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result is derived without specifying income uncertainty, which can follow any kind of stochastically monotone process, and …
Persistent link: https://www.econbiz.de/10014126338
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about …
Persistent link: https://www.econbiz.de/10011600679
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about …
Persistent link: https://www.econbiz.de/10010277847
uncertainty leads households to change their average monthly spending over the next 6-months by -0.95 percent. This negative … second-moment firm uncertainty effect is larger than the positive first-moment effect of firm stock returns. The employer … asymmetric response to `good' and `bad' uncertainty …
Persistent link: https://www.econbiz.de/10012826257
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about …
Persistent link: https://www.econbiz.de/10011630070
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about …
Persistent link: https://www.econbiz.de/10005018741
health care reform in the United States is a potentially important source of households' financial uncertainty. To quantify … the implications of this uncertainty for the real economy, this paper conducts an empirical analysis of the effect of … health care policy uncertainty (HCPU) on two channels of households' economic behavior: consumption and portfolio choice …
Persistent link: https://www.econbiz.de/10012848640
In this paper, we revisit the conventional view on efficient risk sharing that advance information on future shocks is detrimental to welfare. In our model, risk-averse agents receive private and public signals on future income realizations and engage in insurance contracts with limited...
Persistent link: https://www.econbiz.de/10013296128
The objective of this paper is to study when and how much labor supply and savings of heirs respond to inheritances. We estimate fixed effects models following direct heirs, inheriting in 2004, during the years 2000-2008 using Swedish panel data. Our first main result is that the more the heir...
Persistent link: https://www.econbiz.de/10010320267
The objective of this paper is to study when and how much labor supply and savings of heirs respond to inheritances. We estimate fixed effects models following direct heirs, inheriting in 2004, during the years 2000 - 2008 using Swedish panel data. Our first main result is that the more the heir...
Persistent link: https://www.econbiz.de/10010321389