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Displaying results 1 to 10 of 10.

  1. Dual returns to experience
    Author: Garcia-Louzao, Jose; Hospido, Laura; Ruggieri, Alessandro
    Published: 2022
    Publisher:  Lietuvos Bankas, Vilnius

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 550
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers series / Lietuvos Bankas ; No.2022,102
    Subjects: labor market duality; human capital; earnings dynamics
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  2. Financial turmoil and earnings mobility
    Author: Naguib, Costanza
    Published: [2022]
    Publisher:  Universität Bern, Faculty of Business, Economics and Social Sciences, Department of Economics, Bern, Switzerland

    We analyze how earnings dynamics changed in the US after the financial crisis of 2007- 2009. Differently from most models for earnings mobility, we allow persistence patters to depend semi-nonparametrically on both the past individual position in the... more

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    We analyze how earnings dynamics changed in the US after the financial crisis of 2007- 2009. Differently from most models for earnings mobility, we allow persistence patters to depend semi-nonparametrically on both the past individual position in the distribution and on a set of individual-level covariates. Allowing for more flexibility in the model yields a better fit to the data and permits us to uncover changes in earnings mobility patterns that would otherwise remain hidden. Indeed, at the aggregate level, we find no evidence of changes in individual positional persistence in any part of the earnings distribution after the crisis, both with the parametric and with the semi-nonparametric model. However, the semi-nonparametric copula allows us to uncover an increase in earnings mobility for 45-year-old workers with college degree after the crisis.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/266513
    Edition: This version: January 2022
    Series: Discussion papers / Universität Bern, Faculty of Business, Economics and Social Sciences, Department of Economics ; 22, 08 (January, 2022)
    Subjects: earnings dynamics; positional persistence; financial crisis; functional copula model; semi-nonparametric estimation
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  3. Consumption choices and earnings expectations
    empirical evidence and structural estimation
    Author: Stoltenberg, Christian; Uhlendorff, Arne
    Published: [2022]
    Publisher:  Tinbergen Institute, Amsterdam, The Netherlands

    In this paper, we document that households' consumption expenditures depend on their expected earnings - even after controlling for realized earnings and wealth. To explain this evidence, we develop and structurally estimate a standard-incomplete... more

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    DS 432
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    In this paper, we document that households' consumption expenditures depend on their expected earnings - even after controlling for realized earnings and wealth. To explain this evidence, we develop and structurally estimate a standard-incomplete markets model in which rational households possess private advance information on their future earnings. We find that households are better informed about their future earnings than an econometrician and that individual expectations are more relevant for the consumption choices of households in the left tail of the wealth distribution. Furthermore, households with advance information prefer less progressive earnings taxes.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/263969
    Series: Array ; TI 2022, 049
    Subjects: Private information; household consumption; earnings dynamics; incomplete markets; subjective expectations
    Scope: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  4. Consumption choices and earnings expectations
    empirical evidence and structural estimation
    Author: Stoltenberg, Christian; Uhlendorff, Arne
    Published: [2022]
    Publisher:  Center for Research in Economics and Statistics, Palaiseau, France

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    VS 647
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Center for Research in Economics and Statistics ; 2022, no. 15 (August 2022)
    Subjects: Private information; household consumption; earnings dynamics; incomplete markets; subjective expectations
    Scope: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  5. Top earners
    a labor productivity process
    Author: Campanale, Claudio; Fernandez-Bastidas, Rocio
    Published: [2022]
    Publisher:  Università degli studi di Torino, [Torino]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 651
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Department of Economics and Statistics working paper series ; no. 74 (May 2022)
    Subjects: top earners; earnings dynamics; heterogeneous income growth
    Scope: 1 Online-Ressource (circa 13 Seiten), Illustrationen
  6. Dual returns to experience
    Author: Garcia-Louzao, Jose; Hospido, Laura; Ruggieri, Alessandro
    Published: October 2022
    Publisher:  CESifo, Munich, Germany

    In this paper we study how labor market duality affects human capital accumulation and wage trajectories of young workers. Using rich administrative data for Spain, we follow workers since their entry into the labor market to measure experience... more

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    In this paper we study how labor market duality affects human capital accumulation and wage trajectories of young workers. Using rich administrative data for Spain, we follow workers since their entry into the labor market to measure experience accumulated under different contractual arrangements and we estimate their wage returns. We document lower returns to experience accumulated in fixed-term contracts compared to permanent contracts and show that this difference is neither due to unobserved firm heterogeneity nor match quality. Instead, we provide evidence that the gap in returns is due to lower human capital accumulation while working under fixed-term contracts. In line with skill-learning complementarity, our results suggest that the widespread use of fixed-term work arrangements reduces skill acquisition of high-skilled workers, holding back life-cycle wage growth by up to 16 percentage points after 15 years since labor market entry.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/267265
    Series: CESifo working papers ; 10032 (2022)
    Subjects: labor market duality; human capital; earnings dynamics
    Scope: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  7. Dual returns to experience
    Author: Garcia-Louzao, Jose; Hospido, Laura; Ruggieri, Alessandro
    Published: 2022
    Publisher:  Banco de España, Madrid

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 470
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Documentos de trabajo / Banco de España, Eurosistema ; no. 2211
    Subjects: labor market duality; human capital; earnings dynamics
    Scope: 1 Online-Ressource (circa 95 Seiten), Illustrationen
  8. Consumption choices and earnings expectations
    empirical evidence and structural estimation
    Author: Stoltenberg, Christian; Uhlendorff, Arne
    Published: July 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    In this paper, we document that households’ consumption expenditures depend on their expected earnings - even after controlling for realized earnings and wealth. To explain this evidence, we develop and structurally estimate a standard-incomplete... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 4
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    In this paper, we document that households’ consumption expenditures depend on their expected earnings - even after controlling for realized earnings and wealth. To explain this evidence, we develop and structurally estimate a standard-incomplete markets model in which rational households possess private advance information on their future earnings. We find that households are better informed about their future earnings than an econometrician and that individual expectations are more relevant for the consumption choices of households in the left tail of the wealth distribution. Furthermore, households with advance information prefer less progressive earnings taxes.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/263659
    Series: Discussion paper series / IZA ; no. 15443
    Subjects: private information; household consumption; earnings dynamics; incomplete markets; subjective expectations
    Scope: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  9. Differences set in stone
    evidence on the inequality-mobility trade off in Italy
    Author: Subioli, Francesca; Raitano, Michele
    Published: 2022 December
    Publisher:  ECINEQ, Society for the Study of Economic Inequality, [Verona]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 726
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / ECINEQ, Society for the Study of Economic Inequality ; 633 (2022)
    Subjects: Earnings inequality; Great Gatsby curve; intragenerational mobility; earnings dynamics; unequal mobility; Italy
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  10. Richer earnings dynamics, consumption and portfolio choice over the life cycle
    Author: Gálvez, Julio; Paz Pardo, Gonzalo
    Published: 2022
    Publisher:  Banco de España, Madrid

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 470
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Documentos de trabajo / Banco de España, Eurosistema ; no. 2241
    Subjects: portfolio choice; life cycle; earnings dynamics; household finances; simulated method of moments
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen