Showing 1 - 10 of 288
This paper examines aggregate savings in a general equilibrium model where infinitely lived households face volatile … when income is constant. This additional capital accumulation has sometimes been interpreted as precautionary savings, but … I demonstrate that it is mostly generated by permanent-income motives. -- equilibrium interest rate ; aggregate savings …
Persistent link: https://www.econbiz.de/10002679474
Persistent link: https://www.econbiz.de/10000934923
Persistent link: https://www.econbiz.de/10000167954
application to the income-consumption relationship, using monthly US time series. Evidence is found to support the claim that the … series ; business cycles ; conditional distribution ; consumption-income relationship ; copula ; multivariate time …
Persistent link: https://www.econbiz.de/10001714617
Behavioral economics provides several motivations for the common observation that agents appear somewhat unwilling to deviate from recent choices: salience, inertia, the formation of habits, the use of rules of thumb, or the locking in on certain modes of behavior due to learning by doing. This...
Persistent link: https://www.econbiz.de/10002640702
Persistent link: https://www.econbiz.de/10000920355
Persistent link: https://www.econbiz.de/10000920367
Persistent link: https://www.econbiz.de/10000955999
This paper identifies the pertinent institutions governing the structure of payoffs with regard to female career progression. Drawing on recent insights in behavioral economics, we hypothesize that interactions between psychological mechanisms and the institutional setup may be important...
Persistent link: https://www.econbiz.de/10002482570
Persistent link: https://www.econbiz.de/10000956033