How important is precautionary labor supply?

Schmitz, Sebastian; Rostam-Afschar, Davud; Jessen, Robin

How important is precautionary labor supply?

dc.contributor.author	Schmitz, Sebastian	de
dc.contributor.author	Rostam-Afschar, Davud	de
dc.contributor.author	Jessen, Robin	de
dc.date.accessioned	2024-04-08T08:52:55Z
dc.date.available	2024-04-08T08:52:55Z
dc.date.created	2016-07-06
dc.date.issued	2016
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.identifier.swb	473613697
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/6036
dc.identifier.urn	urn:nbn:de:bsz:100-opus-12346
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2016,07
dc.rights.license	publ-mit-pod	en
dc.rights.license	publ-mit-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subject	Wage risk	en
dc.subject	Labor supply	en
dc.subject	Precautionary saving	en
dc.subject	Life cycle	en
dc.subject	Dynamic panel data	en
dc.subject.ddc	330
dc.subject.gnd	Lohn	de
dc.subject.gnd	Arbeit	de
dc.subject.gnd	Arbeitsmarkt	de
dc.subject.gnd	Sparverhalten	de
dc.subject.gnd	Deutschland	de
dc.title	How important is precautionary labor supply?	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.export.bibtex	@techreport{Schmitz2016, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6036}, author = {Schmitz, Sebastian and Rostam-Afschar, Davud and Jessen, Robin et al.}, title = {How important is precautionary labor supply?}, year = {2016}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
local.export.bibtexAuthor	Schmitz, Sebastian and Rostam-Afschar, Davud and Jessen, Robin et al.
local.export.bibtexKey	Schmitz2016
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1234
local.series.issueNumber	2016,07
local.series.title	Hohenheim discussion papers in business, economics and social sciences
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de

Files

Original bundle

Now showing 1 - 1 of 1

Name:: dp_07_2016_online.pdf
Size:: 559.54 KB
Format:: Adobe Portable Document Format
Description:: Open Access Fulltext

Download

Collections

Institut für Volkswirtschaftslehre
Hohenheim discussion papers in business, economics and social sciences