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Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2005

the one hand, as wage uncertainty rises, so does the cost associated with missing insurance markets. On the other hand …

Persistent link: https://www.econbiz.de/10005123728

Wage Risk and Employment Risk Over the Life Cycle

Low, Hamish; Meghir, Costas; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2007

unemployment insurance which provides (partial) insurance against employment risk and no insurance against persistent shocks. …

Persistent link: https://www.econbiz.de/10005123649

The life-cycle and the business-cycle of wage risk — Cross-country comparisons

Bayer, Christian; Juessen, Falko - In: Economics Letters 117 (2012) 3, pp. 831-833

We provide evidence on life-cycle and business-cycle fluctuations in the dispersion of household-level wage innovations, comparing the US, the UK, and Germany. First, we find that household characteristics explain about 25% of the dispersion in wages within an age group in all three countries....

Persistent link: https://www.econbiz.de/10011041853

Longevity, life-cycle behavior and pension reform

Haan, Peter; Prowse, Victoria - Volkswirtschaftliche Fakultät, … - 2012

How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we use micro data to estimate a structural life-cycle model of individuals' employment, retirement and consumption decisions....

Persistent link: https://www.econbiz.de/10011112153

Longevity, life-cycle behavior and pension reform

Haan, Peter; Prowse, Victoria - In: Journal of Econometrics 178 (2014) P3, pp. 582-601

How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this question, we use micro data to estimate a structural life-cycle model of individuals’ employment, retirement and consumption decisions. We calculate that, in the...

Persistent link: https://www.econbiz.de/10010730119

Longevity, Life-cycle Behavior and Pension Reform

Prowse, Victoria; Haan, Peter - Department of Economics, Oxford University - 2011

How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking...

Persistent link: https://www.econbiz.de/10009190181