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Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate...
Persistent link: https://www.econbiz.de/10012314266
is declining while that of the highly educated is rising. This study estimates the impact of cohort size on wages using … effect of cohort size on individual wages rather than on the average wage of a specific age-education group which allows … controlling for potentially confounding effects at the individual level. The effect of cohort size on male wages is identified …
Persistent link: https://www.econbiz.de/10011534677
I investigate causal machine learning (CML) methods to estimate effect heterogeneity by means of conditional average treatment effects (CATEs). In particular, I study whether the estimated effect heterogeneity can provide evidence for the theoretical labour supply predictions of Connecticut's...
Persistent link: https://www.econbiz.de/10012232107
Will the projected decline in the youth share of European countries' populations alleviate the currently high levels of youth unemployment in Europe? Economic theory predicts that in the absence of perfectly competitive labour markets, changes in the relative size of age groups will cause...
Persistent link: https://www.econbiz.de/10011487782
This paper analyzes the persistence of the shock caused by the American Civil War on the relative city size distribution of the United States. Our fi ndings suggest that the effects of this shock were permanent, which sharply contrasts with previous results regarding World War II for Japanese...
Persistent link: https://www.econbiz.de/10011530199
In the 1990s polytechnic education reform took place in Finland, which gradually expanded higher education to all Finnish regions; the polytechnics constituted a new non-university sector in higher education. This reform is used to study the causal effect of education on the inter-regional...
Persistent link: https://www.econbiz.de/10011575112
Recently, there has been wide interest in the "economics" of population aging. Demographic change has crucial consequences for economic behavior; it e.g. implies that consumption and investment decisions vary over the life-cycle. The latter has important implications for economic growth, whereas...
Persistent link: https://www.econbiz.de/10011575588
There is an extensive literature examining the determinants of self-employment. These studies have mainly failed to account for the differences in entrepreneurial spirit across countries. This paper explores the role of culture in self-employment by exploiting variation in historical...
Persistent link: https://www.econbiz.de/10011711520
Spatial and transport planners, authorities, real estate developers, investors, re-locating residents and businesses have different questions related to space and transport. These questions may concern specific land parcels, or cover a much larger area such as a city, a region, or even a whole...
Persistent link: https://www.econbiz.de/10011490599
The presentation intends to analyse population change in Romania after 1989 in a regional prospective. Absolute population change and the changes in the age structure as well as internal and international migrations are put into relation to the labour market changes. In the last two decades the...
Persistent link: https://www.econbiz.de/10011513968