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How many consumers are rational?
Hoderlein, Stefan - 2009
Rationality places strong restrictions on individual consumer behavior. This paper is concerned with assessing the validity of the integrability constraints imposed by standard utility maximization, arising in classical consumer demand analysis. More specifically, we characterize the testable...
Persistent link: https://www.econbiz.de/10003908559
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Consumption Uncertainty and Precautionary Saving
Christelis, Dimitris - 2016
Using survey data from a representative sample of Dutch households, we estimate the strength of the precautionary saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher for the young and the self-employed, and is correlated...
Persistent link: https://www.econbiz.de/10013000340
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Consumption Uncertainty and Precautionary Saving
Christelis, Dimitris - 2018
Using survey data from a representative sample of Dutch households, we estimate the strength of the precautionary saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher for the young and the self-employed, and is correlated...
Persistent link: https://www.econbiz.de/10012936705
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Consumption Uncertainty and Precautionary Saving
Christelis, Dimitris - 2017
Using survey data from a representative sample of Dutch households, we estimate the strength of the precautionary saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher for the young and the self-employed, and is correlated...
Persistent link: https://www.econbiz.de/10012970398
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Labor income profiles are not heterogeneous : evidence from income growth rates
Hryshko, Dmytro - In: Quantitative economics : QE ; journal of the … 3 (2012) 2, pp. 177-209
heterogeneity in individual incomes and calibrating/estimating macromodels with incomplete insurance markets and heterogeneous …
Persistent link: https://www.econbiz.de/10011756817
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Heterogeneous life-cycle profiles, income risk and consumption inequality
Primiceri, Giorgio E.; van Rens, Thijs - 2007
Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX repeated cross-section data on consumption and income to...
Persistent link: https://www.econbiz.de/10010276396
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Heterogeneity and risk sharing in village economies
Chiappori, Pierre-André; Krislert Samphantharak; … - In: Quantitative economics : QE ; journal of the … 5 (2014) 1, pp. 1-27
, we measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model, which we … then test allowing for this heterogeneity. There is substantial, statistically significant heterogeneity in estimated risk … preferences are unrelated to wealth or other characteristics. The heterogeneity matters for policy: Although the average household …
Persistent link: https://www.econbiz.de/10011757115
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Unobservable, but unimportant? : the influence of personality traits (and other usually unobserved variables) for the estimation of treatment effects ; conference paper
Caliendo, Marco; Mahlstedt, Robert; Mitnik, Oscar A. - 2014 - Preliminary version, this draft: February 28, 2014
A large and highly used number of treatment effects estimators rely on the unconfoundedness assumption ("selection on observables") which is fundamentally non testable. When evaluating the effects of labor market policies, researchers need to observe both variables that affect treatment...
Persistent link: https://www.econbiz.de/10010487253
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The Impact of Financial Literacy and Financial Well-Being toward Online Shopping Activities during COVID-19 among Students Residing in Malaysia
Susanto, Sebastian Filbert - 2021
The purpose of this study is to measured and analysed the relationship and correlations of the financial literacy, financial well-being, COVID-19 daily life influence, and individual’s monthly income toward the online shopping activities, which is measured through the estimated average monthly...
Persistent link: https://www.econbiz.de/10014351678
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Non-parametric inference for the effect of a treatment on survival times with application in the health and social sciences
Luna, Xavier de; Johansson, Per - 2009
In this paper we perform inference on the effect of a treatment on survival times in studies where the treatment assignment is not randomized and the assignment time is not known in advance. Two such studies are discussed: a heart transplant program and a study of Swedish unemployed eligible for...
Persistent link: https://www.econbiz.de/10010269367