Similar Search Results

On the Evolution of the US Consumer Wealth Distribution

Hintermaier, Thomas; Koeniger, Winfried - C.E.P.R. Discussion Papers - 2010

We use all available waves of the Survey of Consumer Finances to document the evolution of the wealth distribution in the US since the 1980s. We then rely on the shape of this distribution to estimate a life-cycle incomplete markets model. We find that considering a wide range of net-worth...

Persistent link: https://www.econbiz.de/10008468610

Vanishing Third World Emigrants?

Hatton, Timothy J.; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2009

This paper documents a stylized fact not well appreciated in the literature. The Third World has been undergoing an emigration life cycle since the 1960s, and, except for Africa, emigration rates have been level or even declining since a peak in the late 1980s the early 1990s. The current...

Persistent link: https://www.econbiz.de/10004972165

Human Capital and Optimal Positive Taxation of Capital Income

Bovenberg, A Lans; Jacobs, Bas - C.E.P.R. Discussion Papers - 2005

investment, financial savings, and labour supply with heterogenous individuals. A dual income tax with a positive marginal tax … than that on labour income if savings are elastic compared to investment in human capital; substitution between inputs in …

Persistent link: https://www.econbiz.de/10005123828

Innovative Clusters and the Industry Life Cycle

Audretsch, David B; Feldman, Maryann P - C.E.P.R. Discussion Papers - 1995

The purpose of this paper is to link the propensity for innovative activity to cluster spatially to the stage of the industry life cycle. The theory of knowledge spillovers, based on the knowledge production function for innovative activity, suggests that geographic proximity matters most in...

Persistent link: https://www.econbiz.de/10005497876

Consumption Over the Life-Cycle

Gourinchas, Pierre-Olivier; Parker, Jonathan A - C.E.P.R. Discussion Papers - 2000

-stock agents. Around the age of 40, the typical household starts accumulating liquid assets for retirement and its behaviour mimics …

Persistent link: https://www.econbiz.de/10005504201

Winners and Losers in Housing Markets

Kiyotaki, Nobuhiro; Michaelides, Alexander; Nikolov, Kalin - C.E.P.R. Discussion Papers - 2010

production, and household behavior over a lifetime. We develop a life-cycle model of a production economy in which land and …

Persistent link: https://www.econbiz.de/10011083522

Asset Market Participation and Portfolio Choice over the Life Cycle

Fagereng, Andreas; Gottlieb, Charles; Guiso, Luigi - C.E.P.R. Discussion Papers - 2013

We study the life cycle of portfolio allocation following for 15 years a large random sample of Norwegian households using error-free data on all components of households’ investments drawn from the Tax Registry. Both, participation in the stock market and the portfolio share in stocks, have...

Persistent link: https://www.econbiz.de/10011084665

Do Exporters Gain From VERs?

de Melo, Jaime; Winters, L. Alan - C.E.P.R. Discussion Papers - 1990

welfare. Key parameters of demand and supply are estimated for leather footwear exports from Taiwan subject to the USA Orderly …

Persistent link: https://www.econbiz.de/10005661823

The Impact of Financial Education for Youth in Ghana

Berry, James; Karlan, Dean S.; Pradhan, Menno - C.E.P.R. Discussion Papers - 2015

offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked … money box. After nine months, both programs had significant impacts on savings behavior relative to the control group …, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education …

Persistent link: https://www.econbiz.de/10011249377

Getting to the Top of Mind: How Reminders Increase Saving

Karlan, Dean S.; McConnell, Margaret; Mullainathan, Sendhil - C.E.P.R. Discussion Papers - 2010

expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …

Persistent link: https://www.econbiz.de/10008550318