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This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or not work at all, time spent with children, and...
Persistent link: https://www.econbiz.de/10014457814
This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or not work at all, time spent with children, and...
Persistent link: https://www.econbiz.de/10014464298
household member is at risk of losing his/her job, the partner is 30% more likely to enter the labour market (extensive margin …
Persistent link: https://www.econbiz.de/10013443720
The literature suggests that the household invests in the human capital of a child member not only for altruistic … is a function of the risk preference of the household head. This paper estimates the effect of parental risk preference … on child labour decisions in the household using recall information on child labour and a risk elicitation question. We …
Persistent link: https://www.econbiz.de/10012200935
on household earnings from the U.S. Internal Revenue Service. By analyzing total household labor earnings as well as each … ameliorates household earnings risk through both extensive and intensive margins …
Persistent link: https://www.econbiz.de/10011932201
Income Dynamics (PSID) für die USA zeigen, dass sowohl Lohn- als auch Stundenshocks eine wichtige Rolle für die Erklärung der … our model with the Panel Study of Income Dynamics (PSID) shows that both permanent wage and hours shocks play an important …
Persistent link: https://www.econbiz.de/10011911518
We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks we formulate a life-cycle model of consumption and labor supply. Both...
Persistent link: https://www.econbiz.de/10012145317
We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks we formulate a life-cycle model of consumption and labor supply. Both...
Persistent link: https://www.econbiz.de/10012160640
with cash transfer policies. It also suggests that in a noncooperative set up, where household members do not share their … financial information, resources tend to be under-allocated in household public goods such as children. …
Persistent link: https://www.econbiz.de/10011883859
Persistent link: https://www.econbiz.de/10011618940