D. Cesarini, Erik Lindqvist, Matthew J. Notowidigdo, R. Ostling
{"title":"The Effect of Wealth on Individual and Household Labor Supply: Evidence from Swedish Lotteries","authors":"D. Cesarini, Erik Lindqvist, Matthew J. Notowidigdo, R. Ostling","doi":"10.1257/AER.20151589","DOIUrl":"https://doi.org/10.1257/AER.20151589","url":null,"abstract":"We study the effect of wealth on labor supply using the randomized assignment of monetary prizes in a large sample of Swedish lottery players. We find winning a lottery prize modestly reduces labor earnings, with the reduction being immediate, persistent, and similar by age, education, and sex. A calibrated dynamic model of individual labor supply implies an average lifetime marginal propensity to earn out of unearned income of -0.11, and labor-supply elasticities in the lower range of previously reported estimates. The earnings response is stronger for winners than their spouses, which is inconsistent with unitary household labor supply models.","PeriodicalId":170522,"journal":{"name":"ERN: Other European Economics: Labor & Social Conditions (Topic)","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132937032","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Have Households Under-Saved for Retirement?","authors":"Rowena Crawford, C. O'Dea","doi":"10.2139/ssrn.2743091","DOIUrl":"https://doi.org/10.2139/ssrn.2743091","url":null,"abstract":"There is a common perception that households are under-saving for retirement - indeed this has motivated many recent policy reforms in the UK. In this paper we use a structural model, specified to closely match the UK policy environment, to investigate this ‘fact’ for the cohort born in the 1940s. Using the model and administrative data linked with survey data from the English Longitudinal Study of Aging, an optimal level of wealth is calculated for each household. This is then compared to the levels of wealth observed in the data. Our results show that the vast majority of households in this cohort actually hold far greater wealth than is necessary to maintain their living standards into and through retirement.","PeriodicalId":170522,"journal":{"name":"ERN: Other European Economics: Labor & Social Conditions (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128961945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Public-Private Sector Pay Debate in Europe","authors":"Torsten Müller, T. Schulten","doi":"10.2139/ssrn.2660688","DOIUrl":"https://doi.org/10.2139/ssrn.2660688","url":null,"abstract":"This Working Paper critically reviews the empirical evidence and the basic assumptions on which European and national policymakers base their strategy of cutting and freezing public sector pay as one central element of the current crisis management. Using comparative studies and new statistical data, the paper demonstrates that these assumptions are wrong, as they rely on a 'excessively narrow conception of competitiveness as cost competitiveness' and they neglect the role of wages in generating domestic demand.","PeriodicalId":170522,"journal":{"name":"ERN: Other European Economics: Labor & Social Conditions (Topic)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128413740","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Where Does the Surplus Go? Disentangling the Capital-Labor Distributive Conflict","authors":"F. Bogliacino, D. Guarascio, Valeria Cirillo","doi":"10.2139/ssrn.2653338","DOIUrl":"https://doi.org/10.2139/ssrn.2653338","url":null,"abstract":"The evidence on growing inequality in OECD countries has raised an important debate over its main drivers, pointing out an increasing importance of capital-labour conflict. In this contribution, we aim at disentangling the role of some of the forces shaping this process. Our identification strategy relies on the sequential nature of wage setting and profits realization, in line with theoretical insights from the range theory of wages (postulating rents sharing at the shop floor level) and the principle of effective demand. In particular we focus on the role of technology and offshoring as instruments to create surplus and to shape the bargaining power of the parties involved in wage setting, and on different sources of demand as heterogeneous determinants of profits realization. The empirical analysis is performed on a panel of 38 manufacturing and service sectors over four time periods from 1995 to 2010, covering Germany, France, Italy, Spain, and United Kingdom. The contrasting effects of R&D and offshoring emerge as determinants of wages. Investment and internal demands are key variables in the realization of profits. When we look at the heterogeneity of the effects we see three main stylized facts. First of all, distinguishing for technological domain using Pavitt classes we can see that rents are effectively related with upgraded industries. Secondly, when we distinguish for the degree of openness we can see that, again, rents are mainly shared in open industries. Finally, when we disentangle the effect on wages per skill level, it is possible to confirm the intuition that offshoring hits the medium-low skill categories.","PeriodicalId":170522,"journal":{"name":"ERN: Other European Economics: Labor & Social Conditions (Topic)","volume":"25 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120862025","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Recent Developments Regarding Gender Balance on EU Corporate Boards","authors":"Raluca Papadima","doi":"10.54648/eucl2015039","DOIUrl":"https://doi.org/10.54648/eucl2015039","url":null,"abstract":"This contribution analyses national measures adopted by EU Member States and discusses in particular the background and current state of the European Commission’s proposal for a directive on improving the gender balance among non-executive directors of listed companies. It concludes that the adoption of this proposal is neither likely, nor necessary or even advisable. Also, this contribution presents a recent statistical study for Romania regarding women’s presence on boards of listed companies.","PeriodicalId":170522,"journal":{"name":"ERN: Other European Economics: Labor & Social Conditions (Topic)","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122309596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Individual and Workplace-Specific Determinants of Paid and Unpaid Overtime Work in Germany","authors":"Ines Zapf","doi":"10.2139/ssrn.2630180","DOIUrl":"https://doi.org/10.2139/ssrn.2630180","url":null,"abstract":"In Germany, overtime work is a well-established instrument for varying working hours of employees and is of great importance for establishments as a measure of internal flexibility. However, not all employees are affected to the same degree by a variation of the work effort through overtime work. Besides socio-demographic factors, workplace-specific factors that provide information about the position of employees in the establishment play an important role, too. So far, we do not know enough how these workplace-specific factors are associated with overtime work. This question is at the center of this study. In the analysis, women and part-time employees are taken into account, while previous studies mostly focused on full-time employees and/or male workers. On the basis of the data of the German Socio-Economic Panel (SOEP), the results show a significant negative correlation between women and paid overtime and between part-time employees and unpaid overtime. If the employees performance is regularly assessed by a superior, paid overtime is less likely, while unpaid overtime becomes more likely. In executive positions, there is a significant positive correlation with paid and unpaid overtime work. Unpaid overtime is more likely with a growing autonomy in the employees’ workplace, whereas paid overtime becomes less likely. However, the length of the training period on the job as well as job related burdens due to a job at risk and a limited employment contract seem to have no association with paid or unpaid overtime.","PeriodicalId":170522,"journal":{"name":"ERN: Other European Economics: Labor & Social Conditions (Topic)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125353669","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Complex Model of Social Adaptation of Servicemen, Discharged from Military Service","authors":"V. Terziev","doi":"10.18769/IJASOS.531327","DOIUrl":"https://doi.org/10.18769/IJASOS.531327","url":null,"abstract":"Based on the theoretical analysis of contemporary realities and actual needs, this report presents the development of a competence model for social adaptation of released by the Bulgarian army servicemen. The focus is on knowledge and skills in terms of building competencies according to the European qualification framework. Lifelong learning is underlined as an inseparable part of the system of social adaptation considering the necessary changes in the field of education and training in Bulgaria too. Bearing in mind that those problems are not limited to the examined group under risk, main conclusions concern vocational education and training as deserving special consideration in the establishment of the social adaptation system and educational reforms in the country.","PeriodicalId":170522,"journal":{"name":"ERN: Other European Economics: Labor & Social Conditions (Topic)","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121409285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Note on How to Realize the Full Potential of the EU-SILC Data","authors":"M. Berger, S. Schaffner","doi":"10.2139/ssrn.2567255","DOIUrl":"https://doi.org/10.2139/ssrn.2567255","url":null,"abstract":"The European Union Statistics on Income and Living Conditions (EU-SILC) is a rotational panel provided by Eurostat that covers variables with a high potential for comparative European labour market and social research. Unfortunately, its current availability limits its potential research applications. This research note describes these shortcomings of the current data provision. Furthermore, we make two contributions for a better exploitation of these data sets: First, we develop a method for combining the different waves in order to increase the number of usable observations; and second, we indicate how monthly data on income and hourly pay can be derived.","PeriodicalId":170522,"journal":{"name":"ERN: Other European Economics: Labor & Social Conditions (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121862273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Attractiveness, Anthropometry or Both? Their Relationship and Role in Economic Research","authors":"Sonia Oreffice, C. Quintana‐Domeque","doi":"10.2139/ssrn.2542146","DOIUrl":"https://doi.org/10.2139/ssrn.2542146","url":null,"abstract":"We analyze how attractiveness rated at the start of the interview is related to weight (controlling for height), and BMI, separately by gender and also accounting for interviewer fixed effects, in a nationally representative sample. We are the first to show that height, weight, and BMI all strongly contribute to male and female attractiveness when attractiveness is rated by opposite-sex interviewers, whereas only thinner female respondents are considered attractive by same-sex interviewers; that is, anthropometric characteristics are irrelevant to male interviewers in assessing male attractiveness. In addition, we estimate the interplay of these attractiveness and anthropometric measures in labor and marital outcomes such as hourly wage and spousal education, showing that attractiveness and height matter in the labor market, whereas both male and female BMI are valued in the marriage market instead of attractiveness.","PeriodicalId":170522,"journal":{"name":"ERN: Other European Economics: Labor & Social Conditions (Topic)","volume":"114 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124466547","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Divorcing Upon Retirement","authors":"E. Stancanelli","doi":"10.2139/ssrn.2540464","DOIUrl":"https://doi.org/10.2139/ssrn.2540464","url":null,"abstract":"Retirement represents a dramatic change in individual life that may also affect marriage stability, a fact which has been mostly ignored to date. Using observations on over 200,000 French men and over 166,000 French women aged 50 to 70, drawn from the French Labor Force Surveys over the last decade, and instrumenting retirement with legal retirement age in France, we find a significant and large increase in divorce rates upon retirement, which concerns especially individuals of either gender that grew up in a somewhat traditional type of household.","PeriodicalId":170522,"journal":{"name":"ERN: Other European Economics: Labor & Social Conditions (Topic)","volume":"6 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120843968","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}