id,collection,dc.contributor.author[],dc.date.accessioned[],dc.date.available[],dc.date.issued[],dc.description.abstract[en],dc.format.extent[],dc.identifier.uri,dc.identifier.uri[],dc.language[],dc.relation.ispartofseries[],dc.rights.uri[],dc.subject.ddc[],dc.subject[],dc.title[],dc.type[],dcterms.accessRights.openaire,refubium.affiliation[de],refubium.mycore.derivateId[],refubium.mycore.fudocsId[],refubium.series.issueNumber[],refubium.series.name[] "c3b37fba-aef9-4d46-a1d9-492e811cc408","fub188/18846","Jessen, Robin||Rostam-Afschar, Davud||Schmitz, Sebastian","2018-06-08T08:27:46Z","2016-06-09T11:09:16.761Z","2016","We quantify the importance of precautionary labor supply using data from the German Socio- Economic Panel (SOEP) for 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married men choose about 2.5% of their hours of work or one week per year on average to shield against unpredictable wage shocks. This implies that about 26% of precautionary savings are due to precautionary labor supply. If self- employed faced the same wage risk as the median civil servant, their hours of work would reduce by 4%.","35 Seiten","http://dx.doi.org/10.17169/refubium-23492","https://refubium.fu-berlin.de/handle/fub188/20168","eng","urn:nbn:de:kobv:188-fudocsseries000000000532-8||urn:nbn:de:kobv:188-fudocsseries000000000006-7","http://www.fu-berlin.de/sites/refubium/rechtliches/Nutzungsbedingungen","300 Sozialwissenschaften::330 Wirtschaft::331 Arbeitsökonomie||300 Sozialwissenschaften::330 Wirtschaft::339 Makroökonomie und verwandte Themen","Wage Risk||Labor Supply||Precautionary Saving||Life Cycle||Dynamic Panel Data","How Important is Precautionary Labor Supply?","Buch","open access","Wirtschaftswissenschaft","FUDOCS_derivate_000000006563","FUDOCS_document_000000024750","2016,10 : Economics","Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin"