Further publications of the WIFO research staff members
The extensive publication activities of the staff members mirror the close links with the international scientific community.
Weitere Publikationen: Thomas Horvath(5 hits)
Alexander Ahammer, Thomas Horvath, Rudolf Winter-Ebmer, The effect of income on mortality – new evidence for the absence of a causal link
Journal of the Royal Statistical Society: Series A (Statistics in Society), 2016, http://onlinelibrary.wiley.com/doi/10.1111/rssa.12240/full
We analyse the effect of income on mortality in Austria by using administrative social security data. To tackle potential endogeneity concerns arising in this context, we estimate time invariant firm-specific wage components and use them as instruments for actual wages. Although we find quantitatively small yet statistically significant effects in our naive least squares estimations, instrumental variables regressions reveal a robust zero effect of income on 10-year death rates for workers aged 40 to 60 years, both in terms of coefficient magnitude and narrow width of confidence intervals. These results are robust to various sample specifications and both linear and non-linear estimation methods.
Thomas Horvath, Christian Glocker, Christine Mayrhuber, Die Entwicklung und Verteilung der Einkommen, in: Sozialbericht 2011-2012. Ressortaktivitäten und Sozialpolitische Analysen
Book chapters, contributions to collected volumes, Wien, 2013, pp.217-245, https://www.sozialministerium.at/cms/site/attachments/7/6/1/CH3434/CMS1452073501419/soziale-sicherheit_sozialbericht-2011.pdf
Editors: Federal Ministry of Labour, Social Affairs and Consumer Protection
Karl Aiginger, Thomas Horvath, Helmut Mahringer, Why Labor Market Response Differed in the Great Recession: The Impact of Institutions and Policy
Danube: Law and Economics Review, 2012, (3), pp.1-19, http://www.degruyter.com/view/j/danb
Online since: 15.10.2015 16:32
Danube: Law and Economics Review, 2012, (3), pp.55-69, http://www.wifo.ac.at/bibliothek/archiv-intern/RSN37515.pdf
Online since: 15.10.2015 17:12
René Böheim, Thomas Horvath, Rudolf Winter-Ebmer, Great expectations: Past wages and unemployment durations
Labour Economics, 2011, (6), pp.778-785, http://www.sciencedirect.com/science/article/pii/S0927537111000704
Decomposing wages into worker and firm wage components, we find that firm-fixed components are sizeable parts of workers' wages. If workers can only imperfectly observe the extent of firm-fixed components in their wages, they might be misled about the overall wage distribution. Such misperceptions may lead to unjustified high reservation wages, resulting in overly long unemployment durations. We examine the influence of previous wages on unemployment durations for workers after exogenous lay-offs and, using Austrian administrative data, we find that younger workers are, in fact, unemployed longer if they profited from high firm-fixed components in the past. We interpret our findings as evidence for overconfidence generated by imperfectly observed productivity.