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Full-Text Articles in Income Distribution
Adverse Life Events And Intergenerational Transfers, Jessamyn Schaller, Chase Eck
Adverse Life Events And Intergenerational Transfers, Jessamyn Schaller, Chase Eck
Upjohn Institute Working Papers
While there has been broad interest in the direct effects of major life events on older households that experience them, little attention has been paid to the intergenerational transmission of those effects— how negative shocks in parents’ households affect the outcomes of their adult children—or to the role that grown children play in helping their parents recover from adverse events. We use regression and event study approaches to examine within-family changes in monetary transfers and informal care following wealth loss, involuntary job displacement, spousal death, and health shocks in retirement-aged households. We find that giving to adult children is responsive …
Wage Insurance As A Policy Option In The United States, Stephen A. Wandner
Wage Insurance As A Policy Option In The United States, Stephen A. Wandner
Upjohn Institute Working Papers
Wage insurance is a program that attempts to help permanently displaced workers transition to employment rapidly, effectively, and equitably. Because displaced workers have been found to suffer substantial earnings losses when they become reemployed, a wage insurance program provides a temporary wage supplement that partially reduces the wage loss experienced by targeted, newly reemployed workers. While participating workers receive a “wage supplement,” the program is called “wage insurance” because of its design as a social insurance program rather than an income transfer program. This paper provides a discussion of the development of wage insurance as a policy option in the …
Profit Sharing: Does It Make A Difference?: The Productivity And Stability Effects Of Employee Profit-Sharing Plans, Douglas Kruse
Profit Sharing: Does It Make A Difference?: The Productivity And Stability Effects Of Employee Profit-Sharing Plans, Douglas Kruse
Upjohn Press
Kruse details the reasons profit sharing plans are implemented and the systemic factors within firms, particularly in relation to unions, that influence whether or not they are successful. Presented is evidence based on a unique database developed from 500 public U.S. firms - matched to firm performance over the period of 1979-1991 - on the two central theories related to profit sharing: 1) The Productivity Theory, and 2) the Stability Theory