Narrow search
Showing 1 - 10 of 359
Cover Image
Wage Risk and Employment Risk over the Life Cycle
Low, Hamish; Meghir, Costas; Pistaferri, Luigi - Institute for the Study of Labor (IZA) - 2008
heterogeneity. Our model allows for four main social insurance programmes. In contrast to simpler models that attribute all income … stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …) insurance against employment risk and no insurance against persistent shocks. …
Persistent link: https://www.econbiz.de/10005822852
Cover Image
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 the time period studied in this paper (1994 – 1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The...
Persistent link: https://www.econbiz.de/10005566824
Cover Image
Loose Knots: Strong versus Weak Commitments to Save for Education in Uganda
Karlan, Dean; Linden, Leigh L. - Institute for the Study of Labor (IZA) - 2014
Commitment devices offer an opportunity to restrict future choices. However, if severe restrictions deter participation, weaker restrictions may be a more effective means of changing behavior. We test this using a school-based commitment savings device for educational expenses in Uganda. We...
Persistent link: https://www.econbiz.de/10010735247
Cover Image
The Impact of Education on the Subjective Discount Rate in Ugandan Villages
Bauer, Michal; Chytilová, Julie - Institute for the Study of Labor (IZA) - 2009
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10004999928
Cover Image
Behavioral Foundations of Microcredit: Experimental and Survey Evidence from Rural India
Bauer, Michal; Chytilová, Julie; Morduch, Jonathan - Institute for the Study of Labor (IZA) - 2010
Microcredit is an innovative financial tool designed to reduce poverty and fix credit market imperfections. We use experimental measures of time discounting and risk aversion for villagers in south India to highlight behavioral features of microcredit. Conditional on borrowing from any source,...
Persistent link: https://www.econbiz.de/10008560756
Cover Image
Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence
Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - Institute for the Study of Labor (IZA) - 2007
We develop and estimate a model of dynamic interactions between households where commitment is limited and contracts are incomplete to explain the patterns of income and consumption growth in village economies of less developed countries. Households can insure through both formal contracts and...
Persistent link: https://www.econbiz.de/10005566519
Cover Image
Large Panels with Common Factors and Spatial Correlations
Pesaran, M. Hashem; Tosetti, Elisa - Institute for the Study of Labor (IZA) - 2007
This paper considers the statistical analysis of large panel data sets where even after conditioning on common observed effects the cross section units might remain dependently distributed. This could arise when the cross section units are subject to unobserved common effects and/or if there are...
Persistent link: https://www.econbiz.de/10005703218
Cover Image
Insurance versus Savings for the Poor: Why One Should Offer Either Both or None
Landmann, Andreas; Vollan, Björn; Frölich, Markus - Institute for the Study of Labor (IZA) - 2012
This paper analyzes data from a novel field experiment designed to test the impact of two different insurance products … simulated by a lottery. Risk-sharing is possible in solidarity groups of three and insurance is introduced via less risky … insurance if shocks are observable. Depending on insurance design, there is also evidence for persistence of this effect even if …
Persistent link: https://www.econbiz.de/10009646309
Cover Image
The Supply of Child Labour
Cigno, Alessandro - Institute for the Study of Labor (IZA) - 2004
examines the effect of credit, insurance, and poverty (defined as more than just low income). It also explains bonded child …
Persistent link: https://www.econbiz.de/10005763893
Cover Image
Structural Change and the Kaldor Facts of Economic Growth
Foellmi, Reto; Zweimüller, Josef - Institute for the Study of Labor (IZA) - 2002
We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10005566639