Arbeitspapier
Labour supply responses to financial wealth shocks: Evidence from Italy
We look at how strongly shocks to asset values affect labour supply, using Italian data. We use asset price shocks to provide a measure of wealth changes that is exogenous to households' saving and labour supply. Our results point to significant effects of wealth on hours of work and on whether or not agents leave their jobs. The magnitude of these effects can be substantial, for example for those individuals who suffered larger wealth losses during the financial crisis. Family effects reflect similar responses from men and women on average. Older working-age individuals drive the population results.
- Language
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Englisch
- Bibliographic citation
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Series: IFS Working Papers ; No. W17/29
- Classification
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Wirtschaft
- Subject
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Labour Supply
Financial wealth shocks
Wealth effects
- Event
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Geistige Schöpfung
- (who)
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Bottazzi, Renata
Trucchi, Serena
Wakefield, Matthew
- Event
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Veröffentlichung
- (who)
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Institute for Fiscal Studies (IFS)
- (where)
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London
- (when)
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2017
- DOI
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doi:10.1920/wp.ifs.2017.W1729
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Bottazzi, Renata
- Trucchi, Serena
- Wakefield, Matthew
- Institute for Fiscal Studies (IFS)
Time of origin
- 2017
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