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Employment Duration and Shifts into Retirement in the EU

Aranki, Ted - 2013

determinants of retirement based on the Eurostat Survey on Income and Living Conditions (EU-SILC). Applying standard survivor … analysis tools to describe exits into retirement, we do not find any significant differences in the patterns into retirement … between the average euro area and EU non-euro area countries. Moreover, we find that shifts into retirement have increased …

Persistent link: https://www.econbiz.de/10013086839

Macroeconomic Uncertainty and the Impact of Oil Shocks

Van Robays, Ine - 2014

This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a structural threshold VAR model, we endogenously identify different regimes of uncertainty in which we estimate the effects of oil demand and supply shocks. The results show that...

Persistent link: https://www.econbiz.de/10013065408

Forecasting Macroeconomic Risk in Real Time : Great and Covid-19 Recessions

De Santis, Roberto A. - 2020

additional insights on both first and higher moments of the GDP growth distribution. If a recession is due to an unforeseen shock …

Persistent link: https://www.econbiz.de/10012829414

Labor Supply after Transition : Evidence from the Czech Republic

Bicakova, Alena - 2008

We extend the scarce evidence on labor supply in post-transition countries by estimating the wage elasticity of labor force participation in the Czech Republic. Using the household income survey data of 2002, we find that a one-percent rise in the gross wage increases the probability of working...

Persistent link: https://www.econbiz.de/10012772409

Consumption Inequality and Family Labor Supply

Blundell, Richard W. - 2014

In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for the dynamics of consumption, hours, and earnings...

Persistent link: https://www.econbiz.de/10013057673

Aging and Pension Reform : Extending the Retirement Age and Human Capital Formation

Vogel, Edgar - 2012

, endogenous human capital formation and increasing the retirement age. Our quantitative finding is that openness has a relatively … mild effect. In contrast, endogenous human capital formation in combination with an increase in the retirement age has …

Persistent link: https://www.econbiz.de/10013100571

Firm Responses to Employment Subsidies : A Regression Discontinuity Approach to the 2012 Spanish Labour Market Reform

Gamberoni, Elisa - 2017

This study focuses on the employment effect of a hiring subsidy available to firms with less than 50 employees, granted … discontinuity design, estimates show on average 2 percentage points higher employment growth for firms that became eligible for the … scheme. However, tests and complementary regressions suggest that the higher employment growth for smaller firms in 2013 is …

Persistent link: https://www.econbiz.de/10012965549

Global Impacts of Us Monetary Policy Uncertainty Shocks

Lastauskas, Povilas; Minh, Anh - 2021

We build a new empirical model to estimate the global impact of an increase in the volatility of US monetary policy shocks. Specifically, we admit time-varying variances of local structural shocks from a stochastic volatility specification. By allowing for rich dynamic interaction between the...

Persistent link: https://www.econbiz.de/10013243822

Sectoral Output Effects of Monetary Policy : Do Sticky Prices Matter?

Henkel, Lukas - 2021

This paper studies the role of sticky prices for the monetary transmission mechanism, using disaggregated industry-level data from 205 US industries. There is substantial heterogeneity in the output responses of industries to monetary policy surprises. I show that an industry's response to...

Persistent link: https://www.econbiz.de/10013315283

Lending Standards and Macroeconomic Dynamics

Gete, Pedro - 2021

rate sufficiently compensates banks for the borrowers’ default risk. Firms denied credit cut employment and labor …

Persistent link: https://www.econbiz.de/10013315376