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Housing, Household Portfolio, and Intertemporal Elasticity of Substitution: Evidence from the Consumer Expenditure Survey

Hasanov, Fuad - EconWPA - 2005

This paper investigates whether the inclusion of housing in a household portfolio is important to the household’s intertemporal decision making. Households hold portfolios of assets rather than a Treasury bill and/or a stock index and make their spending decisions based on expected total...

Persistent link: https://www.econbiz.de/10005126248

The Rate of Interest or the Rate of Return: Estimating Intertemporal Elasticity of Substitution

Dacy, Douglas; Hasanov, Fuad - EconWPA - 2005

This paper investigates whether the rate of interest such as the Treasury bill rate or the rate of return such as the return on a household portfolio is more relevant to the household’s intertemporal decision making. In a current era, households are diversifiers (to use Tobin’s 1958 term)...

Persistent link: https://www.econbiz.de/10005126444

Pension Contributions as a Commitment device: evidence of sophistication among time-inconsistent households

Sourdin, Patricia - EconWPA - 2005

Sophisticated agents with self-control problems value commitment devices that constrain future choices. Using Australian household data, I test whether these households value commitment devices in the form of illiquid pension contributions. Applying various probabilistic choice models, the...

Persistent link: https://www.econbiz.de/10005556890

Expected utility without utility

Castagnoli, Erio; LiCalzi, Marco - EconWPA - 2005

This paper advances an interpretation of Von Neumann–Morgenstern’s expected utility model for preferences over lotteries which does not require the notion of a cardinal utility over prizes and can be phrased entirely in the language of probability. According to it, the expected utility of a...

Persistent link: https://www.econbiz.de/10005118603

Maternal Employment and Adolescent Risky Behavior

Aughinbaugh, Alison; Gittleman, Maury - EconWPA - 2003

This paper examines the impact of maternal employment during a child’s first three years and during adolescence on his or her decisions to engage in a range of risky behaviors: smoking cigarettes, drinking alcohol, using marijuana and other drugs, engaging in sex and committing crimes. Using...

Persistent link: https://www.econbiz.de/10005125822

The Nature of Unemployment in Urban Ethiopia

Serneels, Pieter - EconWPA - 2004

households use their savings and cut back consumption to cope with unemployment. Those with a father working as a civil servant …

Persistent link: https://www.econbiz.de/10005556068

The Iberian Tigers versus The Celtic Tiger: Economic Growth Paths in an Economic History Perspective

Sequeira, Tiago Neves - EconWPA - 2003

participated in the convergence phenomenon, Ireland, also neutral but democratic, was not able to converge to the developed world …. Since 1973, with petroleum crashes, the process of growth has slowed down in Europe, but it was only after 1985 that Ireland …

Persistent link: https://www.econbiz.de/10005076554

Crescimento Econ\363mico no P\363s-guerra: os Casos de Espanha, Portugal e Irlanda

Sequeira, Tiago - EconWPA - 2002

Persistent link: https://www.econbiz.de/10005556858

The Rise in Returns to Education and the Decline in Household Savings

Chanda, Areendam - EconWPA - 2005

This paper explores the consequences of rising returns to human capital investment on the personal savings rate. Over … to argue the presence of 'skill biased technological progress'. The literature explaining household savings has also … negative relationship between returns to education and savings rates across most of the past century and also a negative …

Persistent link: https://www.econbiz.de/10005076792

SAVINGS MOBILIZATION ROLE OF NIGERIAN COMMERCIAL BANKS:AN ANALYTICAL POLICY STUDY

NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003

MOBILIZING DOMESTIC SAVINGS FOR DEVELOPMENT AND THE CONSTRAINTS IN THE EFFICIENT PERFORMANCE OF THIS ROLE. EMPIRICAL EVIDENCE …

Persistent link: https://www.econbiz.de/10005076971