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Reduced form estimations of precautionary saving with respect to labor market risk have hitherto failed to consider that a decrease of say unemployment probability or an increase in unemployment insurance (UI) generosity affects saving not only by reducing the expected variance in earnings but...
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This paper is about “Capital in the Twenty-first Century” by Thomas Piketty. It identifies his central macroeconomic claims and examines them, arguing that the contentions are theoretically and empirically unwarranted.
Persistent link: https://www.econbiz.de/10010349913
employment, income, and wealth, we empirically assess how fertility intentions are affected by: 1) the deprivation of a quality … future employment; 2) conditions of economic disadvantage in terms of household income and wealth, which may imply … employment positions) significantly discourages the decision to have a first child. Low levels of household wealth significantly …
Persistent link: https://www.econbiz.de/10011526684
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …
Persistent link: https://www.econbiz.de/10011551036
This paper examines the effect of wealth on labour market behaviour. Providing convincing evidence on this relationship … is challenging since wealth and labour supply may be endogenously determined. We overcome this by looking at wealth … theoretical framework which outlines how an individual's labour market behaviour may be expected to react to a wealth shock under …
Persistent link: https://www.econbiz.de/10011455568
education and wealth increasing or decreasing in the 20-year interval between 1991 and 2010?'. Horizontal inequality in … other sub-national regions. However, Tanzanian society is becoming more unequal in wealth with rising wealth inequality …
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