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Inequality over the Business Cycle: Estimating Income Risk using Micro-Data on Consumption

Primiceri, Giorgio; Rens, Thijs van - EconWPA - 2002

We use CEX repeated cross-section data on consumption and income, to evaluate the nature of increased income inequality in the 1980s and 90s. We decompose unexpected changes in family income into transitory and permanent, and idiosyncratic and aggregate components, and estimate the contribution...

Persistent link: https://www.econbiz.de/10005126150

Consumer Surveys and Reality

Bovi, Maurizio - EconWPA - 2004

This paper investigates the usefulness of Italian consumer surveys as estimation and forecasting tool over the period 1982-2003. To this end, standard consumption equations are estimated and then compared, in terms of in-sample and out-of-sample predictive ability, with corresponding models...

Persistent link: https://www.econbiz.de/10005412574

Sticky Price Models and Durable Goods

Barsky, Robert; House, Christopher L.; Kimball, Miles - EconWPA - 2005

This paper shows that there are striking implications that stem from including durable goods in otherwise conventional sticky price models. The behavior of these models depends heavily on whether durable goods are present and whether these goods have sticky prices. If long-lived durables have...

Persistent link: https://www.econbiz.de/10005076801

Equilibrium dynamics under lump-sum taxation in an exchange economy with skewed endowments

Puhakka, Mikko - EconWPA - 2005

I explore the dynamics in overlapping generations models with pure exchange and lump-sum taxes, when the second period after tax endowment is negative, and contrast the characteristics of equilibria to those of models with positive after tax endowments. In particular, if the intertemporal...

Persistent link: https://www.econbiz.de/10005126457

How Long Can the U.S. Consumers Carry the economy on Their Shoulders?

Arestis, Philip; Karakitsos, Elias - EconWPA - 2003

The consumer has been on a tightrope since the bursting of the "new economy" bubble, as losses in equity markets have been partly offset by gains in real estate and fiscal support and mortgage refinancing have partly offset increased consumer cautiousness. The consumer will remain on a tightrope...

Persistent link: https://www.econbiz.de/10005408134

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

Can Skill Biased Technological Progress Have a Role in the Decline of the Savings Rate?

Chanda, Areendam - EconWPA - 2002

This paper explores the consequences of skill biased technological progress on the savings rates. The literature, both … burgeoned considerably. So has the literature on declining household savings, motivated by the American experience over the past … couple of decades. I present a general equilibrium model where declining savings rates emerges as an outcome of exogenously …

Persistent link: https://www.econbiz.de/10005412682

Household Credit and Saving: Does Policy Matter?

Lawrence, Peter - EconWPA - 2002

This paper surveys the existing literature on the determinants of household savings and credit in developing countries …

Persistent link: https://www.econbiz.de/10005556083

Savings, Intergenerational Transfers, and the Distribution of Wealth

Ocampo, Ignacio Ponce; Yuki, Kazuhiro - EconWPA - 2005

This paper investigates the quantitative importance of different savings motives on the distributions of wealth and …

Persistent link: https://www.econbiz.de/10005561081

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