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estimation bias is less pronounced for secondary than for primary earners. The reason is that, in households with two earners and … to borrow than wage-rate changes of the primary earner. We illustrate the differential estimation bias in the framework …
Persistent link: https://www.econbiz.de/10012981501
The Fair Labor Association (FLA) is a non-profit collaborative effort of universities, civil society organisations and socially-responsible companies. FLA promotes adherence to international and national labour laws as this non-governmental organisation advocates for greater accountability and...
Persistent link: https://www.econbiz.de/10013227296
This paper presents a stochastic integrated model to forecast the German population and labour supply until 2060. Within a cohort-component approach, the population forecast applies principal components to birth, mortality, emigration and immigration rates. The labour force participation rates...
Persistent link: https://www.econbiz.de/10011586534
estimation bias is less pronounced for secondary than for primary earners. The reason is that, in households with two earners and … to borrow than wage-rate changes of the primary earner. We illustrate the differential estimation bias in the framework …
Persistent link: https://www.econbiz.de/10011543948
The labor-supply elasticity is a central element in many macroeconomic models. We argue that assumptions underlying previous econometric estimates of the intertemporal labor supply elasticity are inconsistent with incomplete markets economies. In particular, if the econometrician ignores...
Persistent link: https://www.econbiz.de/10001626699
In this paper we explore the accumulation of capital in the presence of limited insurance against idiosyncratic shocks, borrowing constraints and endogenous labor supply. As in the exogenous labor supply case (e.g. Aiyagari 1994, Huggett 1997), we find that steady states are characterized with...
Persistent link: https://www.econbiz.de/10014086799
Most empirical studies of the impact of labour income taxation on the labour supply behaviour of households use a unitary modelling approach. In this paper we empirically analyze income taxation and the choice of working hours by combining the collective approach for household behaviour and the...
Persistent link: https://www.econbiz.de/10011376279
Most empirical studies of the impact of labour income taxation on the labour supply behaviour of households use a unitary modelling approach. In this paper we empirically analyze income taxation and the choice of working hours by combining the collective approach for household behaviour and the...
Persistent link: https://www.econbiz.de/10011376311
A new paradigm for transport economists has been established: revenues of a welfare-maximising road tax should be employed to reduce the level of a distortionary income tax. An essential assumption to reach this conclusion is that the number of workdays is optimally chosen, whereas daily...
Persistent link: https://www.econbiz.de/10011377565
The aim of this paper is to analyse the efect of job insecurity on labour supply. We propose an extension of traditional discrete choice models of labour supply in order to allow for the introduction of non-pecuniary job attributes in the analysis. In our extended model, the choice alternatives...
Persistent link: https://www.econbiz.de/10009792509