Suchergebnisse

A country's economic productivity is directly related to the health of its workforce. Thus, how a nation allocates resources to the physical health of its population is of vital importance in establishing the economic well-being of its citizens.This volume contains nine original and innovative articles that investigate the relationship between a nation's health policies, employee health and resulting labor market outcomes. Topics include the direct link between employees' health and wages, the employment impact of an unfavorable health shock, the relationship between job insecurity and a worker's mental health, the effect of career disruptions on already chronically ill workers, the consequences of arbitrary health insurance disenrollments, the impact of reducing publically available sick day benefits, the repercussions of increasing employers' sick pay benefits on absenteeism, the relationship between economic conditions and opioid abuse, and the consequences of parental migration on children's health.For researchers and students of labor economics, or anyone interested in understanding how a country's health policies affect its economic productivity, this volume is a fundamental text

A country's economic productivity is directly related to the health of its workforce. Thus, how a nation allocates resources to the physical health of its population is of vital importance in establishing the economic well-being of its citizens. This volume contains nine original and innovative articles that investigate the relationship between a nation's health policies, employee health and resulting labor market outcomes. Topics include the direct link between employees' health and wages, the employment impact of an unfavorable health shock, the relationship between job insecurity and a worker's mental health, the effect of career disruptions on already chronically ill workers, the consequences of arbitrary health insurance disenrollments, the impact of reducing publically available sick day benefits, the repercussions of increasing employers' sick pay benefits on absenteeism, the relationship between economic conditions and opioid abuse, and the consequences of parental migration on children's health. For researchers and students of labor economics, or anyone interested in understanding how a country's health policies affect its economic productivity, this volume is a fundamental text

Population aging challenges the financing of social security systems in developed economies, as the fraction of the population in working age declines. The resulting pressure on capital-labor ratios translates into a pressure on factor prices and production. While European countries all face this challenge, the speed at which their population ages differs, and thus the pressure on capital-labor ratios. If capital markets are integrated, differences in population aging may lead to cross-country spillovers, as investors freely seek the best returns on capital. Using a multi-country overlapping-generations model covering 14 European Union countries, I quantify spillovers and find that capital market integration leads to redistribution across countries over the long run. For instance, GDP per capita would on average be 2.9 %-points lower in Germany in each of the next 50 years if capital markets were perfectly integrated and public debts kept constants with increases in labor income taxes, compared to a closed economy case; by contrast, GDP per capita would on average be 2.1 %-points higher in France, whose population ages slower than in Germany. I also show that pension reforms can change the cross-country redistribution patterns, some countries losing from capital market integration without the reform but winning with it.

Population aging challenges the financing of social security systems in developed economies, as the fraction of the population in working age declines. The resulting pressure on capital-labor ratios translates into a pressure on factor prices and production. While European countries all face this challenge, the speed at which their population ages differs, and thus the pressure on capital-labor ratios. If capital markets are integrated, differences in population aging may lead to cross-country spillovers, as investors freely seek the best returns on capital. Using a multi-country overlapping-generations model covering 14 European Union countries, I quantify spillovers and find that capital market integration leads to redistribution across countries over the long run. For instance, GDP per capita would on average be 2.9 %-points lower in Germany in each of the next 50 years if capital markets were perfectly integrated and public debts kept constants with increases in labor income taxes, compared to a closed economy case; by contrast, GDP per capita would on average be 2.1 %-points higher in France, whose population ages slower than in Germany. I also show that pension reforms can change the cross-country redistribution patterns, some countries losing from capital market integration without the reform but winning with it.

The 2008 global financial and economic crisis led to a significant increase in unemployment rates in most developed economies, yet despite the rising supply of labor, a high share of employers claim that they cannot find the right talent and skills. Concerns that economic restructuring and changing skill needs associated with new technologies and workplace organization practices will not be met by an adequately skilled workforce, has placed the issue of skill mismatch - the incongruence between skill supply and skill demand - high up in the policy agenda. This volume contains eleven original research articles which deal with the linkages between education and skills and the causes and consequences of different types of skill mismatch. Topics include the way graduate jobs can be defined, the labor market decisions and outcomes of graduates, the determinants of the overeducation wage penalty, the determinants and consequences of underskilling, the wage return of skills, the impact of skill mismatch on aggregate productivity, and the role of work-related training and job complexity on skill development.