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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
The design of pension schemes is crucial in determining savings behavior. The impact of pension schemes on saving rates across countries remains to be an intriguing empirical question considering the complicated nature of the relationship between saving patterns and pension wealth. This paper...
Persistent link: https://www.econbiz.de/10014281529
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
credit constrained. We show here that, when return to human capital is uncertain and insurance are incomplete, the level of … child labour can be inefficiently high even when parents are not credit constrained and bequests are interior. …
Persistent link: https://www.econbiz.de/10005626999
In this paper we study the effects of inheritances on labor and capital income of heirs. We use unique register based Swedish panel data to estimate both short run and medium run responses. The few existing studies have mainly focused on short run responses, using data from the U.S. Models of...
Persistent link: https://www.econbiz.de/10008565791
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/10008868028
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
Research has long documented how different forms of uncertainty, namely risk and ambiguity, influence decision making … uncertainty of potential outcomes. Some decisions may be social in nature where the uncertainty is generated by another person …, whereas other decisions may be non-social involving uncertainty that is generated by probabilistic mechanisms. While past …
Persistent link: https://www.econbiz.de/10013324395
reduce their investments by about 50% more than private firms in periods of elevated policy uncertainty. We find suggestive … shareholders than private firms' management. Furthermore, only public firms invest more efficiently in periods of uncertainty than … confronted with uncertainty …
Persistent link: https://www.econbiz.de/10013229673
This paper analyses vulnerability in Fiji, the Kyrgyz republic, Papua New Guinea and Vanuatu. In incorporating measures of vulnerability there is no major departure from the perspective of MDG1 Analyses of vulnerability, like that in the present paper, emphasize the fact that the debates around...
Persistent link: https://www.econbiz.de/10014059654