The Resource Cash-on-hand and the duration of job search : quasi-experimental evidence from Norway, Christoph Basten, Andreas Fagereng, Kjetil Telle

Cash-on-hand and the duration of job search : quasi-experimental evidence from Norway, Christoph Basten, Andreas Fagereng, Kjetil Telle

Label
Cash-on-hand and the duration of job search : quasi-experimental evidence from Norway
Title
Cash-on-hand and the duration of job search
Title remainder
quasi-experimental evidence from Norway
Statement of responsibility
Christoph Basten, Andreas Fagereng, Kjetil Telle
Creator
Contributor
Author
Subject
Language
eng
Summary
We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months' earnings at the median lowers the fraction re-employed after a year by seven percentage points. Data on household wealth enable us to verify that the effect is decreasing in prior wealth, which favors an interpretation as liquidity constraints over the alternative of mental accounting. Finding liquidity constraints in Norway, despite its equitable wealth distribution and generous welfare state, means they are likely to exist also in other countries
Member of
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Basten, Christoph
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
  • Fagereng, Andreas
  • Telle, Kjetil
  • European University Institute
Series statement
  • EUI working papers. ECO
  • EUI papers
Series volume
2012/21
http://library.link/vocab/subjectName
  • Unemployment
  • Liquidity (Economics)
Label
Cash-on-hand and the duration of job search : quasi-experimental evidence from Norway, Christoph Basten, Andreas Fagereng, Kjetil Telle
Link
http://hdl.handle.net/1814/23354
Instantiates
Publication
Note
Subject: Unemployment; Optimal Unemployment Insurance; Liquidity Constraints; Mental Accounting; Severance Pay; Regression Discontinuity Design; C41; E21; E24; J65
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17136647
Dimensions
30 cm.
Extent
49 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)851517313
Label
Cash-on-hand and the duration of job search : quasi-experimental evidence from Norway, Christoph Basten, Andreas Fagereng, Kjetil Telle
Link
http://hdl.handle.net/1814/23354
Publication
Note
Subject: Unemployment; Optimal Unemployment Insurance; Liquidity Constraints; Mental Accounting; Severance Pay; Regression Discontinuity Design; C41; E21; E24; J65
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17136647
Dimensions
30 cm.
Extent
49 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)851517313

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