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In many countries, social security insures firms against their workers' sickness absences. The insurance may create a moral hazard for firms, leading to inefficient monitoring of absences or to an underinvestment in the prevention of absences. We exploit an administrative threshold in the...
Persistent link: https://www.econbiz.de/10013050299
adjustments ('moral hazard') into contagious presenteeism and noncontagious absenteeism behavior and derives testable conditions …
Persistent link: https://www.econbiz.de/10012984762
, which was particularly strong in the second half of the 90s, is a major aspect of the downward trends in unemployment and … and the unemployment rate, because a nonparticipant who wants to work has (i) a higher probability of entering the labor … force (compared to other nonparticipants), and (ii) a higher probability of joining unemployment conditional on entering the …
Persistent link: https://www.econbiz.de/10013021465
Social welfare programs in the United States are designed to serve as safety nets for people in hard times, in contrast with the universal approach found in many other developed western nations. In a survey of Cliometric studies of social welfare programs in the U.S., we examine the variation in...
Persistent link: https://www.econbiz.de/10013148318
We show that Covid-19 illnesses persistently reduce labor supply. Using an event study, we estimate that workers with week-long Covid-19 work absences are 7 percentage points less likely to be in the labor force one year later compared to otherwise-similar workers who do not miss a week of work...
Persistent link: https://www.econbiz.de/10014077152
We estimate the magnitudes of reduced earnings, work hours, and wage rates of workers displaced during the Great Recession using linked employer-employee panel data from Washington State. Displaced workers' earnings losses occurred mainly because hourly wage rates dropped at the time of...
Persistent link: https://www.econbiz.de/10012929564
The social security payroll tax has become the largest tax paid by the majority of American households. Although, the statutory marginal social security tax rate is the same for all those with wage and salary income up to the maximum level, the complex rules linking social security taxes and...
Persistent link: https://www.econbiz.de/10013125819
This paper shows that, contrary to commonly held views, the provisions of the social security law actually provide strong work incentives for older men. The reason is that, for most workers, higher current earnings lead to higher future social security benefits. These incentives have been...
Persistent link: https://www.econbiz.de/10013219325
We describe the historical evolution of the Spanish Social Security system and its current organization. Our attention concentrates on the main public pension scheme for private employees in the manufacturing and service sector (RGSS) which covers by far the largest majority of Spanish workers....
Persistent link: https://www.econbiz.de/10013234347
Many provisions of the Social Security Program distort an individual's labor supply incentives. In particular, the payroll tax, the earnings test, the offsetting actuarial adjustment, and the dependence of the size of future benefits on the level of current earnings all affect the net return to...
Persistent link: https://www.econbiz.de/10013240573