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The Greek unemployment rate rose from 2 percent in the 1960s to 9-10 percent in the 1990s. This reflected the increase …
Persistent link: https://www.econbiz.de/10012782017
impact on aggregate labor market performance and unemployment. In a two-sector labor market model with free mobility of labor …
Persistent link: https://www.econbiz.de/10013317706
The theoretical literature presumes generational risk is large enough to merit study and that such risk can be meaningfully shared via appropriate government policy. This paper questions these propositions. It develops an 80-period OLG model to directly measure generational risk and the extent...
Persistent link: https://www.econbiz.de/10012953195
The theoretical literature presumes generational risk is large enough to merit study and that such risk can be meaningfully shared via appropriate government policies. This paper assesses these propositions. It develops a computational technique to overcome the curse of dimensionality and...
Persistent link: https://www.econbiz.de/10012970384
We explore the welfare consequences of different taxation schemes in an economy where agents are debt-constrained. If agents default on their debt, they are banned from future credit markets, but retain their private endowments which are subject to income taxation. A change in the tax system...
Persistent link: https://www.econbiz.de/10014215741
It is well known that the implicit insurance provided by labor income taxes can reduce total saving. We show that this insurance can change the composition of saving as well because the reduction in labor-income risk may affect the amount of financial risk that an individual chooses to bear....
Persistent link: https://www.econbiz.de/10014102376
that a decrease of say unemployment probability or an increase in unemployment insurance (UI) generosity affects saving not …
Persistent link: https://www.econbiz.de/10009789000
The job finding rate of Unemployment Insurance (UI) recipients declines in the initial months of unemployment and then … effort. The panel structure allows us to observe how search effort evolves within individual over the unemployment spell. We …
Persistent link: https://www.econbiz.de/10012207491
-finding rates and the more standard view of negative effects. When unemployment compensation, if any, is low enough, we argue that … conclusion as well. Looking specifically at unemployment compensation, its optimal level is generally higher than when a lower …
Persistent link: https://www.econbiz.de/10012195781
transitions of workers with secondary and higher education. We focus on transitions from employment to unemployment and on job … Survey on Labour Participation and Unemployment (PLUS), we calculate three measures of vertical mismatch. This allows … unemployment risk, through a Routine Task Index (RTI) calculated on Italian data. Results indicate that mismatched workers are at …
Persistent link: https://www.econbiz.de/10012158785