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Marriage and Other Risky Assets: A Portfolio Approach

Bertocchi, Graziella; Brunetti, Marianna; Torricelli, … - C.E.P.R. Discussion Papers - 2009

We study the joint impact of gender and marital status on financial investment by testing the hypothesis that marriage …

Persistent link: https://www.econbiz.de/10005123954

'I Vont To Be Alone' Transitions to Independent Living, Marriage and Divorce Among Young Americans

Aassve, Arnstein; Burgess, Simon; Propper, Carol - C.E.P.R. Discussion Papers - 1997

adopt a search theoretic framework to analyse the decisions to: leave the parental home; form a marriage or partnership; and … dissolve a marriage or partnership. We focus, in particular, on the impact of economic factors. Using a 14-year panel dataset …

Persistent link: https://www.econbiz.de/10005504769

Marriage and Divorce since World War II: Analyzing the Role of Technological Progress on the Formation of Households

Greenwood, Jeremy; Guner, Nezih - C.E.P.R. Discussion Papers - 2007

, (ii) an increase in the rate of divorce, and (iii) a decline in the rate of marriage. What can explain this? It is argued … marriage and divorce is developed. Household production benefits from labour-saving technological progress. …

Persistent link: https://www.econbiz.de/10005791474

Love and Taxes - and Matching Institutions

Konrad, Kai A.; Lommerud, Kjell Erik - C.E.P.R. Discussion Papers - 2008

We study a setting with search frictions in the marriage market and with incomplete contracting inside the family …, because he may dislike the implicit income redistribution implied by marriage. Redistributive income taxation may ease this … substitute for redistribution, so that optimal redistribution is reduced. We also introduce a divorce option. Redistributive …

Persistent link: https://www.econbiz.de/10005791664

Public Disclosure and Bank Failures

Cordella, Tito; Levy Yeyati, Eduardo - C.E.P.R. Discussion Papers - 1998

This paper analyses the impact of public disclosure of banks’ risk exposure on banks’ risk taking incentives and its implications in terms of soundness of the banking system. We find that, when banks have a complete control over the volatility of their loan portfolio, public disclosure...

Persistent link: https://www.econbiz.de/10005123714

Does Competition Reduce the Risk of Bank Failure?

Martinez-Miera, David; Repullo, Rafael - C.E.P.R. Discussion Papers - 2008

A large theoretical literature shows that competition reduces banks' franchise values and induces them to take more risk. Recent research contradicts this result: When banks charge lower rates, their borrowers have an incentive to choose safer investments, so they will in turn be safer. However,...

Persistent link: https://www.econbiz.de/10005124382

Is Deposit Insurance A Good Thing, And If So, Who Should Pay for It?

Morrison, Alan; White, Lucy - C.E.P.R. Discussion Papers - 2004

Deposit insurance schemes are becoming increasingly popular around the world and yet there is little understanding of how they should be designed and what their consequences are. In this Paper we provide a new rationale for the provision of deposit insurance. We analyse a model in which agents...

Persistent link: https://www.econbiz.de/10005136557

Too Many to Fail - An Analysis of Time Inconsistency in Bank Closure Policies

Acharya, Viral V; Yorulmazer, Tanju - C.E.P.R. Discussion Papers - 2004

This Paper shows that bank closure policies suffer from a ‘too-many-to-fail’ problem: when the number of bank failures is large, the regulator finds it ex-post optimal to bail out some or all failed banks, whereas when the number of bank failures is small, failed banks can be acquired by the...

Persistent link: https://www.econbiz.de/10005136753

Capital Requirements, Market Power and Risk-Taking in Banking

Repullo, Rafael - C.E.P.R. Discussion Papers - 2003

This Paper presents a dynamic model of imperfect competition in banking where banks can invest in a prudent or a gambling asset. We show that if intermediation margins are small, the banks’ franchise values will be small, and in the absence of regulation only a gambling equilibrium will exist....

Persistent link: https://www.econbiz.de/10005067507

Can Competition in the Credit Market be Excessive?

Caminal, Ramon; Matutes, Carmen - C.E.P.R. Discussion Papers - 1997

We study the welfare implications of market power in a model where banks choose between credit rationing and monitoring in order to alleviate an underlying moral-hazard problem. We show that the effect of banks’ market power on social welfare is the result of two countervailing effects. On the...

Persistent link: https://www.econbiz.de/10005656189

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