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If the consumers risk aversion behavior varies intertemporally and if the risk aversion coefficient on future consumption becomes very large, the consumer tends to aim at a fixed future consumption target. A by-product is a reinterpretation of subsistence theories of consumption.
Persistent link: https://www.econbiz.de/10009365364
framework is then employed to analyze the effect of the standard policy prescriptions, i.e., urban employment subsidy and a … rural income subsidy on migration and urban employment. Also, the welfare effect of a subsidy transfer from urban to rural … sector is analyzed. The results, especially in the case of the rural subsidy provision, are qualitatively different from …
Persistent link: https://www.econbiz.de/10009363491
This paper examines the general relationship between remittances and household expenditures in the Philippines by doing a cross-sectional analysis of the 2003 Family Income and Expenditure Survey (FIES). Unlike past research works, it provides a comprehensive overview of the effect of remittance...
Persistent link: https://www.econbiz.de/10009363577
This paper reports on the impact evaluation study of the Rural Microenterprise Finance Project (RMFP) in the Philippines. RMFP aimed to support efforts of the Government of the Philippines to strengthen rural financial institutions by assisting organizations that employed the Grameen Bank...
Persistent link: https://www.econbiz.de/10009363603
In Pakistan there is a ubiquity of firms in which there exists a controlling shareholder, usually in the form of the family. By and large this control is maintained via crossshareholding and inter-locked directorships which in turn is facilitated by the pyramidal organization of these firms....
Persistent link: https://www.econbiz.de/10009363746
The composition of households frequently change due to births, deaths, divorces, marriages, the departure of children from home, and other compositional changes. Consequently, a large number of people undergo some fundamental change in household arrangements during relatively short periods of...
Persistent link: https://www.econbiz.de/10009363791
This paper examines the relationship between household savings and family size. Household savings are important indicators for family welfare not only in terms of its investment and income generation prospects but also, and perhaps more importantly given pervasive borrowing constraints and...
Persistent link: https://www.econbiz.de/10009365222
This paper looks at the interaction of poverty, fertility preferences and family planning practice in the Philippines using the series of nationally representative Family Planning Surveys conducted annually since 1999 augmented by census and other survey data. Its contribution lies on providing...
Persistent link: https://www.econbiz.de/10009365240
In this paper, I consider why Japans household saving rate was so high in the past and why it has shown a downward trend in more recent years, and based on this analysis, I project future trends in Japans household saving rate. To preview my main findings, I find, first, that Japans household...
Persistent link: https://www.econbiz.de/10009365358
Literature on migration and network effects suggests that the rate of migration is positively related to the extent or degree of personal and community level networks potential migrants have at the destination. However in this particular paper it is shown that when the decision making unit is...
Persistent link: https://www.econbiz.de/10009365373