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A Gini Decomposition Analysis of Inequality in the Czech and Slovak Republics during the Transition
Garner, Thesia I; Terrell, Katherine - C.E.P.R. Discussion Papers - 1998
Disposable income inequality, as measured by the Gini coefficient and using Family Budget Survey data, increased very little, and by a similar amount, from 1989–93 in the Czech Republic and Slovakia. This surprising result is examined with an analysis of changes in the channels of...
Persistent link: https://www.econbiz.de/10005123731
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Fiscal Policy, Wealth Effects and Markups
Monacelli, Tommaso; Perotti, Roberto - C.E.P.R. Discussion Papers - 2008
We document that an increase in government purchases generates a rise in consumption, the real and the product wage, and a fall in the markup. This evidence is robust across alternative empirical methodologies used to identify innovations in government spending (structural VAR vs. narrative...
Persistent link: https://www.econbiz.de/10005662286
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Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience
Giavazzi, Francesco; Pagano, Marco - C.E.P.R. Discussion Papers - 1995
In earlier work we documented two episodes in which a sharp fiscal consolidation was associated with a surprisingly large expansion in private domestic demand. In this paper we draw on further evidence to investigate if and when fiscal policy changes can have such non-Keynesian effects. In the...
Persistent link: https://www.econbiz.de/10005136472
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Non-Separable Preferences and Frisch Labor Supply: One Solution to a Fiscal Policy Puzzle
Bilbiie, Florin Ovidiu - C.E.P.R. Discussion Papers - 2009
This paper proposes a theoretical explanation of the empirical finding that private consumption increases in response to an increase in government spending. The explanation requires two ingredients. First, labor demand expands (e.g. prices are sticky). Second, general non-separable preferences...
Persistent link: https://www.econbiz.de/10008459766
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Insurance companies of the poor
Bold, Tessa; Dercon, Stefan - C.E.P.R. Discussion Papers - 2014
to exist. It also predicts where formal insurance is likely to flourish: insurance groups that hold savings become more … Ethiopian funeral insurance groups and their members to motivate and test our model. Those which hold savings and collect …
Persistent link: https://www.econbiz.de/10011096095
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Continued Existence of Cows Disproves Central Tenets of Capitalism?
Anagol, Santosh; Etang, Alvin; Karlan, Dean S. - C.E.P.R. Discussion Papers - 2013
We examine the returns from owning cows and buffaloes in rural India. We estimate that when valuing labor at market wages, households earn large, negative average returns from holding cows and buffaloes, at negative 64% and negative 39% respectively. This puzzle is mostly explained if we value...
Persistent link: https://www.econbiz.de/10011083843
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Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data
Banerjee, Abhijit; Meng, Xin; Porzio, Tommaso; Qian, Nancy - C.E.P.R. Discussion Papers - 2014
relationship between aggregate fertility and household savings. First, we document that parents perceive children as an important … source of old-age support and that in partial equilibrium, increased fertility lowers household savings. Then, we construct … equilibrium effects can substantially overstate the effect of a change in aggregate fertility on households savings. …
Persistent link: https://www.econbiz.de/10011084282
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Financial Education and Access to Savings Accounts: Complements or Substitutes? Evidence from Ugandan Youth Clubs
Jamison, Julian C.; Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2014
Evidence on the effectiveness of financial education and formal savings account access is lacking, particularly for … shows the education plus account treatment increases bank savings relative to account-only. But survey-measured total … savings shows roughly equal increases across all treatment arms. Earned income also increases in all treatment arms. We find …
Persistent link: https://www.econbiz.de/10011084404
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Trickle-Down Consumption
Bertrand, Marianne; Morse, Adair - C.E.P.R. Discussion Papers - 2015
Using state-level variation over time in the top deciles of the income distribution, we observe that non-rich households consume a larger share of their current income when exposed to a higher top income and consumption levels. We argue that permanent income, wealth effects, and upward local...
Persistent link: https://www.econbiz.de/10011196035
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Out of Sight, Out of Mind: Migration, Entrepreneurship and Social Capital
Wahba, Jackline; Zenou, Yves - C.E.P.R. Discussion Papers - 2009
-migrant. Although migrants lose their original social networks whilst overseas, savings and human capital accumulation acquired abroad …
Persistent link: https://www.econbiz.de/10008558595