Blar i Discussion Papers på forfatter "Basten, Christoph"
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Cash-on-Hand and the duration of job search. Quasi-experimental evidence from Norway
Basten, Christoph; Fagereng, Andreas; Telle, Kjetil (Discussion Papers;679, Working paper, 2012)We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months' earnings at the ... -
Saving and portfolio allocation before and after job loss
Basten, Christoph; Fagereng, Andreas; Telle, Kjetil (Discussion Papers;672, Working paper, 2012)Using administrative panel data from Norway, we investigate the development of household labor income, financial wealth and asset holdings over a nine-year period surrounding job loss. Consistent with a simple theoretical ...