The relation between wealth and labour market transitions: an empirical study for the Netherlands (replication data)
We study the relationship between wealth and labour market transitions. A lifecycle model, in which individuals are faced by uncertainty about the availability of jobs, serves as a basis for a reduced-form specification for the probabilities of labour market transitions, which depend on wealth according to the model. Theory implies a negative effect of wealth on the probability of becoming or staying employed. This implication is tested for in a reduced-from model of labour market transitions, in which we allow for random effects, initial conditions, and measurement error in wealth. Elasticiti... Mehr ...
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| Dokumenttyp: | Datenquelle |
| Erscheinungsdatum: | 2002 |
| Verlag/Hrsg.: |
ZBW - Leibniz Informationszentrum Wirtschaft
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| Schlagwörter: | Estimation / Labour market / Life cycle / Netherlands / Savings / Theory / Unemployment / Wealth |
| Sprache: | Englisch |
| Permalink: | https://search.fid-benelux.de/Record/base-27571750 |
| Datenquelle: | BASE; Originalkatalog |
| Powered By: | BASE |
| Link(s) : | https://doi.org/10.15456/jae.2022314.1310371668 |
We study the relationship between wealth and labour market transitions. A lifecycle model, in which individuals are faced by uncertainty about the availability of jobs, serves as a basis for a reduced-form specification for the probabilities of labour market transitions, which depend on wealth according to the model. Theory implies a negative effect of wealth on the probability of becoming or staying employed. This implication is tested for in a reduced-from model of labour market transitions, in which we allow for random effects, initial conditions, and measurement error in wealth. Elasticities of transitions probabilities with respect to wealth are presented.