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Accounting for the racial property crime gap in the US: A quantitative equilibrium analysis
Cozzi, Marco - 2010
This paper studies the effects of both labor market conditions and asset poverty on the property crimes involvement of American males. Since the mid 60's the property crimes arrest rate has been four times higher for black males if compared to white ones. Another set of stylised facts show for...
Persistent link: https://www.econbiz.de/10010290336
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The firing cost implications of alternative severance pay designs
Parsons, Donald O. - 2010
Economists have concerns about the firing cost implications of mandated severance plans. Analysis reveals that predicted severance plan consequences depend critically on the precise structure of the plan. Whether governments mandate (i) severance insurance plans or (ii) severance savings plans...
Persistent link: https://www.econbiz.de/10003968599
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Mandated severance pay and firing cost distortions : a critical review of the evidence
Parsons, Donald O. - 2011
Severance pay mandates are an appealing job displacement insurance strategy in developing countries, which have only modest government administrative capacities, but they carry the threat of adverse indirect effects. A critical review of the empirical literature reveals that severance benefit...
Persistent link: https://www.econbiz.de/10009309703
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The Emergence of Private Job Displacement Insurance in the United States : Severance Pay Plans 1930-1954
Parsons, Donald O. - 2006
Formal employer-provided severance pay plans became common during the first years of the Great Depression, an apparent reaction to the large-scale layoffs of long-service workers under difficult market conditions. Reasonably consistent series are constructed for severance plan coverage and...
Persistent link: https://www.econbiz.de/10014060331
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Has public debt been too high in Canada and the U.S.? : a quantiative assessment
Cozzi, Marco - 2022
Persistent link: https://www.econbiz.de/10013262987
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Wealth inequality and the optimal level of government debt
Röhrs, Sigrid; Winter, Christoph - 2011
In this paper, we quantitatively analyze to what extent a benevolent government should issue debt in a model where households are subject to idiosyncratic productivity shocks, insurance markets are missing and borrowing is restricted. In this environment, issuing government bonds facilitates...
Persistent link: https://www.econbiz.de/10010316936
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Welfare costs of business cycles when markets are incomplete
Krebs, Tom - 2004
This paper analyzes the welfare costs of business cycles when workers face uninsurable idiosyncratic labor income risk … the welfare cost of business cycles when preferences and the (marginal) process of individual labor income in the economy … never decreases the welfare cost of business cycles, and strictly increases it if there are cyclical fluctuations across the …
Persistent link: https://www.econbiz.de/10010318998
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Life in shackles? : the quantitative implications of reforming the educational loan system
Heijdra, Ben J.; Kindermann, Fabian; Reijnders, Laurie S. M. - 2014
. As there exists a considerable amount of transitional dynamics in the model the welfare effects of the reform differ by … generation. Cohorts alive at the time of the shock are worse off while ex-ante welfare of future cohorts increases. The gains to … overall welfare gain. The second possible reform we study is a Comprehensive Labour Tax (CLT). It is very similar to the GLT …
Persistent link: https://www.econbiz.de/10010418274
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Accounting for the racial property crime gap in the US : a quantitative equilibrium analysis
Cozzi, Marco - 2010
This paper studies the effects of both labor market conditions and asset poverty on the property crimes involvement of American males. Since the mid 60's the property crimes arrest rate has been four times higher for black males if compared to white ones. Another set of stylised facts show for...
Persistent link: https://www.econbiz.de/10003951079
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Should UI eligibility be expanded to low-earning workers? : evidence on employment, transfer receipt, and income from administrative data
Leung, Pauline; O'Leary, Christopher J. - 2015
Recent efforts to expand unemployment insurance (UI) eligibility are expected to increase low-earning workers' access to UI. Although the expansion's aim is to smooth the income and consumption of previously ineligible workers, it is possible that UI benefits simply displace other sources of...
Persistent link: https://www.econbiz.de/10011341908