Showing 1 - 10 of 58
We design an experiment to investigate the influence of announced future variations in interest rates and prices on consumption decisions. In an experimental implementation of the discounted utility model, the subjects learn the entire paths of inflation and interest rates prior to deciding on a...
Persistent link: https://www.econbiz.de/10008935224
Cognitive inconsistency, the discrepancy between individuals’ behavior and their self-image, can cause the psychological discomfort called cognitive dissonance. In this paper, we investigate whether providing information that enhances the salience of cognitive inconsistency can increase...
Persistent link: https://www.econbiz.de/10015210427
Overindebted private households have created economic and political concern. Using measures of relative (over-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates whether severe household indebtedness is driven by...
Persistent link: https://www.econbiz.de/10003903627
Despite similar levels of per capita income, education, and technology the development of labour shares in OECD countries has displayed different patterns since 1960. The paper examines the role of demography in this regard. Employing an overlapping generations model we first examine the...
Persistent link: https://www.econbiz.de/10003929142
The development of expenditure for care services is one of the most intensively debated topics in public. However, studies calculating financial provision gaps only focus on the macro-level implications for the compulsory care insurance. In contrast, this paper examines the individuals’...
Persistent link: https://www.econbiz.de/10008933289
This paper examines the purpose of remittances using individual data of migrants in Germany. Particular attention is paid to migrants' savings and transfers to family members in the home country. Our findings indicate that migrants who intend to stay in Germany only temporarily have a higher...
Persistent link: https://www.econbiz.de/10003841616
Adequate housing and affordable warmth are essential human needs, the lack of which may seriously harm people's health. Germany provides an allowance to low-income households, covering the housing as well as the space heating cost, to protect people from the consequences of poor housing...
Persistent link: https://www.econbiz.de/10003841620
Numerous contributions in the literature show that household outcomes are influenced by the distribution of intra-household decision power expressed by bargaining indicators such as relative income of the spouses. Since women can expect a longer retirement period, increased female bargaining...
Persistent link: https://www.econbiz.de/10009124261
It has been shown that higher capital taxes can have a growth-enhancing effect when combined with a revenue-compensating cut in wage taxes (Uhlig and Yanagawa 1996; European Economic Review 40, 1521-1540) or with an expansion in productivity-increasing public services (Rivas 2003; European Economic...
Persistent link: https://www.econbiz.de/10003850899
Time preferences vary by age. Notably, according to experimental studies, senior citizens tend to discount future payoffs more heavily than working-age individuals. Based on these findings, we hypothesize that demographic change has contributed to the cut-back in government-financed investment...
Persistent link: https://www.econbiz.de/10010519083