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  1. Intra-household insurance and the intergenerational transmission of income risk
    Erschienen: January 2024
    Verlag:  CESifo, Munich, Germany

    This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or not work... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63
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    This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or not work at all, time spent with children, and child-related expenditures, we find that income risk impacts skill accumulation, permanently lowering children's skill levels. To the extent that making up for cognitive skill losses during childhood is hard-as available evidence suggests-uninsurable income risk can negatively impact the labor market prospects of future generations.

     

    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/296003
    Schriftenreihe: CESifo working papers ; 10914 (2024)
    Schlagworte: wage risk; household labor supply; child development; social insurance
    Umfang: 1 Online-Ressource (circa 52 Seiten), Illustrationen