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Wage risk, employment risk and the rise in wage inequality
Mecikovsky, Ariel Matias; Wellschmied, Felix - 2016
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
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Wage Risk, Employment Risk and the Rise in Wage Inequality
Mecikovsky, Ariel - 2017
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
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Income in Jeopardy : how losing employment affects the willingness to take risks/ Clemens Hetschko; Malte Preuss
Hetschko, Clemens; Preuss, Malte - 2015
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
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Risk Sharing Or Bargaining? The Impact of Spousal Labor Supply on Unemployment Duration
Liu, Jing - 2009
wage and unemployment duration. We consider a model of household job search in which the outcomes of bargaining are … unemployment duration: the more the husband earns, the longer the wife searches for a job; whereas the more the wife earns, the … sooner the husband finds a job. Secondly, an increase of $100 in unemployment insurance (UI) per month lowers employment rate …
Persistent link: https://www.econbiz.de/10013159199
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Longevity, Life-Cycle Behavior and Pension Reform
Haan, Peter; Prowse, Victoria - 2011
How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking...
Persistent link: https://www.econbiz.de/10011601038
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Longevity, life-cycle behavior and pension reform
Haan, Peter; Prowse, Victoria - 2011
How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking...
Persistent link: https://www.econbiz.de/10010286305
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Longevity, life-cycle behavior and pension reform
Haan, Peter; Prowse, Victoria - 2011
How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking...
Persistent link: https://www.econbiz.de/10009269241
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Life Cycle Time Allocation and Saving in an Imperfect Capital Market
Apps, Patricia; Rees, Ray - 2004
This paper combines income and expenditure with time use data to provide a unique picture of the time paths of labour supplies, saving and full consumption for two-adult households over the life cycle. These data are used to test the life cycle model presented in the paper, at the core of which...
Persistent link: https://www.econbiz.de/10010261803
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Life Cycle Time Allocation and Saving in an Imperfect Capital Market
Apps, Patricia F.; Rees, Ray - 2021
This paper combines income and expenditure with time use data to provide a unique picture of the time paths of labour supplies, saving and full consumption for two-adult households over the life cycle. These data are used to test the life cycle model presented in the paper, at the core of which...
Persistent link: https://www.econbiz.de/10013319460
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Evidence on job search models from a survey of unemployed workers in Germany
Della Vigna, Stefano; Heining, Jörg; Schmieder, Johannes; … - 2020
The job finding rate of Unemployment Insurance (UI) recipients declines in the initial months of unemployment and then … effort. The panel structure allows us to observe how search effort evolves within individual over the unemployment spell. We …
Persistent link: https://www.econbiz.de/10012207491