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Preferences over jobs depend on wages and non-wage aspects. Variation in wealth may change the importance of income as … a motivation for working. Higher wealth levels may make good non-wage characteristics relatively more important. This … work in itself") is found to increase significantly after large windfall wealth gains in British panel data. Thus, wealth …
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provide a measure of wealth changes that is exogenous to households’ saving and labour supply. Our results point to … significant effects of wealth on hours of work and on whether or not agents leave their jobs. The magnitude of these effects can … be substantial, for example for those individuals who suffered larger wealth losses during the financial crisis. Family …
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We look at how strongly shocks to wealth affect labour supply, using Italian data. We use asset price shocks to provide … a measure of wealth changes that is exogenous to the household's saving and labour supply. Results point to significant … effects of wealth on: hours of work; whether agents leave their jobs; and, labour earnings. The magnitude of these effects can …
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children in the household. We also show that excluding wealth and savings from the analysis and estimation leads to …We develop and estimate a model of family job search and wealth accumulation. Individuals' job finding and job … separations depend on their partners' job turnover and wages as well as common wealth. We fit this model to data from the Survey …
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