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Savings and Labour Market Transitions

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Author Info
Blundell, R.
Magnac, T.
Meghir, C.

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Abstract

A model is developed that allows for a layoff rate and a job arrival rate in the intertemporel choice of consumption and labor market state. The identification of such a model is established without recourse to dynamic programming solutions and the minimum data requirements for estimation are derived. Unobserved heterogeneity is included in the model specification but state dependence is only allowed through the layoff and arrival rates which are restricted to be functions of observable weakly exogenous variables.

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Publisher Info
Paper provided by Institut National de la Statistique et des Etudes Economiques- in its series Papers with number 9622.

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Length: 40 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:inseep:9622

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Related research
Keywords: SAVINGS LABOUR MARKET EMPLOYMENT

Other versions of this item:

Find related papers by JEL classification:
J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
J29 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Other

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  1. Bloemen, H.G. & Stancanelli, E.G.F., 1997. "Individual wealth, reservation wages and transitions into employment," Discussion Paper 2, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  2. Hans G. Bloemen, 2006. "The Impact of Wealth on Job Exit Rates of Elderly Workers," IZA Discussion Papers 2247, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  3. Bloemen, Hans, 2008. "Private Wealth and Job Exit at Older Age: A Random Effects Model," IZA Discussion Papers 3386, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  4. Harounan Kazianga & Christopher Udry, 2004. "Consumption Smoothing? Livestock, Insurance and Drought in Rural Burkina Faso," Working Papers 898, Economic Growth Center, Yale University. [Downloadable!]
    Other versions:
  5. Hans G. Bloemen & Elena G. F. Stancanelli, 2003. "Financial Wealth, Consumption Smoothing, and Income Shocks due to Job Loss," Documents de Travail de l'OFCE 2003-09, Observatoire Francais des Conjonctures Economiques (OFCE). [Downloadable!]
    Other versions:
  6. Hans G. Bloemen, 2002. "The relation between wealth and labour market transitions: an empirical study for the Netherlands," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 17(3), pages 249-268. [Downloadable!]
    Other versions:
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