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277 results, from 271
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
SOEPpapers 609 / 2013

Long-Term Participation Tax Rates

Generous income support programs as provided by European welfare states have often been blamed to reduce work incentives for the lowskilled and to increase durations of unemployment. Standard studies measure work incentives based on annual income concepts. This paper analyzes work incentives inherent in the German tax-benefit system when extending the time horizon to three years (long-term). Participation ...

2013| Charlotte Bartels
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
Monographien

Unemployment and Portfolio Choice: Does Persistence Matter?

Households can rely on private savings or on public unemployment insurance to hedge against the risk of becoming unemployed. These hedging mechanisms are used differently across countries. In this paper, we use a life cycle model to study the effects of unemployment on the portfolio choice of households in the US and in Germany. We distinguish short- and long-term unemployment and find that, in case ...

Tübingen: IAW, 2011, 53 S.
(IAW Discussion Papers ; 77)
| Franziska Bremus, Vladimir Kuzin
FINESS Working Papers 4.5 / 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
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
Monographien

Distributional Effects of the European Emissions Trading System and the Role of Revenue Recycling: Empirical Evidence from Combined Industry- and Household-Level Data

We calculate the expected distributional effects of the European Emissions Trading System combining industry and household-level data. By combining data on direct CO2 emissions by production sector from the German Environmental Account with the German Input-Output Accounts, we calculate the CO2 intensity of each sector covered by the EU ETS. We focus on the impact of price increases in the electricity ...

Berlin: Freie Univ. Berlin, FB Wirtschaftswiss., 2012, 26 S.
(Discussion Paper / School of Business & Economics ; 2012,6)
| Johanna Cludius, Martin Beznoska, Viktor Steiner
277 results, from 271
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