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It is well known that unemployment benefits raise unemployment durations. This result has traditionally been interpreted as a substitution effect caused by a distortion in the price of leisure relative to consumption, leading to moral hazard. This paper questions this interpretation by showing...
Persistent link: https://www.econbiz.de/10012466911
One goal of extending the duration of unemployment insurance (UI) in recessions is to increase UI coverage in the face of longer unemployment spells. Although it is a common concern that such extensions may themselves raise nonemployment durations, it is not known how recessions would affect the...
Persistent link: https://www.econbiz.de/10012460845
Some anti-discrimination laws have the perverse effect of harming the very class they were meant to protect. This paper provides evidence that age discrimination laws belong to this perverse class. Prior to the enforcement of the federal law, state laws had little effect on older workers,...
Persistent link: https://www.econbiz.de/10012466621
retirement, with about one in seven men and one in nine women ages 60 to 64 now enrolled in the program. This study explores how … financial incentives from Social Security and DI affect retirement decisions, using an option value approach. We find that … financial incentives have a significant effect on retirement, particularly for those in poor health or with low education, who …
Persistent link: https://www.econbiz.de/10012457750
This paper considers the potential relationship between providing care for grandchildren and retirement, among women … nearing retirement age. Using 47,400 person-wave observations from the Health and Retirement Study (HRS), we find the arrival … of a new grandchild is associated with a more than eight percent increase in the retirement hazard despite little overall …
Persistent link: https://www.econbiz.de/10012457910
individual's retirement behavior would have been if only one retirement route had existed and in the absence of constraints on … work capabilities. We show that average years of work between 55 and 64 are nearly 14% greater when regular retirement …We analyze the influence of health and financial incentives on the retirement behavior of older workers in France …
Persistent link: https://www.econbiz.de/10012458634
American women are working more, through their sixties and even into their seventies. Their increased participation at older ages started in the late 1980s before the turnaround in older men's labor force participation and the economic downturns of the 2000s. The higher labor force participation...
Persistent link: https://www.econbiz.de/10012456072
ages. Using data from both the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS), we …. When we explore the reasons for delayed retirement among older women, factors include education, more marital disruption … retirement planning include having more education and greater financial literacy. Those who report excessive amounts of debt and …
Persistent link: https://www.econbiz.de/10012456073
We present quasi-experimental evidence on the effects of increasing the Early Retirement Age (ERA) on older workers …' retirement decisions. The analysis is based on social security reforms in Austria in 2000 and 2004, and administrative data …
Persistent link: https://www.econbiz.de/10012456118
This paper provides the first evidence that value-added education accountability schemes induce dynamic distortions. Extending earlier dynamic moral hazard models, I propose a new test for ratchet effects, showing that classroom inputs are distorted less when schools face a shorter horizon over...
Persistent link: https://www.econbiz.de/10012458749