<div class="csl-bib-body">
<div class="csl-entry">Kaas, L., Lalé, E., & Siassi, N. (2024, December 2). <i>Job Ladder and Wealth Dynamics in General Equilibrium</i> [Presentation]. Macroeconomics Seminar, Paris, France. http://hdl.handle.net/20.500.12708/205300</div>
</div>
-
dc.identifier.uri
http://hdl.handle.net/20.500.12708/205300
-
dc.description.abstract
This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring sequential wage bargaining, endogenous search effort of employed and non-employed workers, and differences in match quality. The calibrated model offers a good fit to the empirical age profiles of search activity, job-finding rates, wages and savings, so that we use the model to examine the role of age and wealth for worker flows and for the consequences of job loss. We further analyze the impact of unemployment insurance and progressive taxation for labor market dynamics and aggregate economic activity via capital, employment and labor efficiency channels. Lower unemployment benefits or a less progressive tax schedule bring about welfare losses for a newborn worker household.
en
dc.description.sponsorship
Österreichische Nationalbank, Jubiläumsfonds
-
dc.language.iso
en
-
dc.subject
Search and matching
en
dc.subject
Job-to-job transitions
en
dc.subject
Incomplete markets
en
dc.subject
Overlapping generations
en
dc.subject
Wealth accumulation
en
dc.title
Job Ladder and Wealth Dynamics in General Equilibrium
en
dc.type
Presentation
en
dc.type
Vortrag
de
dc.contributor.affiliation
Goethe University Frankfurt, Germany
-
dc.contributor.affiliation
York University, Canada
-
dc.relation.grantno
18646
-
dc.type.category
Presentation
-
tuw.publication.invited
invited
-
tuw.project.title
Zur Optimalen Gestaltung der Steuer- und Sozialpolitik für Einkommensschwache Haushalte
-
tuw.researchTopic.id
A4
-
tuw.researchTopic.name
Mathematical Methods in Economics
-
tuw.researchTopic.value
100
-
tuw.publication.orgunit
E105-03 - Forschungsbereich Ökonomie
-
tuw.author.orcid
0009-0000-2660-6316
-
tuw.author.orcid
0000-0001-6347-5239
-
tuw.event.name
Macroeconomics Seminar
en
tuw.event.startdate
02-12-2024
-
tuw.event.enddate
02-12-2024
-
tuw.event.online
On Site
-
tuw.event.type
Event for scientific audience
-
tuw.event.place
Paris
-
tuw.event.country
FR
-
tuw.event.institution
Department of Economics, SciencesPo
-
tuw.event.presenter
Siassi, Nawid
-
wb.sciencebranch
Wirtschaftswissenschaften
-
wb.sciencebranch.oefos
5020
-
wb.sciencebranch.value
100
-
item.cerifentitytype
Publications
-
item.languageiso639-1
en
-
item.fulltext
no Fulltext
-
item.openairetype
conference presentation
-
item.openairecristype
http://purl.org/coar/resource_type/R60J-J5BD
-
item.grantfulltext
none
-
crisitem.project.funder
Österreichische Nationalbank, Jubiläumsfonds
-
crisitem.project.grantno
18646
-
crisitem.author.dept
Goethe University Frankfurt
-
crisitem.author.dept
York University
-
crisitem.author.dept
E105-03 - Forschungsbereich Ökonomie
-
crisitem.author.orcid
0009-0000-2660-6316
-
crisitem.author.orcid
0000-0001-6347-5239
-
crisitem.author.parentorg
E105 - Institut für Stochastik und Wirtschaftsmathematik
