257 results, from 251

The Design of Unemployment Transfers: Evidence from a Dynamic Structural Life-Cycle Model

Bonn: IZA, 2010, 38 S.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 4792)
| Peter Haan, Victoria Prowse
Diskussionspapiere 986 / 2010

The Design of Unemployment Transfers: Evidence from a Dynamic Structural Life-Cycle Model

In this paper we use a dynamic structural life-cycle model to analyze the employment, fiscal and welfare effects induced by unemployment insurance. The model features a detailed specification of the tax and transfer system, including unemployment insurance benefits which depend on an individual's employment and earnings history. The model also captures the endogenous accumulation of experience which ...

2010| Peter Haan, Victoria Prowse
Externe referierte Aufsätze

The Effects of Income Taxation on Severance Pay

Severance pay often results from a bargain between the firm and the employee to avoid or terminate a legal conflict. We theoretically investigate how income taxation affects these negotiations. Using panel data from West Germany and exploiting a change in tax law in 1999, we find that a higher income tax on severance pay reduces the probability of obtaining it and - in some specifications - also lowers ...

In: Labour Economics 16 (2009), 1, S. 107-118 | Laszlo Goerke, Markus Pannenberg
Diskussionspapiere 427 / 2004

Fiscal Policy Rules for Stabilisation and Growth: A Simulation Analysis of Deficit and Expenditure Targets in a Monetary Union

We analyse the effectiveness of fiscal policy rules for business cycle stabilisation in a monetary union using a quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range of supply, demand and fiscal shocks. Their effects are evaluated by their impact on prices and output. The analysis demonstrates that in general the deficit target ...

2004| Tilman Brück, Rudolf Zwiener
Diskussionspapiere 625 / 2006

Tax and Benefit Reforms in a Model of Labour Market Transitions

We present a method for taking advantage of labour market transitions to identify effects of financial incentives on employment decisions. The framework we use is very flexible and by imposing few theoretical assumptions allows extending the modelled sample relative to struc-tural models. We take advantage of this flexibility to include disabled people in the model and to analyse behaviour of disabled ...

2006| Michal Myck, Howard Reed
Diskussionspapiere 1057 / 2010

Profitability of Pension Contributions: Evidence from Real-Life Employment Biographies

Micro-econometric intra-cohort profitability analyses of pay-as-you-go (PAYG) pension contributions are rare. We use representative employment histories of a birth cohort of German PAYG pension insurants retiring in year 2005 to econometrically examine the determinants of the profitability of such contributions using nominal internal rates of return (IRR) as profitability measure. When future nominal ...

2010| Carsten Schröder
Diskussionspapiere 978 / 2010

Unemployment and Portfolio Choice: Does Persistence Matter?

We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using Markov chains to model the transition between different employment states. In contrast to most models in the ...

2010| Vladimir Kuzin, Franziska Bremus
257 results, from 251