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Europe > Norway

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • 'Panel Data Models; Spatio-temporal Models' x
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Cover IMF Working Papers
Work Absence in Europe
Mr. Leo Bonato
and
Ms. Lusine Lusinyan
Work absence is an important part of the individual decision on actual working hours. This paper focuses on sickness absence in Europe and develops a stylized model where absence is part of the labor-leisure decision made by workers and the production decision made by profit-maximizing firms, with insurance provisions and labor market institutions affecting the costs of absence. The results from a panel of 18 European countries indicate that absence is increased by generous insurance schemes where employers bear little responsibility for their costs. Shorter working hours reduce absence, but flexible working arrangements are preferable if labor supply erosion is a concern.
Keywords:
WP; sickness absence; labor force; sick pay; labor market; unemployment insurance; working time; social insurance; panel data; Europe; absence rate; employment protection; sickness insurance; Insurance; Employment protection; Labor supply; Unemployment benefits
Cover IMF Working Papers
Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions
International Monetary Fund
This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading inferences about the key determinants of savings behavior. The results indicate that among the many variables considered in the literature only the fiscal variables—the general government surplus as a proportion of GDP and the ratio of government consumption to GDP—are important determinants of private savings rates in the industrial countries in the post-World War II period.
Keywords:
WP; mover accent; Saving behavior; OECD; cross-country studies; panel data models; slope heterogeneity; dynamics; Ricardian effect; slope coefficient; MG estimate; long-run coefficient; savings rate; panel data; country regression; coefficient estimate; wealth-GDP ratio; Private savings; Income; Real interest rates; Government consumption