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Consumer Search Costs and Preferences on the Internet
Jolivet, Grégory; Turon, Hélène - Institute for the Study of Labor (IZA) - 2014
We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted … and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price …'s reputation) by another available advert. To explain the transactions observed on the platform, we derive and estimate a …
Persistent link: https://www.econbiz.de/10011078385
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Evidence on Individual Preferences for Longevity Risk
Delprat, Gaëtan; Leroux, Marie-Louise; Michaud, Pierre-Carl - Institute for the Study of Labor (IZA) - 2013
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10010884266
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Relative Concerns for Consumption at the Top: An Intertemporal Analysis for the UK
Quintana-Domeque, Climent; Wohlfart, Johannes - Institute for the Study of Labor (IZA) - 2014
This paper investigates whether the consumption of rich households provides a reference point in the consumption choices of non-rich households from an intertemporal perspective. Using UK household data on food consumption, we estimate the Euler equation implied by a life-cycle model...
Persistent link: https://www.econbiz.de/10010959734
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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
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Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality
Primiceri, Giorgio; van Rens, Thijs - Institute for the Study of Labor (IZA) - 2007
Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of 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...
Persistent link: https://www.econbiz.de/10005703321
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What Happiness Research Can Tell Us About Self-Control Problems and Utility
Stutzer, Alois; Frey, Bruno S. - Institute for the Study of Labor (IZA) - 2006
Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This...
Persistent link: https://www.econbiz.de/10005703642
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Limited Self-Control, Obesity and the Loss of Happiness
Stutzer, Alois - Institute for the Study of Labor (IZA) - 2007
Obesity has become a major health issue. Research in economics has provided important insights as to how technological progress reduced the relative price of food and contributed to the increase in obesity. However, the increased availability of food might well have overstrained will power and...
Persistent link: https://www.econbiz.de/10005822806
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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
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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
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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