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We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …
Persistent link: https://www.econbiz.de/10011572286
through 2001, we analyse the impact of wealth, savings, and debt position on job exit rates. We find evidence for a positive …In the literature theoretical models have appeared that predict a positive impact of the level of individual wealth on … to accumulate wealth throughout their working life and whose residual working life is relatively short. In the …
Persistent link: https://www.econbiz.de/10003355646
Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly … workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore … (marginal) effect of wealth on the job exit rate. But even with a rich set of regressors the question remains whether there are …
Persistent link: https://www.econbiz.de/10003666470
wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic … decades. -- savings ; wealth ; demographic change …
Persistent link: https://www.econbiz.de/10009539225
-facilitated Life Course Savings Scheme and who increase private savings to fully counter the impact of the drop in public wealth. A …In January 2006, the Dutch government implemented a pension reform that substantially reduced the public pension wealth … of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that substantially …
Persistent link: https://www.econbiz.de/10011876086
Intuitively, by increasing the opportunity cost of engaging in criminal activities, positive economic shocks should reduce crime. However, the empirical evidence on the relationship between economic shocks and criminal behavior is at best ambiguous. This may be because certain types of shocks...
Persistent link: https://www.econbiz.de/10012800583
The concentration of women in the teaching profession is widely noted and generally attributed to gender differences in preferences and social roles. Further, gender segregation exists within this profession - women make up almost all of the primary and pre-primary teaching cohorts, while men...
Persistent link: https://www.econbiz.de/10011958488
Men have fallen behind women in education in developed countries. Why? I study the impact of a transitory increase in the opportunity cost of schooling on men's and women's educational attainment. I exploit a reform in Iceland that lowered income taxes to zero for one year and compare teenagers...
Persistent link: https://www.econbiz.de/10014249834
This paper shows that the opportunity costs resulting from economic interdependence decrease the equilibrium probability of war in an incomplete information game. This result is strongly consistent with existing empirical analyses of the inverse trade-conflict relationship, but is the opposite...
Persistent link: https://www.econbiz.de/10003784394
The nursing labor market presents an apparent puzzle. Hospitals report chronic shortages, yet standard wage analysis shows that nursing wages have increased over time and greatly exceed those received by other college-educated women. This paper addresses this puzzle. Data from the Current...
Persistent link: https://www.econbiz.de/10003777937