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In this paper we analyze the impact of the expectations about future labor income on thesaving behavior of German 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...
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SWD-Schlagwörter: Arbeitsmarkt, Arbeitslosigkeit, Sparen. - Freie Schlagwörter (Englisch): Labor Market, Unemployment …Die Arbeit analysiert den Einfluss von Arbeitsmarktregimen auf das Sparverhalten privater Haushalte in Deutschland und … (Vorsichtssparen). Anhand von Panel-Daten abhängig beschäftigter Personen in Deutschland (SOEP) und Großbritannien (BHPS) ergibt sich …
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This paper extends the idea of using ex-ante risk measures in a model of precautionary savings by explicitly simulating future net-income risks. The uncertainty measure takes into account the interdependency of labor market status and health. The model is estimated for prime age males using the...
Persistent link: https://www.econbiz.de/10013117981
This paper extends the idea of using ex-ante risk measures in a model of precautionary savings by explicitly simulating future net-income risks. The uncertainty measure takes into account the interdependency of labour market status and health. The model is estimated for prime age males using the...
Persistent link: https://www.econbiz.de/10013118821
In the Covid-19 crisis, most OECD countries use short-time work schemes (subsidized working time reductions) to preserve employment relationships. This paper studies whether short-time work can save jobs through stabilizing aggregate demand in recessions. We build a New Keynesian model with...
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