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wealth decreases, a finding which is in accordance with our empirical duration analysis using micro data on unemployment … positive duration dependence over unemployment spells via its inverse relationship with the worker s wealth. …In this paper we consider a risk averse worker who is moving back and forth between employment and unemployment …
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In this paper we consider a risk averse worker who is moving back and forth between employment and unemployment … characterize the worker`s optimal savings and jobsearch behavior as well as the resulting consumption paths and wealth formation …
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effects on job finding ; unemployment duration … the husband finds a job. This is so despite the fact that greater own wealth also prolongs unemployment spells for men …
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the husband finds a job. This is so despite the fact that greater own wealth also prolongs unemployment spells for men …
Persistent link: https://www.econbiz.de/10013318497
The paper estimates a job search model with savings on Danish microdata that include observations on wealth and wages … unemployment spells to the model implied hazard rate for each worker. The model estimates are sensible and fit the data well …
Persistent link: https://www.econbiz.de/10005085589
) entitlement leads to longer unemployment duration. Most of those studies have examined special programs that provide extra weeks … unemployment duration among UI claimants observed in these cases is due to the extended benefits or to the adverse labor market …Many empirical studies have confirmed the theoretical prediction that longer-term Unemployment Insurance (UI …
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