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Wage risk, employment risk and the rise in wage inequality
Mecikovsky, Ariel Matias; Wellschmied, Felix - 2016
We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply and job mobility. Across education groups permanent shocks to productivity have become more dispersed. Moreover, heterogeneity in pay across offered jobs has increased for...
Persistent link: https://www.econbiz.de/10011595910
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Wage risk, employment risk and the rise in wage inequality
Mecikovsky, Ariel Matias; Wellschmied, Felix - In: Essays on the macroeconomic consequences of …, (pp. 73-123). 2017
Persistent link: https://www.econbiz.de/10011719235
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Wage Risk, Employment Risk and the Rise in Wage Inequality
Mecikovsky, Ariel - 2017
We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply and job mobility. Across education groups permanent shocks to productivity have become more dispersed. Moreover, heterogeneity in pay across offered jobs has increased for...
Persistent link: https://www.econbiz.de/10012966057
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Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion
Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2005
the one hand, as wage uncertainty rises, so does the cost associated with missing insurance markets. On the other hand …
Persistent link: https://www.econbiz.de/10005123728
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Wage Risk and Employment Risk Over the Life Cycle
Low, Hamish; Meghir, Costas; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2007
unemployment insurance which provides (partial) insurance against employment risk and no insurance against persistent shocks. …
Persistent link: https://www.econbiz.de/10005123649
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How important is precautionary labor supply?
Jessen, Robin; Rostam-Afschar, Davud; Schmitz, Sebastian - 2016
We quantify the importance of precautionary labor supply using data from the German Socio- Economic Panel (SOEP) for 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married men choose about 2.5% of their hours of work or one week...
Persistent link: https://www.econbiz.de/10011483369
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How important is precautionary labor supply?
Jessen, Robin; Rostam-Afschar, Davud; Schmitz, Sebastian - 2016
We quantify the importance of precautionary labor supply using data from the German Socio- Economic Panel (SOEP) for 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married men choose about 2.5% of their hours of work or one week...
Persistent link: https://www.econbiz.de/10011497245
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How important is precautionary labor supply?
Jessen, Robin; Rostam-Afschar, Davud; Schmitz, Sebastian - 2016
We quantify the importance of precautionary labor supply using data from the German Socio-Economic Panel (SOEP) for 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married men choose about 2.5% of their hours of work or one week...
Persistent link: https://www.econbiz.de/10011509341
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How important is precautionary labor supply?
Jessen, Robin; Rostam-Afschar, Davud; Schmitz, Sebastian - 2016
We quantify the importance of precautionary labor supply using data from the German Socio- Economic Panel (SOEP) for 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married men choose about 2.5% of their hours of work or one week...
Persistent link: https://www.econbiz.de/10011483095
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How important is precautionary labor supply?
Jessen, Robin; Rostam-Afschar, Davud; Schmitz, Sebastian - 2016 - This version: June 3, 2016
We quantify the importance of precautionary labor supply using data from the German Socio-Economic Panel (SOEP) for 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married men choose about 2.5% of their hours of work or one week...
Persistent link: https://www.econbiz.de/10011509111