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Welfare Reform and Family Expenditures : How are Single Mothers Adapting to the New Welfare and Work Regime?

Kaushal, Neeraj - 2010

affect total expenditures in households headed by low-educated single mothers. However, patterns of expenditure did change … significant changes in expenditures on childcare or learning and enrichment activities. This pattern of results suggests that … welfare reform has shifted family expenditures towards items that facilitate work outside the home, but, at least so far, has …

Persistent link: https://www.econbiz.de/10012760606

International Student Mobility : Growth and Dispersion

Kaushal, Neeraj - 2019

mobility – the human capital model and the migration model – across traditional and emerging destinations. Our findings suggest … that while the predictions of the migration model are generally valid in explaining student emigration to non …

Persistent link: https://www.econbiz.de/10012868744

Asset Pricing with Heterogeneous Consumers and Limited Participation : Empirical Evidence

Brav, Alon - 2012

We present evidence that the equity premium and the premium of value stocks over growth stocks are explained in the 1982 1996 period with a stochastic discount factor (SDF) calculated as the weighted average of individual households' marginal rate of substitution with low and economically...

Persistent link: https://www.econbiz.de/10013102192

Junior is Rich : Bequests as Consumption

Constantinides, George M. - 2006

We explore the consequences for asset pricing of admitting a bequest motive into an otherwise standard overlapping generations model where agents trade equity and perpetual debt securities. Prices of securities are seen to be approximately 50% higher in an economy with bequests as compared to an...

Persistent link: https://www.econbiz.de/10012783801

Asset Pricing with Heterogeneous Consumers and Limited Participation : Empirical Evidence

Brav, Alon - 2010

The Euler equations of consumption are tested on the household consumption of non-durables and services, reconstructed from the CEX database. The estimated relative risk aversion coefficient of the representative household decreases, and the estimated unexplained mean equity premium decreases,...

Persistent link: https://www.econbiz.de/10012763346

Asset Pricing with Countercyclical Household Consumption Risk

Constantinides, George M. - 2014

We show that shocks to household consumption growth are negatively skewed, persistent, countercyclical, and drive asset prices. We construct a parsimonious model where heterogeneous households have recursive preferences. A single state variable drives the conditional cross-sectional moments of...

Persistent link: https://www.econbiz.de/10013054039

Prices, Consumption, and Dividends Over the Business Cycle : A Tale of Two Regimes

Ghosh, Anisha - 2014

An economy in which investors know the true model and its parameters and filter the regime probability from aggregate consumption history has been empirically rejected. Hypothesizing that prices partly reflect investorsʼ belief about the regime, we infer beliefs from prices. The model fits well...

Persistent link: https://www.econbiz.de/10013043998

The Predictability of Returns with Regime Shifts in Consumption and Dividend Growth

Ghosh, Anisha - 2010

The predictability of the market return and dividend growth is addressed in an equilibrium model with two regimes. A state variable that drives the conditional means of the aggregate consumption and dividend growth rates follows different time-series processes in the two regimes. In linear...

Persistent link: https://www.econbiz.de/10013141268

Health and Mental Health Effects of Local Immigration Enforcement

Wang, Julia Shu-Huah - 2018

We study the effect of two local immigration enforcement policies – Section 287(g) of the Illegal Immigration Reform and Immigrant Responsibility Act and the Secure Communities Program (SC) – that have escalated fear and risk of deportation among the undocumented on the health and mental...

Persistent link: https://www.econbiz.de/10012922215

Do Food Stamps Cause Obesity? Evidence from Immigrant Experience

Kaushal, Neeraj - 2014

I use changes in immigrant eligibility for food stamps under the 1996 federal law and heterogeneous state responses to set up a natural experiment research design to study the effect of food stamps on Body Mass Index (BMI) of adults in immigrant families. I find that in the post-1996 period food...

Persistent link: https://www.econbiz.de/10012752018