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We explore the link between portfolio home bias and consumption risk sharing among Italian regions using aggregated … household level information on consumption, income and portfolio holdings. We propose to use data on equity fund ownership to … therefore provide interregional diversification. In assessing the impact of equity fund ownership on interregional risk sharing …
Persistent link: https://www.econbiz.de/10005405969
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …
Persistent link: https://www.econbiz.de/10009364730
model that is calibrated with regard to the characteristics of the US economy. Poor agents accumulate savings predominantly …
Persistent link: https://www.econbiz.de/10005765683
policy consists in full deferral of income taxes on savings and a full taxation of interest. Mobility of the old calls for … savings in combination with full tax exemption on capital income. …
Persistent link: https://www.econbiz.de/10009351472
Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is …
Persistent link: https://www.econbiz.de/10008534059
crisis. The paper recommends obligatory priv ate savings at a variable rate where the time path of the savings rate is chosen …
Persistent link: https://www.econbiz.de/10005181352
We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …
Persistent link: https://www.econbiz.de/10005181527
empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with … indicate that in the South consumption should fall more than in the North when the male household head becomes unemployed. This …
Persistent link: https://www.econbiz.de/10005181601
We analyze stock market reactions to announcements of political appointments from the private sector and corporate appointments of former government officials. Using unique data on corporate affiliations and announcements of all Senate-confirmed U.S. Defense Department appointees of six...
Persistent link: https://www.econbiz.de/10010877749
Is real investment fully determined by fundamentals or is it sometimes affected by stock market misvaluation? We introduce three new tests that: measure the reaction of investment to sales shocks for firms that may be overvalued; use Fama-MacBeth regressions to determine whether "overinvestment"...
Persistent link: https://www.econbiz.de/10005766115