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Persistent link: https://www.econbiz.de/10008747619
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
We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply and job mobility. Across education groups permanent shocks to productivity have become more dispersed. Moreover, heterogeneity in pay across offered jobs has increased for...
Persistent link: https://www.econbiz.de/10011595910
We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply and job mobility. Across education groups permanent shocks to productivity have become more dispersed. Moreover, heterogeneity in pay across offered jobs has increased for...
Persistent link: https://www.econbiz.de/10012966057
country model in which people move to maximize expected utility. Wages are set by unions, and unemployment emerges as an … 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
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
unemployment risk. We use unemployment insurance (UI) benefit laws as a proxy for unemployment risk and multiple measures of tax … benefits lower labor unemployment risk and, hence provide firms with an opportunity to exhibit more tax aggressiveness …. Consistent with this hypothesis, we find a negative relation between firms' tax aggressiveness and unemployment risk. In …
Persistent link: https://www.econbiz.de/10013082562
unemployment risk. We exploit changes in state unemployment insurance laws as a source of variation in the costs borne by workers … during layoff spells. We find that higher unemployment benefits lead to increased corporate leverage, particularly for labor …-intensive and financially constrained firms. We estimate the ex ante, indirect costs of financial distress due to unemployment risk …
Persistent link: https://www.econbiz.de/10012940594
unemployment risks on individual wages are analyzed in chapter 2. Building on a portfolio model for the labor market, the effects … unemployment risk is negative. Chapter 3 focuses on the effects of the reduction of unemployment benefits in the course of the … German Hartz reforms. For men and women in East and West Germany we find that the reform-induced decrease in unemployment …
Persistent link: https://www.econbiz.de/10011742989