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Subjective Measures of Economic Well-Being and the Influence of Income Uncertainty
Schwarze, Johannes - Institute for the Study of Labor (IZA) - 2008
This paper provides evidence that subjective measures of individual well being can be used to study the impact of income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study: Satisfaction with household income and the income evaluation...
Persistent link: https://www.econbiz.de/10005233925
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Gambling and the Use of Credit: An Individual and Household Level Analysis
Brown, Sarah; Dickerson, Andy; McHardy, Jolian; Taylor, Karl - Institute for the Study of Labor (IZA) - 2010
use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … between gambling and the use of credit is remarkably stable across household income. In addition to our household level …
Persistent link: https://www.econbiz.de/10008562538
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The Effect of Unemployment on Self-Reported Health and Mental Health in Greece from 2008 to 2013: A Longitudinal Study Before and During the Financial Crisis
Drydakis, Nick - Institute for the Study of Labor (IZA) - 2014
The current study uses six annual waves of the Longitudinal Labor Market Study (LLMS) covering the 2008-2013 period to obtain longitudinal estimations suggesting statistically significant negative effects from unemployment on self-reported health and mental health in Greece. The specifications...
Persistent link: https://www.econbiz.de/10011106166
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Recovery Performance of Primary Agriculture Credit Societies in India: An Assessment
Mazumder, Rabin; Chakravarty, Chandrasekhar; Bhandari, … - Institute for the Study of Labor (IZA) - 2014
Agricultural credit is one of the most crucial inputs in all agricultural development programmes. Access of rural … credit has still remained scarce in India. Primary Agriculture Credit Societies (PACS) working at grass-root level, having … institution. The present study examines the recovery performance of rural credit given by PACS in six different regions of India …
Persistent link: https://www.econbiz.de/10011100176
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Detecting Mortgage Delinquencies
Askitas, Nikos; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2011
Economic hardship is strongly reflected by the housing market. It is the concern of much research, but its analysis is often obstructed by insufficient lagged data. This paper evaluates search intensity for "hardship letter" from Google Insights to detect ensuing mortgage delinquencies. Such...
Persistent link: https://www.econbiz.de/10009225764
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Envy, Guilt, and the Phillips Curve
Ahrens, Steffen; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2012
We incorporate inequity aversion into an otherwise standard New Keynesian dynamic equilibrium model with Calvo wage contracts and positive inflation. Workers with relatively low incomes experience envy, whereas those with relatively high incomes experience guilt. The former seek to raise their...
Persistent link: https://www.econbiz.de/10009646332
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The Transatlantic Banking Crisis: Lessons and EU Reforms
Welfens, Paul J. J. - Institute for the Study of Labor (IZA) - 2009
The key dynamics of the transatlantic banking crisis are analyzed – with emphasis on the fact that the banking disaster of 2007/08 was not really a surprise –, and the five key requirements for restoring stability and efficiency in the EU/OECD banking sector are highlighted. Most important,...
Persistent link: https://www.econbiz.de/10008632734
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Monetary Persistence, Imperfect Competition, and Staggering Complementarities
Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2007
This paper explores the influence of wage and price staggering on monetary persistence. We show that, for plausible parameter values, wage and price staggering are complementary in generating monetary persistence. We do so by proposing the new measure of "quantitative inertia," after discussing...
Persistent link: https://www.econbiz.de/10005822489
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Hyperbolic Discounting and the Phillips Curve
Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2008
Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables.
Persistent link: https://www.econbiz.de/10005763519
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Inflation and Welfare in Long-Run Equilibrium with Firm Dynamics
Janiak, Alexandre; Monteiro, Paulo Santos - Institute for the Study of Labor (IZA) - 2009
We analyze the welfare cost of inflation in a model with cash-in-advance constraints and an endogenous distribution of establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the United States economy and the long-run...
Persistent link: https://www.econbiz.de/10008574592