To understand trans-Atlantic employment experiences since World War II, we build an overlapping generations model with two types of workers (high school and college graduates) whose different skill acquisition technologies affect their career decisions. Search frictions affect short-run employment outcomes...
A life-cycle model of entrepreneurial choice: understanding entry into and exit from self-employment. Unpublished manuscript.Adachi, T. 2009. A life-cycle model of entrepreneurial choice: Understanding entry into and exit from self-employment. Unpublished doctoral dissertation, University of Pennsylvania...
Your employee life cycle model counts for little if HR underestimates the recruitment process. Employee life cycle stages gain traction after this touchpoint but die a natural death if it fails. If ever there was truth to the adage, “the devil’s in the details,” this is the time. HR ...
Longevity, Life-Cycle Behavior and Pension Reform How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, re... P ...
Using the recent international data of the Programme for the International Assessment of Adult Competencies (PIAAC), we confirm such a trade-off over the life cycle in a difference-in-differences model that compares employment rates across education type and age. An initial employment advantage of ...
We study the impact of the employment-based health insurance system on aggregate labor supply in a general equilibrium life cycle model with incomplete markets and idiosyncratic risks in both income and medical expenses. We find that employment-based health insurance provides Americans with an extra ...
Using administrative and household level data we empirically characterize a life-cycle model of retirement and claiming decisions in terms of the employment, wage, health, and mortality uncertainty faced by individuals. Our benchmark model explains with great accuracy the strikingly high proportion of ...
This paper presents the results of an experimental study of the life cycle model in which subjects were asked to make preferred consumption choices under h... S Johnson,LJ Kotlikoff,W Samuelson - 《Nber Working Papers》 被引量: 89发表: 1987年 Floating choices: a generational perspective on ...
business cycle dynamics. See Epstein and Finkelstein Shapiro (2014) for an expansion of the model in this paper where self-employed firms can endogenously become small salaried firms. A. Finkelstein Shapiro / Journal of Economic Dynamics & Control 46 (2014) 200–218 201 over the life-cycle (...
This paper develops a model of plant life cycle to capture this empirical regularity. In the model, plants differ by vintage and by idiosyncratic productivity. The idiosyncratic productivity is not directly observable, but can be learned over time. This setup gives rise to a learning effect and ...