dc.contributor.author
Jessen, Robin
dc.contributor.author
Rostam-Afschar, Davud
dc.contributor.author
Schmitz, Sebastian
dc.date.accessioned
2018-06-08T08:27:46Z
dc.date.available
2016-06-09T11:09:16.761Z
dc.identifier.uri
https://refubium.fu-berlin.de/handle/fub188/20168
dc.identifier.uri
http://dx.doi.org/10.17169/refubium-23492
dc.description.abstract
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%.
en
dc.format.extent
35 Seiten
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000532-8
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000006-7
dc.rights.uri
http://www.fu-berlin.de/sites/refubium/rechtliches/Nutzungsbedingungen
dc.subject
Precautionary Saving
dc.subject
Dynamic Panel Data
dc.subject.ddc
300 Sozialwissenschaften::330 Wirtschaft::331 Arbeitsökonomie
dc.subject.ddc
300 Sozialwissenschaften::330 Wirtschaft::339 Makroökonomie und verwandte Themen
dc.title
How Important is Precautionary Labor Supply?
refubium.affiliation
Wirtschaftswissenschaft
de
refubium.mycore.fudocsId
FUDOCS_document_000000024750
refubium.series.issueNumber
2016,10 : Economics
refubium.series.name
Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin
refubium.mycore.derivateId
FUDOCS_derivate_000000006563
dcterms.accessRights.openaire
open access
