Showing 1 - 10 of 8,610
information on demographics, socio-economic conditions, life events, health, and cognitive functioning. We exploit exogenous … consecutive shocks later in life exceeds the sum of the separate effects, and whether economic and health shocks later in life … ; developmental origins ; retirement ; health ; long-run effects ; dementia …
Persistent link: https://www.econbiz.de/10003941481
. -- Cognitive functioning ; business cycle ; bereavement ; developmental origins ; retirement ; health ; long-run effects ; pension …
Persistent link: https://www.econbiz.de/10008656737
information on demographics, socio-economic conditions, life events, health, and cognitive functioning. We exploit exogenous … consecutive shocks later in life exceeds the sum of the separate effects, and whether economic and health shocks later in life …
Persistent link: https://www.econbiz.de/10013147372
Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding rate and the unemployment rate? In the odel, these fluctuations are driven by movements in productivity. This paper inestigates the sources of productivity fluctuations that are...
Persistent link: https://www.econbiz.de/10011756844
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higherorder risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012182809
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012215285
This paper connects two salient economic features: (i) Fiscal shocks have asymmetric effects across business cycle phases (Gechert et al., 2019); (ii) Okun's coefficient is time varying and may be unstable. The intertwined dynamic behavior of fiscal shocks and unemployment-output trade-offs are...
Persistent link: https://www.econbiz.de/10012054782
psychological buffer against health shocks in adulthood. To identify behavioural differences in labour supply, I focus on a selected … group of full-time employed men of working age and similar health. Men with negative control beliefs, relative to men with … positive beliefs, are 230-290% more likely to work part-time or drop out of the labour market after a health shock. In old age …
Persistent link: https://www.econbiz.de/10010358772
Using a sign restrictions approach, we document that total factor productivity (TFP) moves counter-cyclically in the aftermath of supply and demand side shocks. To interpret our empirical results, we conduct counter-factual simulations, based on a New Keynesian DSGE model in which TFP fluctuates...
Persistent link: https://www.econbiz.de/10010416884
Using a sign restrictions approach, we document that total factor productivity (TFP) moves counter-cyclically in the aftermath of supply and demand side shocks. To interpret our empirical results, we conduct counter-factual simulations, based on a New Keynesian DSGE model in which TFP fluctuates...
Persistent link: https://www.econbiz.de/10010417186