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The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10010812036
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
empirically the wage gap as well as consumption expenditure parity between public and private sector workers. It tests the … hypothesis that despite a lower level of public sector income in some of the quantiles, if the level of durable goods consumption … income among the public sector workers. The 2004-05 survey of income and consumption by workers in both private and public …
Persistent link: https://www.econbiz.de/10011279356
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the...
Persistent link: https://www.econbiz.de/10011265290
, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …
Persistent link: https://www.econbiz.de/10009216747
expenditure or their consumption of directly child-related goods and services. Instead, eligible mothers stayed out of the labor …
Persistent link: https://www.econbiz.de/10009323402
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that … incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for … the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …
Persistent link: https://www.econbiz.de/10010610160
effects. We exploit the unique design of an aid program's experimental trial to identify its indirect effect on consumption …
Persistent link: https://www.econbiz.de/10005761976
We extend the nonparametric ‘revealed preference’ methodology for analyzing collective consumption behavior (with … consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare … incorporates the possibility of assignable quantity information. This characterizes collective rationality in terms of feasible …
Persistent link: https://www.econbiz.de/10005762164
stochastic simulation of consumption choices in a nonstationarity environment is used to show the robustness of the method for …
Persistent link: https://www.econbiz.de/10009371904