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Income, consumption and wealth inequality in Spain
Anghel, Brindusa; Basso, Henrique S.; Bover, Olympia; … - In: SERIEs : Journal of the Spanish Economic Association 9 (2018) 4, pp. 351-387
This paper analyses the level of inequality in Spain and how it evolved over the course of the past crisis and the early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption and wealth inequality, and studies how they have...
Persistent link: https://www.econbiz.de/10011967426
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Consumer bankruptcy, mortgage default and labour supply
Li, Wenli; Meghir, Costas; Oswald, Florian - 2022
We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic...
Persistent link: https://www.econbiz.de/10013167646
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Uncertain longevity and investment in education
Sheshinski, Eytan - 2009
warrant the above hypotheses. We provide assumptions about the change in survival probabilities, specifically about the age … dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …. -- longevity ; survival functions ; education ; work ; age of retirement ; annuities …
Persistent link: https://www.econbiz.de/10003883894
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Do credit supply and unemployment risk matter for household saving? : evidence from Poland
Kłopocka, Aneta Maria; Wilczyński, Ryszard - In: Contemporary economics 15 (2021) 4, pp. 375-392
This paper contributes to the literature on the effects of uncertainty on household saving – a long-standing and extensively explored topic yet leaving a number of issues inconclusive. It concentrates on the labor income uncertainty by addressing saving against unemployment risk in terms of...
Persistent link: https://www.econbiz.de/10012802075
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Inequality and the life cycle
Kaplan, Greg - In: Quantitative economics : QE ; journal of the … 3 (2012) 3, pp. 471-525
I structurally estimate an incomplete markets life-cycle model with endogenous labor supply using data on the joint distribution of wages, hours, and consumption. The model is successful at matching the evolution of both the first and second moments of the data over the life cycle. The key...
Persistent link: https://www.econbiz.de/10011756849
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Lifetime labor supply in a search model of unemployment
Bettendorf, Leon; Broer, Dirk Peter - 2003
This paper investigates the age-dependency of participation andunemployment by integrating job search with … ofparticipation rates of elder workers as a result of the post-war increase intax rates and replacement rates. We show that the age …
Persistent link: https://www.econbiz.de/10011333255
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Flexible work arrangements and precautionary behaviour : theory and experimental evidence
Orland, Andreas; Rostam-Afschar, Davud - 2020
In the past years, work time in many industries has become increasingly flexible opening up a new channel for intertemporal substitution. To study this, we set up a two-period model with wage uncertainty. This extends the standard saving model by allowing a worker to allocate a fixed time budget...
Persistent link: https://www.econbiz.de/10012195562
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Flexible work arrangements and precautionary behavior : theory and experimental evidence
Orland, Andreas; Rostam-Afschar, Davud - 2020
In the past years, work time in many industries has become increasingly flexible opening up a new channel for intertemporal substitution. To study this, we set up a two-period model with wage uncertainty. This extends the standard savings model by allowing a worker to allocate a fixed time...
Persistent link: https://www.econbiz.de/10012175734
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Consumer Bankruptcy, Mortgage Default and Labor Supply
Li, Wenli; Meghir, Costas; Oswald, Florian - 2022
We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic...
Persistent link: https://www.econbiz.de/10013294054
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Consumer Bankruptcy, Mortgage Default and Labor Supply
Li, Wenli; Meghir, Costas; Oswald, Florian - 2022
We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic...
Persistent link: https://www.econbiz.de/10013492266