Social Sciences
4 years ago

Windfall gains lead to decreased work hours, impacting labor force participation.

RePEc: Research Papers in Economics
Do Windfall Gains Affect Labour Supply? Evidence from the European Household Panel
Urban Sila, Ricardo M. Sousa

Paper Summary

Related papers

Economics, Econometrics and Finance
4 years ago

New study reveals key predictors of stock returns in global markets

Macroeconomic Analysis
Asset Pricing
Oil Price Shocks
Business, Management and Accounting
4 years ago

Government cuts taxes when stock prices rise, raises them with housing prices.

Retirement Planning
Monetary Models
Macroeconomic Analysis
1 view
Economics, Econometrics and Finance
4 years ago

Portuguese Stock Market Cycle Reveals Duration Dependence in Bear Markets

Monetary Models

Workers tend to work fewer hours after unexpectedly receiving a windfall gain, according to data from the European Household Panel. This effect is more pronounced for younger and older individuals, and mostly negative for married individuals with young children. However, single individuals around the age of 40 may actually work more after a windfall.