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作者：Slavik, Ctirad; Yazici, Hakki
作者单位：Charles University Prague; University of Bristol
摘要：The skill premium has increased significantly in the United States in the last five decades. During the same period, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill premium. Intuitively, a rise in uninsured wage risk increases precautionary savings, thereby boosting capital accumulation, which increases the skill premium due to capital-skill complementarity. Using a quantitative macroeconomic model, we find that the...
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作者：Fitzenberger, Bernd; Mena, Gary; Nimczik, Jan; Sunde, Uwe
作者单位：University of Munich; University of Erlangen Nuremberg; IZA Institute Labor Economics; Humboldt University of Berlin; European School of Management & Technology; University of Munich; Leibniz Association; Ifo Institut; Centre for Economic Policy Research - UK
摘要：Economists increasingly recognise the importance of personality traits for socio-economic outcomes, but little is known about the stability of these traits over the life cycle. Existing empirical contributions typically focus on age patterns and disregard cohort and period influences. This paper contributes novel evidence for the separability of age, period and cohort effects for a broad range of personality traits based on systematic specification tests for disentangling age, period and cohor...
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作者：Kiso, Takahiko
作者单位：University of Aberdeen
摘要：This study considers a new subsidy design to support the purchase or production of target products. Under the proposed design, subsidy payments are inversely related to product prices. Compared to 'flat' subsidies, this design reduces producers' market power and the subsidy benefits passed on to them, improving the cost-effectiveness of government spending (by up to 50% according to simulations based on an actual subsidy programme). Additionally, this subsidy's cost-effectiveness and incidence...
