuals are two dimensions around which researchers and policymakers are re …-arranging the debate on how to foster the progress of societies. Health and well-being have an intrinsic value, which should be part … study the relationship of work with many health dimensions and, in the fifth EWCS, with a measure of emotional and …
Persistent link: https://www.econbiz.de/10011902497
Developments in Working Life in Europe 2014 is part of a series of annual reviews published by Eurofound and provides an overview of the latest developments in industrial relations and working conditions across the European Union and Norway. The Annual Review collates information based on...
Persistent link: https://www.econbiz.de/10011902645
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