5 ms·
From the abstract: Welfare losses, measured as a one-time asset compensation, are 12.5%, 8%, and 7.2% of the present discounted value of earnings for single me
by dash2 8y ago
From the abstract:
Welfare losses, measured as a one-time asset compensation, are 12.5%, 8%, and 7.2% of the present discounted value of earnings for single men, couples, and single women, respectively. Lower wages explain 47-58% of these losses, shorter life expectancies 25-34%, and higher medical expenses account for the rest.
- ajmurmann 8y agoI'm still not clear if higher medical expenses refers to expenses that were directly paid by the worker or also accounts for costs the employer paid as part of the total compensation package but that never passed through the hands of the worker.