Project B2: | Labor income risk and labor market reform: a macroeconomic analysis
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Coordinators: | Prof. Tom Krebs, Ph.D / Junior Prof. Dr. Philip Jung
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Researchers: | |
Summary This project aims to provide a comprehensive economic analysis of labor market reform while taking into account individual income risk and macroeconomic feedback effects. To this end, the project will conduct a comprehensive empirical analysis of labor market risk in Germany and develop a new heterogeneous-agent model with individual income risk and incomplete markets. The calibrated/estimated macroeconomic model will then be used to analyze how various labor market reforms affect the well-being of individual households. | |
