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  <title>EconStor Collection:</title>
  <link rel="alternate" href="https://hdl.handle.net/10419/175936" />
  <subtitle />
  <id>https://hdl.handle.net/10419/175936</id>
  <updated>2026-05-12T15:52:49Z</updated>
  <dc:date>2026-05-12T15:52:49Z</dc:date>
  <entry>
    <title>The value of health insurance: A household job search approach</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/315117" />
    <author>
      <name>Conti, Gabriella</name>
    </author>
    <author>
      <name>Ginja, Rita</name>
    </author>
    <author>
      <name>Narita, Renata</name>
    </author>
    <id>https://hdl.handle.net/10419/315117</id>
    <updated>2025-04-25T06:21:03Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: The value of health insurance: A household job search approach
Authors: Conti, Gabriella; Ginja, Rita; Narita, Renata
Abstract: Do households value access to free health insurance when making labor supply decisions? We address this question by exploiting the 2002 introduction of universal health insurance in Mexico (Seguro Popular, SP), that broke the link between access to health care and job contract. Reduced-form estimates show that SP increased informality among less educated families with children by 3.5%. We develop and estimate a household search model that incorporates the value of formal sector amenities relative to pre-reform alternatives, and the value of health insurance. Model estimates show that households value SP by, at most, 1.33 per unit of net cost.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Payroll tax, employment and labor market concentration</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/315139" />
    <author>
      <name>Baumgartner, Erick</name>
    </author>
    <author>
      <name>Corbi, Raphael Bottura</name>
    </author>
    <author>
      <name>Narita, Renata</name>
    </author>
    <id>https://hdl.handle.net/10419/315139</id>
    <updated>2025-04-25T06:22:04Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Payroll tax, employment and labor market concentration
Authors: Baumgartner, Erick; Corbi, Raphael Bottura; Narita, Renata
Abstract: How much employment can be generated by decreasing payroll taxes? We examine this question by exploring the staggered rollout of a large payroll tax reform in Brazil. Using administrative matched employer-employee data, we find an increase of 5 percent on employment due to both firm growth and firm entry, no impact on wages and a significant increase in profits. Moreover, employment effects are driven by less concentrated labor markets, consistent with predictions from an oligopsony model.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Fear, indeterminacy, and policy responses</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/315137" />
    <author>
      <name>Khorrami, Paymon</name>
    </author>
    <author>
      <name>Mendo, Fernando</name>
    </author>
    <id>https://hdl.handle.net/10419/315137</id>
    <updated>2025-04-25T06:20:45Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Fear, indeterminacy, and policy responses
Authors: Khorrami, Paymon; Mendo, Fernando
Abstract: We study the global dynamics of the fully stochastic nonlinear version of the New Keynesian model and analyze the efficacy of various policies as equilibrium selection tools in this context. First, we unveil a new class of equilibria, characterized by selffulfilled beliefs about output volatility in recessions, which no conventional Taylor rule can eliminate. An enriched monetary rule specifically targeting risk premia can restore determinacy but becomes infeasible in the presence of a lower bound to interest rates. Second, and in contrast to monetary policy, the fiscal theory of the price level (FTPL) kills all such self-fulfilling volatility. Our main result that FTPL trims volatile equilibria holds in many contexts, including: under an interest rate peg or active Taylor rule, with any degree of price stickiness (including fully rigid prices), with various types of fiscal rules, and with long-term debt.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Internal migration and labor market adjustments in the presence of non-wage compensation</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/315118" />
    <author>
      <name>Corbi, Raphael Bottura</name>
    </author>
    <author>
      <name>Ferraz, Tiago</name>
    </author>
    <author>
      <name>Narita, Renata</name>
    </author>
    <id>https://hdl.handle.net/10419/315118</id>
    <updated>2025-04-25T06:21:16Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Internal migration and labor market adjustments in the presence of non-wage compensation
Authors: Corbi, Raphael Bottura; Ferraz, Tiago; Narita, Renata
Abstract: In this paper, we argue that adjustments in non-wage compensation are empirically relevant and have important implications for understanding the effects of labor supply shocks. We examine the labor market impacts of internal migration in Brazil through a shift-share approach, which combines weather-induced migration with historical settlement patterns at each destination. Our findings indicate that increasing migration inflows lead to a reduction in formal employment while simultaneously increasing informality by a similar magnitude. Unlike previous studies, we observe a significant negative impact on earnings within the formal sector. Additionally, we provide evidence that the proportion of formal workers receiving non-wage benefits declines, underscoring that substantial adjustments take place in the formal sector, even in a context of high informality. We interpret our results within a framework where formal and informal labor inputs are imperfect substitutes and where non-wage benefits generate predictions that align closely with our empirical findings.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
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