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We analyse the pattern of work and other labour market states, such as unemployment and out-of-labour-force, over the life course, by making use of a long retrospective panel of older Europeans. Based on stochastic simulations of a reduced form transition probability model, we document to what...
Persistent link: https://www.econbiz.de/10012253166
Wage inequality has been significantly higher in the United States than in continental European countries (CEU) since the 1970s. Moreover, this inequality gap has further widened during this period as the US has experienced a large increase in wage inequality, whereas the CEU has seen only...
Persistent link: https://www.econbiz.de/10003902623
This paper compares patterns of private school attendance in the UK and Australia. About 6.5% of school children in the … UK attend a private school, while 33% do so in Australia. We use comparable household panel data from the two countries … parents attended one in the UK, and anywhere up to 20 percentage points more likely in Australia. The analysis also reveals …
Persistent link: https://www.econbiz.de/10008657856
Income contingent loans are an increasingly popular tool for funding higher education. These loans have desirable features, but also potentially high overall government write-offs in the long run. This latter fact has been well documented, but little is known about how those write-offs vary by...
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Whether higher lifetime income households do save a larger share of their income is one of the longstanding empirical questions in economics that has been surprisingly difficult to answer. We use both consumption data and a new dataset containing both individual survey data on wealth holdings...
Persistent link: https://www.econbiz.de/10010222359