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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

The Rise of Female Entrepreneurs: New Evidence on Gender Differences in Liquidity Constraints

Sauer, Robert M.; Wilson, Tanya - Institute for the Study of Labor (IZA) - 2015

Small business activity and female entrepreneurship have become increasingly important features of the UK economy since the start of the Great Recession. In this paper, we re-examine the impact of liquidity constraints on new business formation in an instrumental variables framework, using a...

Persistent link: https://www.econbiz.de/10011265287

On the Definition and Measurement of Chronic Poverty

Aaberge, Rolf; Mogstad, Magne - Institute for the Study of Labor (IZA) - 2007

As an alternative to the conventional methods for measuring chronic poverty, this paper proposes an interpersonal comparable measure of permanent income as a basis for defining and measuring chronic poverty. This approach accounts for the fact that individuals regularly undertake inter-period...

Persistent link: https://www.econbiz.de/10005233735

Automatic Stabilizers and Economic Crisis: US vs. Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2009

This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...

Persistent link: https://www.econbiz.de/10005015490

The Frisch Elasticity in the Mercosur Countries: A Pseudo-Panel Approach

González, Roberto; Sala, Hector - Institute for the Study of Labor (IZA) - 2011

This paper provides estimates for the Mercosur countries of the Frisch elasticity – i.e., the elasticity of substitution between worked hours and real wages holding constant the marginal utility of wealth. We find a strong heterogeneity, with estimated elasticities ranging from 12.8 in...

Persistent link: https://www.econbiz.de/10009323386

Liquidity Constraints, Household Wealth, and Entrepreneurship Revisited

Fairlie, Robert W.; Krashinsky, Harry A. - Institute for the Study of Labor (IZA) - 2006

Hurst and Lusardi (2004) recently challenged the long-standing belief that liquidity constraints are important causal determinants of entry into self-employment. They demonstrate that the oft-cited positive relationship between entry rates and assets is actually unchanging as assets increase...

Persistent link: https://www.econbiz.de/10005703329

Dealer Pricing of Consumer Credit

Bertola, Giuseppe; Hochguertel, Stefan; Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2002

’ intertemporal consumption decisions when their borrowing and lending rates are different not only from each other, but also from the …

Persistent link: https://www.econbiz.de/10005822225

Entrepreneurship, Wealth, Liquidity Constraints and Start-up Costs

Fonseca, Raquel; Michaud, Pierre-Carl; Sopraseuth, Thepthida - Institute for the Study of Labor (IZA) - 2007

We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship. The model predicts that, with liquidity...

Persistent link: https://www.econbiz.de/10005763661

Optimal Price Indices for Targeting Inflation under Incomplete Markets

Anand, Rahul; Prasad, Eswar - Institute for the Study of Labor (IZA) - 2010

for emerging markets, where the share of food expenditures in total consumption expenditures is high and a large …

Persistent link: https://www.econbiz.de/10008531751

Public and Private Sector Jobs, Unreported Income and Consumption Gap in India: Evidence from Micro-Data

Kar, Saibal; Roy, Poulomi; Saha, Sarani - Institute for the Study of Labor (IZA) - 2012

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