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country model in which people move to maximize expected utility. Wages are set by unions, and unemployment emerges as an … from the employed to the unemployed. The analysis finds that, with monopoly unions, more redistribution tends to repel … model in which wage setting does not depend on unemployment benefits and taxes. These effects are dampened by the …
Persistent link: https://www.econbiz.de/10014062995
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10013325149
volatility of vacancies and unemployment. This channel can be relevant if the lack of insurance is large enough so that the … earnings variance and persistence in the unemployment state that result in a large degree of self-insurance …
Persistent link: https://www.econbiz.de/10012709508
Persistent link: https://www.econbiz.de/10008747619
Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing oneś job reduces the willingness to take risks. This effect strengthens in...
Persistent link: https://www.econbiz.de/10011405097
This paper analyzes changes in the risk of unemployment and changes in the distribution of unemployment duration for … employment subsample 1975-1997 is used for the analysis. It contains employment and unemployment trajectories of about 500 …, marital status etc. we identify significant differences in the first three quintiles of the unemployment duration distribution …
Persistent link: https://www.econbiz.de/10014063407
larger earnings fluctuations than employees and that they frequently transition into unemployment. Given that the self …-employed are not eligible to unemployment insurance, I analyze the provision of benefits targeted at these risks using a calibrated … heterogeneity. This exercise suggests that extending the current U.S. unemployment insurance scheme to the self-employed comes with …
Persistent link: https://www.econbiz.de/10014464421
This paper analyzes changes in the risk of unemployment and changes in the distribution of unemployment duration for … employment subsample 1975- 1997 is used for the analysis. It contains employment and unemployment trajectories of about 500 … length of unemployment duration. A large share of long term unemployment with only few exits to employment is observed in …
Persistent link: https://www.econbiz.de/10010297349
We here evaluate the link between job insecurity and one of the most-important decisions that individuals take: homeownership. The 1999 rise in the French Delalande tax on firms that laid off older workers produced an unexpected exogenous rise in job insecurity for younger workers. A...
Persistent link: https://www.econbiz.de/10014544998
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