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Welfare Measurement in Labour Supply Models with Nonlinear Budget Constraints

Preston, Ian; Walker, Ian - 1999

This paper is concerned with the measurement of individual welfare in labour supply models which allow for the impact of income taxation and income support schemes on labour supply decisions. The paper is motivated by the concern over the need to have measures which can be interpreted easily,...

Persistent link: https://www.econbiz.de/10014184370

Biased wage expectations and female labor supply

Blesch, Maximilian; Eisenhauer, Philipp; Haan, Peter; … - 2023

Wage growth occurs almost exclusively in full-time work, whereas it is close to zero in part-time work. German women, when asked to predict their own potential wage outcomes, show severely biased expectations with strong over-optimism about the returns to part-time experience. We estimate a...

Persistent link: https://www.econbiz.de/10014495723

The macroeconomic effects of longevity risk under private and public insurance and asymmetric information

Heijdra, Ben J.; Jiang, Yang; Mierau, Jochen O. - 2017

We study the impact of a fully-funded social security system in an economy with heterogeneous consumers. The unobservability of individual health conditions leads to adverse selection in the private annuity market. Introducing social security - which is immune to adverse selection - affects...

Persistent link: https://www.econbiz.de/10011761551

Redistributive effects of different pension structures when longevity varies by socioeconomic status in a general equilibrium setting

Sanchez-Romero, Miguel; Lee, Ronald Demos; … - 2019

Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate...

Persistent link: https://www.econbiz.de/10012314266

Self-enforcing family rules, marriage and the (non)neutrality of public intervention

Cigno, Alessandro; Komura, Mizuki; Luporini, Annalisa - 2016

We demonstrate that the notion of a "family constitution" (self-enforcing, renegotiation-proof family norm) requiring adults to provide attention for elderly parents carries over from a world where sexually indifferentiated individuals reproduce by cell separation, to one where individuals...

Persistent link: https://www.econbiz.de/10011488072

Self-Enforcing Family Rules, Marriage and the (Non)Neutrality of Public Intervention

Cigno, Alessandro - 2016

We demonstrate that the notion of a “family constitution” (self-enforcing, renegotiation-proof family norm) requiring adults to provide attention for elderly parents carries over from a world where sexually indifferentiated individuals reproduce by cell separation, to one where individuals...

Persistent link: https://www.econbiz.de/10012986656

The Economics of Jubilation - Blinking Adam’s Fallacy Away

Gorga, Carmine - 2009

A system of thought allowed for the free market price of land to cyclically go down to zero. This is the economics of Moses. The economics of Jesus is a restatement of the economics of Moses. The first was applied during Biblical times and the latter, united with Aristotle’s thought and...

Persistent link: https://www.econbiz.de/10014202651

The effect of sexual activity on wages

Drydakis, Nick - 2013

The purpose of this study is to estimate whether sexual activity is associated with wages, and also to estimate … potential interactions between individuals' characteristics, wages and sexual activity. The central hypothesis behind this …'s set of productive traits that affect wages. Using two stage estimations we examine the relationship between adult sexual …

Persistent link: https://www.econbiz.de/10009783674

Unemployment, wages and pensions

Peinado, Patricia; Serrano Pérez, Felipe - In: International review of applied economics 31 (2017) 5, pp. 670-680

Persistent link: https://www.econbiz.de/10011797396

Longevity gap and public pensions : a minimal model

Simonovits, András - 2021

The strong and increasing positive correlation between lifetime income and life expectancy (the longevity gap) has recently been widely studied. In this paper we employ the simplest, minimal model to demonstrate the impact of this long-neglected fact on the various types of public pension...

Persistent link: https://www.econbiz.de/10012601797

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