Showing 1 - 10 of 6,107
This paper presents and estimates a unified model where both human capital investment and job search are endogenized. This unification enables us to quantify the relative contributions of each mechanism to life cycle earnings growth, while investigating potential interactions between human...
Persistent link: https://www.econbiz.de/10009490100
We construct a theoretical model of labor markets with human capital accumulation to understand and quantify the earnings losses for young workers generated by unemployment: unemployment represents time forgone in terms of human capital accumulation, which adversely affects long-term income...
Persistent link: https://www.econbiz.de/10011389663
We investigate how early life circumstances - childhood health and socioeconomic status (SES) - are associated with labor market outcomes over an individualś entire life cycle. A life cycle approach provides insights not only into which labor market outcomes are associated with adverse...
Persistent link: https://www.econbiz.de/10011303594
This paper investigates the age-dependency of participation andunemployment by integrating job search with intertemporal optimizing behaviorof finitely-lived households. We find that search frictions and tax ratesdistort the decisions of older workers to a much larger extent than that ofyoung...
Persistent link: https://www.econbiz.de/10011333255
This paper analyzes optimal linear taxes on capital and labor incomes in a life-cyclemodel of human capital investment, financial savings, and labor supply with heteroge-nous individuals. A dual income tax with a positive marginal tax rate on not onlylabor income but also capital income is...
Persistent link: https://www.econbiz.de/10011343277
Persistent link: https://www.econbiz.de/10010528857
Persistent link: https://www.econbiz.de/10009760648
Persistent link: https://www.econbiz.de/10010354415
Persistent link: https://www.econbiz.de/10010241554
This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment. This proposition is a fundamental assumption underlying numerous studies on intertemporal choice and has important implications for tax policy. Using nonparametric and panel...
Persistent link: https://www.econbiz.de/10010384031