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Partial Insurance and Investments in Children

Carneiro, Pedro; Ginja, Rita - Institute for the Study of Labor (IZA) - 2015

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

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

Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality

Primiceri, Giorgio; van Rens, Thijs - Institute for the Study of Labor (IZA) - 2007

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 decompose idiosyncratic changes in income into predictable lifecycle … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

Persistent link: https://www.econbiz.de/10005703321

Longevity, Life-Cycle Behavior and Pension Reform

Haan, Peter; Prowse, Victoria L. - Institute for the Study of Labor (IZA) - 2011

, 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

Decomposing Changes in Income Risk Using Consumption Data

Blundell, Richard; Low, Hamish; Preston, Ian - Institute for the Study of Labor (IZA) - 2011

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

The Response of Consumption in Russian Households to Economic Shocks

Stillman, Steven - Institute for the Study of Labor (IZA) - 2001

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …

Persistent link: https://www.econbiz.de/10005566824

Present-Biased Preferences and Credit Card Borrowing

Meier, Stephan; Sprenger, Charles - Institute for the Study of Labor (IZA) - 2009

Some individuals borrow extensively on their credit cards. This paper tests whether present-biased time preferences correlate with credit card borrowing. In a field study, we elicit individual time preferences with incentivized choice experiments, and match resulting time preference measures to...

Persistent link: https://www.econbiz.de/10004980269

Does Patience Matter for Marriage Stability? Some Evidence from Italy

De Paola, Maria; Gioia, Francesca - Institute for the Study of Labor (IZA) - 2013

Time preferences can affect divorce probability both affecting the quality of the match and affecting the spouses' reactions to negative shocks. We analyze the relationship between time preferences and divorce decisions using data from the Italian Survey on Household Income and Wealth, which...

Persistent link: https://www.econbiz.de/10011103272

Political Uncertainty and Household Savings

Aaberge, Rolf; Liu, Kai; Zhu, Yu - Institute for the Study of Labor (IZA) - 2014

Despite macroeconomic evidence pointing to a negative aggregate consumption response due to political uncertainty, few … papers have used microeconomic panel data to analyze how households adjust their consumption after an uncertainty shock. We …

Persistent link: https://www.econbiz.de/10011105052

Effects of Stress on Economic Decision-Making: Evidence from Laboratory Experiments

Delaney, Liam; Fink, Günther; Harmon, Colm P. - Institute for the Study of Labor (IZA) - 2014

The ways in which preferences respond to the varying stress of economic environments is a key question for behavioral economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision making among individuals aged 50 and older. Using the...

Persistent link: https://www.econbiz.de/10011105080