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The apple doesn't fall far from the tree: Intergenerational wealth mobility in Taiwan
IF 2.2 2区 经济学 Q2 ECONOMICS Pub Date : 2024-12-01 DOI: 10.1016/j.labeco.2024.102617
Yu-Wei Luke Chu , Ming-Jen Lin , Huici Nian
We estimate intergenerational wealth mobility using administrative records from Taiwan and find strong intergenerational rank correlations in household gross wealth, around 0.40 for sons and 0.30 for daughters. The wealth rank correlations are similar for single and married children, even though married children have greater household wealth and relatively strong assortative mating. The intergenerational wealth correlation is nonlinear and particularly strong for families in the top 10 % of household wealth. Different family sizes and gender compositions do not significantly affect intergenerational wealth mobility, regardless of the children's gender or marital status. Since our sample includes only parents who are still alive, these correlations are not driven by bequests. However, inter vivos transfers appear to play a significant role.
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引用次数: 0
Improving children's foundational learning through community-school participation: Experimental evidence from rural India 通过社区-学校参与改善儿童的基础学习:来自印度农村的实验证据
IF 2.2 2区 经济学 Q2 ECONOMICS Pub Date : 2024-12-01 DOI: 10.1016/j.labeco.2024.102615
Deepak Kumar , Naveen Sunder , Ricardo Sabates Aysa , Wilima Wadhwa
Due to almost-universal enrolment in primary schools, policy focus has shifted towards improving learning outcomes. One important way of doing this is to enhance accountability, especially in the case of public provision of education. In this context, we examine the effectiveness of two different strategies of increasing accountability – one involving only the community, and the other which builds collaboration between the schools and the community. We implement a randomized controlled trial in 400 villages in India, and find: (i) both interventions led to a significant enhancement in children's foundational literacy and numeracy skills, (ii) we observed limited differences between the impacts of the two interventions, and (iii) the community-school intervention exhibited significantly greater effects when parents reported visiting the school, underscoring the vital role of parent-teacher interactions and their shared responsibility in shaping children's learning outcomes. In terms of mechanism, we find that direct learning inputs play a major role in mediating the observed effects of both interventions. Additionally, parent-teacher engagement and children's studying habits outside of the school are potential important channels through which the observed effects operate in the community-school intervention.
由于小学几乎实现了全民入学,政策重点已转向提高学习成绩。做到这一点的一个重要方法是加强问责制,特别是在公共教育提供方面。在这种情况下,我们研究了加强问责制的两种不同策略的有效性,一种策略只涉及社区,另一种策略则在学校和社区之间建立合作关系。我们在印度的 400 个村庄实施了一项随机对照试验,结果发现(i) 两种干预措施都显著提高了儿童的基础识字和算术能力,(ii) 我们观察到两种干预措施的效果差异有限,(iii) 社区-学校干预措施在家长报告到访学校的情况下效果显著提高,这强调了家长-教师互动的重要作用以及他们在塑造儿童学习成果方面的共同责任。在机制方面,我们发现直接的学习投入在调解两种干预措施的观察效果方面发挥了重要作用。此外,家长和教师的参与以及儿童在校外的学习习惯也是社区-学校干预措施产生效果的潜在重要渠道。
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引用次数: 0
Incentive contracts with pay gap and pay equity 薪酬差距和薪酬公平的激励合同
IF 2.2 2区 经济学 Q2 ECONOMICS Pub Date : 2024-11-19 DOI: 10.1016/j.labeco.2024.102651
Jaesoo Kim
This paper explores the impact of non-standard work hours on job performance, with a particular focus on the gender pay gap within the principal–agent model. We develop a moral hazard model that introduces a gender-specific dimension, examining the relationship between optimal contracts and performance pay disparities. We explore two distinct scenarios—one featuring different pay and another with equal pay. The situation with different pay enables us to discern the factors contributing to the wage gap between the two workers. Upon examining the scenario where the contract is constrained to equal pay, we identify two noteworthy outcomes within the optimal contract. Firstly, the compensation structure shifts toward dependence on relative performance, departing from the independent performance evaluation observed in scenarios with different pay. Secondly, equal pay decreases the likelihood of having both the glass ceiling and glass cliff phenomena.
本文探讨了非标准工时对工作绩效的影响,尤其关注委托代理模型中的性别薪酬差距。我们建立了一个引入性别维度的道德风险模型,研究了最优合同与绩效薪酬差距之间的关系。我们探讨了两种不同的情况--一种是同酬,另一种是异酬。在同工不同酬的情况下,我们可以找出造成双方工资差距的因素。在研究了合同受限于同酬的情况后,我们在最优合同中发现了两个值得注意的结果。首先,薪酬结构转向对相对绩效的依赖,这与不同薪酬情况下的独立绩效评估不同。其次,同酬降低了出现玻璃天花板和玻璃悬崖现象的可能性。
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引用次数: 0
Is sex ratio a valid distribution factor in a collective model?
IF 2.2 2区 经济学 Q2 ECONOMICS Pub Date : 2024-11-19 DOI: 10.1016/j.labeco.2024.102647
Yujung Hwang , Toan Nguyen
A distribution factor generates exogenous variation in household members’ bargaining weights, and therefore, it helps identify a collective model. We derive testable hypotheses of the exogeneity of a single distribution factor in a general collective model. Next, we test whether the local sex ratio – a popular distribution factor in the literature – satisfies the exclusion restriction required of distribution factors using the dual-earner sample in Japanese and Australian data. We reject the exclusion restriction for Japan but not for Australia, which is explained by a dependency between the local sex ratio and local gender norms in Japan. We discuss its implication on the marriage market matching model equilibrium. Next, we conclude by investigating alternative distribution factors, but we find similar endogeneity issues in the Japanese sample, implying that understanding cultural context would be critical when choosing a distribution factor.
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引用次数: 0
Soft-skills, networking, and workforce entry: Impacts of a training program for recent graduates in Rwanda 软技能、网络和就业:卢旺达应届毕业生培训计划的影响
IF 2.2 2区 经济学 Q2 ECONOMICS Pub Date : 2024-11-16 DOI: 10.1016/j.labeco.2024.102650
Andrew Brudevold-Newman, Diego Ubfal
Young adults seeking to enter the labor market often confront a skills mismatch, with employers expressing challenges in recruiting new entrants who possess the necessary soft skills. This paper reports findings from a randomized controlled trial in Rwanda, in which recent tertiary education graduates were randomly selected to participate in a two-week intensive soft skills training program developed and delivered by the staff of the University of Rwanda. Results indicate that the program expedited the graduates’ entry into the job market during a period marked by disruptions due to COVID-19. These effects dissipated over the following year as more jobs became available in the economy, and the employment rate of the control group caught up with that of the treatment group. The faster labor market entry for the training participants seems to be driven by an expansion and more intensive use of their job networks.
想要进入劳动力市场的年轻人往往面临技能不匹配的问题,雇主们表示在招聘具备必要软技能的新人方面面临挑战。本文报告了在卢旺达进行的一项随机对照试验的结果。在这项试验中,应届高等教育毕业生被随机选中,参加由卢旺达大学工作人员开发和提供的为期两周的强化软技能培训项目。结果表明,在 COVID-19 的干扰下,该项目加快了毕业生进入就业市场的速度。这些影响在接下来的一年中逐渐消失,因为经济中出现了更多的就业机会,对照组的就业率赶上了治疗组。培训参与者进入劳动力市场的速度更快,这似乎是由于他们扩大和更深入地利用了自己的就业网络。
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引用次数: 0
Gender differences in reservation wages: New evidence for Germany 保留工资的性别差异:德国的新证据
IF 2.2 2区 经济学 Q2 ECONOMICS Pub Date : 2024-11-16 DOI: 10.1016/j.labeco.2024.102649
Marina Bonaccolto-Töpfer , Sascha Satlukal
Generally, women set lower reservation wages than men what may translate into substantial gender pay gaps in the labor market. This paper compares both parametric and semiparametric estimators to analyze unexplained gender gaps in reservation wages among non-employed individuals in Germany. We examine these estimators using both conventional and data-driven model specifications. The results suggest substantial unexplained gaps in favor of men (up to 8%). In addition, we show that the gaps are larger at the top of the reservation wage distribution as well as among individuals with children and with a high educational attainment. The estimates are robust across the various estimators and model specifications. These findings imply that pronounced unexplained gender gaps in reservation wages do exist in Germany. As they are likely to result in actual gender pay gaps, gender gaps in reservation wages should be on the political agenda.
一般来说,女性设定的保留工资低于男性,这可能会导致劳动力市场出现巨大的性别薪酬差距。本文比较了参数估计法和半参数估计法,以分析德国非就业人员保留工资中无法解释的性别差距。我们使用传统模型和数据驱动模型规范对这些估计方法进行了检验。结果表明,男性的未说明差距很大(高达 8%)。此外,我们还发现,在保留工资分布的顶端以及有子女和高学历的个人中,差距更大。这些估计值在不同的估计方法和模型规范下都是稳健的。这些研究结果表明,在德国,保留工资中确实存在明显的无法解释的性别差距。由于它们很可能导致实际的性别薪酬差距,因此保留工资中的性别差距应列入政治议程。
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引用次数: 0
Equilibrium effects of payroll tax reductions and optimal policy design 薪资税削减的均衡效应和最佳政策设计
IF 2.2 2区 经济学 Q2 ECONOMICS Pub Date : 2024-11-14 DOI: 10.1016/j.labeco.2024.102646
Thomas Breda , Luke Haywood , Haomin Wang
We quantify the unintended effects of a low-wage payroll tax reduction using an equilibrium search model featuring bargaining, worker and firm productivity heterogeneity, labor taxes, and a minimum wage. The decentralized economy is inefficient due to search externalities and labor market policies. We estimate the model using French data and find that a significant reduction in low-wage payroll taxes in 1995 leads to an overall improvement in economic efficiency by increasing employment and correcting existing policy distortions that disincentivize labor force participation. However, the tax reduction, by increasing labor force participation among low-productivity workers and vacancy postings by low-productivity firms, results in negative but minor spillover and reallocation effects due to congestion. We find that the optimal policy mix is a lower minimum wage and lower payroll taxes compared to the policies in place in the early 1990s.
我们使用一个均衡搜索模型,以讨价还价、工人和企业生产率异质性、劳动税和最低工资为特征,量化了低工资工资税削减的意外影响。由于搜索外部性和劳动力市场政策,分散经济效率低下。我们利用法国的数据对模型进行了估算,发现 1995 年大幅降低低工资工资税,通过增加就业和纠正阻碍劳动力参与的现有政策扭曲,全面提高了经济效率。然而,减税增加了低生产率工人的劳动力参与和低生产率企业的职位空缺,导致了负面但轻微的溢出效应和拥堵造成的重新分配效应。我们发现,与 20 世纪 90 年代初实施的政策相比,最佳的政策组合是降低最低工资和工资税。
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引用次数: 0
Job loss, consumption insurance, and household time allocation 失业、消费保险和家庭时间分配
IF 2.2 2区 经济学 Q2 ECONOMICS Pub Date : 2024-10-30 DOI: 10.1016/j.labeco.2024.102645
Kenta Fukuda
This study examines how married households respond to negative income shocks resulting from the husband’s job loss, focusing on both monetary insurance channels and changes in the time use of husbands and wives. Using a unique Japanese panel dataset, the empirical analysis shows that the husband’s involuntary job loss leads to significant and persistent declines in his labor earnings. However, the impact on household consumption expenditure is considerably smaller, with only about one-fifth of the income shock transmitted to consumption, suggesting that a substantial amount of monetary insurance is at work. In the short run, unemployment benefits play a crucial role in mitigating the shock, while the wife’s labor supply becomes important in the long run, especially for households where the wife was not employed full-time before the job loss. Additionally, husbands significantly increase their time spent on home production following job loss, and this effect persists for at least three years.
本研究探讨了已婚家庭如何应对丈夫失业带来的负收入冲击,重点关注货币保险渠道以及丈夫和妻子的时间使用变化。利用日本独特的面板数据集进行的实证分析表明,丈夫非自愿失业会导致其劳动收入显著且持续下降。然而,对家庭消费支出的影响要小得多,只有约五分之一的收入冲击会传导到消费上,这表明有大量的货币保险在起作用。在短期内,失业救济在缓解冲击方面发挥了重要作用,而妻子的劳动力供给在长期内变得非常重要,尤其是对于妻子在失业前没有全职工作的家庭。此外,失业后丈夫花在家庭生产上的时间会显著增加,而且这种影响至少会持续三年。
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引用次数: 0
The intergenerational effects of requiring unemployment benefit recipients to engage in non-search activities 要求失业救济金领取者从事非研究活动的代际影响
IF 2.2 2区 经济学 Q2 ECONOMICS Pub Date : 2024-10-30 DOI: 10.1016/j.labeco.2024.102644
Deborah A. Cobb-Clark , Sarah C. Dahmann , Anne C. Gielen
We use a quasi-experimental design and national administrative data to analyze the intergenerational effects of introducing non-search activity requirements for long-term unemployment benefit recipients aged 18–34. The young-adult children of these recipients were in early adolescence when the requirements were introduced. Using a regression discontinuity approach, we find that young adults, particularly men, whose fathers were subject to the requirements have a lower incidence of unemployment benefit receipt compared to those whose fathers were not. More detailed investigation suggests completion of the mandated activities, role modeling, changes in attitudes, improved health, and greater support and stability as potential channels.
我们采用准实验设计和国家行政数据,分析了对 18-34 岁长期失业救济金领取者引入非搜索活动要求的代际影响。要求出台时,这些领取者的未成年子女正处于青春期。通过使用回归不连续法,我们发现,与那些父亲受此要求约束的人相比,父亲受此要求约束的年轻人,尤其是男性,领取失业救济金的比例较低。更详细的调查表明,完成规定的活动、榜样示范、态度转变、健康状况改善以及更多的支持和稳定是潜在的渠道。
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引用次数: 0
Good personality traits in bad times: Does conscientiousness mitigate the adverse effects of graduating in a recession? 逆境中的良好人格特征:自觉性是否能减轻经济衰退时期毕业的不利影响?
IF 2.2 2区 经济学 Q2 ECONOMICS Pub Date : 2024-10-26 DOI: 10.1016/j.labeco.2024.102643
Liwen Chen , Guanghua Wang
This paper studies whether and how conscientiousness, a personality trait, helps individuals mitigate the adverse effects of graduating during a recession on early career outcomes. By analyzing college-educated individuals who graduated in the 1980s, we find that conscientiousness reduces the income losses of workers who graduated during a recession. This effect results mainly from workers’ adjustments in the labor supply. When graduating during a recession, college graduates high in conscientiousness are more likely to find full-time jobs and work more hours per week than their counterparts low in conscientiousness. Regarding the other four Big Five personality traits, while agreeableness has a modest effect on mitigating the effects of adverse labor market entry conditions on hourly wages, extraversion, openness to experience, and emotional stability do not appear to buffer against such early career losses. Additionally, cognitive ability does not offset the challenges posed by graduating during a recession.
本文研究了自觉性这一人格特质是否以及如何帮助个人减轻在经济衰退期间毕业对早期职业生涯结果的不利影响。通过分析 20 世纪 80 年代毕业的受过大学教育的个人,我们发现自觉性可以减少在经济衰退期间毕业的工人的收入损失。这种效应主要来自于工人对劳动力供给的调整。在经济衰退期间毕业的高自觉性大学毕业生比低自觉性大学毕业生更有可能找到全职工作,每周工作时间也更长。至于其他四个 "大五 "人格特质,虽然 "宜人性 "对减轻不利的劳动力市场进入条件对小时工资的影响有一定作用,但 "外向性"、"经验开放性 "和 "情绪稳定性 "似乎并不能缓冲这种早期职业损失。此外,认知能力也不能抵消在经济衰退期间毕业所带来的挑战。
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引用次数: 0
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Labour Economics
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