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The Bartik instrument is formed by interacting local industry shares and national industry growth rates. We show that the typical use of a Bartik instrument assumes a pooled exposure research design, where the shares measure differential exposure to common shocks, and identification is based on...
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The Bartik instrument is formed by interacting local industry shares and national industry growth rates. We show that the Bartik instrument is numerically equivalent to using local industry shares as instruments in a GMM estimator and discuss how different asymptotics imply different identifying...
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; inheritance …
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we restrict the sample solely on those persons receiving an inheritance. Although more modest, higher inheritances … not adjust working hours and the full response takes place in the phase of the inheritance. Although negative income … restringiert wird. Im Gegensatz zu vorangegangenen Untersuchungen passt der Lebenspartner des Erben sein Arbeitsangebot aber nicht …
Persistent link: https://www.econbiz.de/10009789988
We study the effect of receiving an inheritance on the labor force participation (LFP) of both the recipient and the … recipient's spouse in a population of older married couples. An inheritance is not subject to laws governing division of marital … inheritance expectations, we interpret the receipt of an inheritance as a shock to wealth. Our results indicate that receiving an …
Persistent link: https://www.econbiz.de/10011502878
The objective of this paper is to study when and how much labor supply and savings of heirs respond to inheritances. We … transfer. Our second main result is that the more the heir inherits, the higher her capital income becomes. This savings effect … only appears in the years after receiving the inheritance. It disappears after a couple of years. -- inheritances …
Persistent link: https://www.econbiz.de/10008909619