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Decomposing Changes in Income Risk Using Consumption Data
Blundell, Richard; Low, Hamish; Preston, Ian - Institute for the Study of Labor (IZA) - 2011
We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross-section data and can allow for mixtures of...
Persistent link: https://www.econbiz.de/10009371904
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Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality
Primiceri, Giorgio; van Rens, Thijs - Institute for the Study of Labor (IZA) - 2007
Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX repeated cross-section data on consumption and income to...
Persistent link: https://www.econbiz.de/10005703321
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Education, Birth Order, and Family Size
Bagger, Jesper; Birchenall, Javier A.; Mansour, Hani; … - Institute for the Study of Labor (IZA) - 2013
We introduce a general framework to analyze the trade-off between education and family size. Our framework incorporates parental preferences for birth order and delivers theoretically consistent birth order and family size effects on children's educational attainment. We develop an empirical...
Persistent link: https://www.econbiz.de/10011212756
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Modelling Charitable Donations to an Unexpected Natural Disaster: Evidence from the U.S. Panel Study of Income Dynamics
Brown, Sarah; Harris, Mark N.; Taylor, Karl - Institute for the Study of Labor (IZA) - 2009
Using household-level data, we explore the relationship between donations to the victims of the 2004 Indian Ocean … tsunami disaster and other charitable donations. The empirical evidence suggests that donations specifically for the victims … donations into different types of philanthropy, with charitable contributions to caring, needy and religious organizations …
Persistent link: https://www.econbiz.de/10008565189
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Donations, Risk Attitudes and Time Preferences: A Study on Altruism in Primary School Children
Angerer, Silvia; Glätzle-Rützler, Daniela; … - Institute for the Study of Labor (IZA) - 2014
tolerance and patience in intertemporal choice increase, in general, the level of donations, albeit the effects are non …
Persistent link: https://www.econbiz.de/10011086478
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Loss Aversion in the Laboratory
Morrison, William G.; Oxoby, Robert J. - Institute for the Study of Labor (IZA) - 2014
We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion protocol (Holt and Laury, 2002). In our experiment, participants earn and retain money for a week before using it in an incentivized risk preference elicitation task. We find...
Persistent link: https://www.econbiz.de/10010884160
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Procrastination, Academic Success and the Effectiveness of a Remedial Program
De Paola, Maria; Scoppa, Vincenzo - Institute for the Study of Labor (IZA) - 2014
Procrastination produces harmful effects for human capital investments and studying activities. Using data from a large sample of Italian undergraduates, we measure procrastination with the actual behaviour of students, considering the delay in finalizing their university enrolment procedure. We...
Persistent link: https://www.econbiz.de/10010884189
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Evidence on Individual Preferences for Longevity Risk
Delprat, Gaëtan; Leroux, Marie-Louise; Michaud, Pierre-Carl - Institute for the Study of Labor (IZA) - 2013
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10010884266
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The Superstar Quest: Does Youth Talent Predict Professional Success for Female and Male Tennis Players?
Grove, Wayne A.; Jetter, Michael - Institute for the Study of Labor (IZA) - 2014
We estimate the relationship between international youth and professional tennis rankings. We find no difference between the predictiveness of rankings from age 14 & Under versus age 16 & Under competitions. The most persistent predictor of professional success is beating older top ranked...
Persistent link: https://www.econbiz.de/10010884294
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Income Receipt and Mortality: Evidence from Swedish Public Sector Employees
Andersson, Elvira; Lundborg, Petter; Vikström, Johan - Institute for the Study of Labor (IZA) - 2014
In this paper, we study the short-run effect of salary receipt on mortality among Swedish public sector employees. By exploiting variation in pay-days across work-places, we completely control for mortality patterns related to, for example, public holidays and other special days or events...
Persistent link: https://www.econbiz.de/10010886134