We show that social disability insurance may better society-wide welfare even when there is a perfect private market for similar insurance. In essence, the public system complements the private. The latter cover risks when personal characteristics are known, whereas the first mitigates effects...

In a large representative sample of young Norwegian workers, we estimate gross transitions to unemployment, education, and other exits in a multinomial logit. In line with received literature, we find that individuals with high education, experience, and income have significantly lower...

This paper examines the potential effect of marital disruption on intergenerational earnings mobility. We observe the earnings of children born in 1960 and 1970 along with their biological fathers and mothers. The earnings mobility between sons and daughters relative to the earnings of their...