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dc.contributor.authorBASTEN, Christoph
dc.contributor.authorFAGERENG, Andreas
dc.contributor.authorTELLE, Kjetil
dc.date.accessioned2012-08-30T13:35:44Z
dc.date.available2012-08-30T13:35:44Z
dc.date.issued2012
dc.identifier.issn1725-6704
dc.identifier.urihttp://hdl.handle.net/1814/23354
dc.description.abstractWe 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 median lowers the fraction re-employed after a year by seven percentage points. Data on household wealth enable us to verify that the effect is decreasing in prior wealth, which favors an interpretation as liquidity constraints over the alternative of mental accounting. Finding liquidity constraints in Norway, despite its equitable wealth distribution and generous welfare state, means they are likely to exist also in other countries.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2012/21en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectUnemploymenten
dc.subjectOptimal Unemployment Insuranceen
dc.subjectLiquidity Constraintsen
dc.subjectMental Accountingen
dc.subjectSeverance Payen
dc.subjectRegression Discontinuity Designen
dc.subjectC41en
dc.subjectE21en
dc.subjectE24en
dc.subjectJ65en
dc.titleCash-on-Hand and the Duration of Job Search. Quasi-Experimental Evidence from Norwayen
dc.typeWorking Paperen
dc.neeo.contributorBASTEN|Christoph|aut|
dc.neeo.contributorFAGERENG|Andreas|aut|
dc.neeo.contributorTELLE|Kjetil|aut|
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