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The rational expectations assumption, e.g. in life-cycle models and portfolio-choice models, prescribes agents to have model-consistent beliefs and to avoid systematic prediction errors. In reality, justi cation and identification of expectations are nontrivial. One way to solve this problem is...
Persistent link: https://www.econbiz.de/10012139064
, savings, and the labor supplies of all adult household members. We show that the optimal policy mix is dominated by moderately … generous social assistance, which guarantees a permanent universal minimum household income, with only a minor role for …
Persistent link: https://www.econbiz.de/10012108668
social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … Social Assistance, which provides a permanent universal household income oor, with a minor role for temporary earnings …-related Unemployment Insurance. Reecting that married couples obtain intra-household insurance by making labor supply choices for both …
Persistent link: https://www.econbiz.de/10010530687
by age, education, wealth, sex and household composition. In aggregate, social assistance dominates unemployment …
Persistent link: https://www.econbiz.de/10014286635
on heterogeneous labor market effects on the individual and on the household level and we study the distributional … implications using net household income. In this respect we extend the previous literature which mainly studied employment effects … larger employment effects for women who cannot rely on other income on the household level, e.g. women with a low income …
Persistent link: https://www.econbiz.de/10011902730