Life Cycle Labor Supply Decisions
DOWNLOAD
Download Life Cycle Labor Supply Decisions PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Life Cycle Labor Supply Decisions book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Life Cycle Labor Supply Decisions
DOWNLOAD
Author : Kathy Jo Krynski
language : en
Publisher:
Release Date : 1987
Life Cycle Labor Supply Decisions written by Kathy Jo Krynski and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with categories.
Estimation Of A Life Cycle Model With Human Capital Labor Supply And Retirement
DOWNLOAD
Author : Xiaodong Fan
language : en
Publisher:
Release Date : 2022
Estimation Of A Life Cycle Model With Human Capital Labor Supply And Retirement written by Xiaodong Fan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with Human capital categories.
We develop and estimate a life-cycle model in which individuals make decisions about consumption, human capital investment, and labor supply and use it to analyze changes in Social Security rules. The most important aspect of our paper is human capital towards the end of the life cycle which responds to changes in the rules. Retirement arises endogenously as part of the labor supply decision. The model allows for both an endogenous wage process through human capital investment (which is typically assumed exogenous in the retirement literature), an endogenous retirement decision (which is typically assumed exogenous in the human capital literature), and accounts for the Social Security system. We estimate the model using indirect inference to match the life-cycle profiles of employment and measured wages from the SIPP data. The model replicates the main features of the data--in particular the large increase in measured wages and small increase in labor supply at the beginning of the life cycle as well as the small decrease in measured wages but large decrease in labor supply at the end of the life cycle. We use the model to estimate the effects of various changes to tax and Social Security policies and show that allowing for human capital accumulation is critical.
Female Labor Supply And Marital Status Decisions A Life Cycle Model
DOWNLOAD
Author : Wilbert van der Klaauw
language : en
Publisher:
Release Date : 1993
Female Labor Supply And Marital Status Decisions A Life Cycle Model written by Wilbert van der Klaauw and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
Business Cycle Fluctuations And The Life Cycle
DOWNLOAD
Author : Gary Duane Hansen
language : en
Publisher:
Release Date : 2007
Business Cycle Fluctuations And The Life Cycle written by Gary Duane Hansen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Employees categories.
We study the effects of on-the-job skill accumulation on average hours worked by age and the volatility of hours over the life cycle in a calibrated general equilibrium model. Two forms of skill accumulation are considered: learning by doing and on-the-job training. In our economy with learning by doing, individuals supply more labor early in the life cycle and less as they approach retirement than they do in an economy without this feature. The impact of this feature on the volatility of hours over the life cycle depends on the value of the intertemporal elasticity of labor supply. When individuals accumulate skills by on-the-job training, there are only weak effects on both the steady-state labor supply and its volatility over the life cycle.
The Impact Of Household Preferences For Leisure On Life Cycle Labor Supply Decisions
DOWNLOAD
Author : Jerry Allen Lebo
language : en
Publisher:
Release Date : 1992
The Impact Of Household Preferences For Leisure On Life Cycle Labor Supply Decisions written by Jerry Allen Lebo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Labor supply categories.
A Life Cycle Model Of Labor Supply And Fertility Choice For Married Women In Taiwan
DOWNLOAD
Author : Huoying Wu
language : en
Publisher:
Release Date : 1996
A Life Cycle Model Of Labor Supply And Fertility Choice For Married Women In Taiwan written by Huoying Wu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Ecomonics model categories.
How Mandatory Pensions Affect Labor Supply Decisions And Human Capital Accumulation Options To Bridge The Gap Between Economic Theory And Policy Analysis
DOWNLOAD
Author : Andras Bodor
language : en
Publisher:
Release Date : 2008
How Mandatory Pensions Affect Labor Supply Decisions And Human Capital Accumulation Options To Bridge The Gap Between Economic Theory And Policy Analysis written by Andras Bodor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Mandatory pension systems can have a negative impact on individual savings and labor supply decisions. In particular, defined benefit pension schemes that are not actuarially fair, can create incentives for early retirement, and therefore, reduce labor supply and the stock of human capital. After a review of frequently applied approaches to assess the incentives generated by a pension system, the paper develops an indicator to predict the age-specific retirement probabilities induced by a particular pension system given heterogeneous individual preferences. The paper then describes how this indicator could be used to project the size of the labor force by gender, age and skill level, and correspondingly, the dynamics of human capital accumulation. Finally, the paper develops a set of life-cycle income measures to assess how the pension system affects decisions regarding the supply of labor in the public and private sectors. The methods are illustrated in the case of Morocco.
The Cyclical Labor Supply Response Of Married Women And Disequilibrium Unemployment
DOWNLOAD
Author : Timothy John Maloney
language : en
Publisher:
Release Date : 1983
The Cyclical Labor Supply Response Of Married Women And Disequilibrium Unemployment written by Timothy John Maloney and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Employment (Economic theory) categories.
The Effect Of Labor Market Shocks Across The Life Cycle
DOWNLOAD
Author : Kjell G. Salvanes
language : en
Publisher:
Release Date : 2022
The Effect Of Labor Market Shocks Across The Life Cycle written by Kjell G. Salvanes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with Human capital categories.
Adverse economic shocks occur frequently and may cause individuals to reevaluate key life decisions in ways that have lasting consequences for themselves and the broader economy. These life decisions are fundamentally tied to specific periods of an individual's career, and economic shocks may therefore have substantially different impacts on individuals -- and the broader economy -- depending on when they occur. We exploit mass layoffs and establishment closures to examine the impact of adverse shocks across the life cycle on labor market outcomes and major life decisions: human capital investment, mobility, family structure, and retirement. Our results reveal substantial heterogeneity on labor market effects and life decisions in response to economic shocks across the life cycle. Individuals at the beginning of their careers invest in human capital and relocate to new local labor markets, individuals in the middle of their careers reduce fertility and adjust family formation decisions, and individuals at the end of their careers permanently exit the workforce and retire. As a consequence of the differential interactions between economic shocks and life decisions, the very long-term career implications of labor shocks vary considerably depending on when the shock occurs. We also document important heterogeneity across genders and education levels, both with respect to the immediate impact as well as the sum total of all these effects in the very long-term. We conclude that effects of adverse labor shocks are both more varied and more extensive than has previously been recognized, and that focusing on average effects among workers across the life cycle misses a great deal.
Three Essays In Life Cycle Labor Supply And Human Capital Formation
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2016
Three Essays In Life Cycle Labor Supply And Human Capital Formation written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This dissertation consists of three independent essays on earnings dynamics, educational production function, and retirement. Each chapter explains labor supply and human capital formation from a life-cycle perspective. In the first chapter, I investigate how two different kinds of uncertainty jointly affect young workers' decisions. This paper introduces the possibility of multidimensional learning about worker ability and job match quality into a model of work decisions. This mechanism has a unique prediction, negative sorting into job mobility that fades away over time, which is verified in the NLSY79 data if the AFQT score carries over some information unused by workers and employers. I estimate the structural model, which also has flexible skill accumulation, by indirect inference. From simulation results on earnings dynamics, I find that the contribution of job shopping to average earnings growth is higher than previous estimates; also, individual heterogeneity in earnings growth is mostly explained by the process of resolving uncertainties. In the second chapter, which is joint work with Keunkwan Ryu, we estimate the effects of high school class size on college entrance exam scores, using Korean administrative data. For the identification, we exploit quasi-experimental variation in class size arising from distinct institutional settings in Korea: especially, students are separately educated by major from grade 11 with different class sizes between majors. By using multi-level differencing and instrumental variable techniques, we find the effects of high school class size reduction on the test scores are positive but small. In the third chapter, I examine the effects of life expectancy on retirement and related decisions. I construct a structural model which has a realistic description of complicated dynamic incentives facing the elderly, including Social Security. Furthermore, individual heterogeneity in survival beliefs are flexibly modeled, directly using subjective survival probabilities in the Health and Retirement Study (HRS) data. The estimated model suggests that many people in the data believed their wealth was over-annuitized; they would have chosen to work and save less if their average life expectancy had increased. This result partially explains the early retirement puzzle in the last century.