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to areas where the economy's risk sharing capability can be enhanced. Using household data from the Panel Study of Income … a deeper understanding as to why the economy lacks in specific areas of risk sharing arrangements. As well, it can point … Dynamics, we find that a negligible amount of risk (around 10%) is shared in the aggregate, about 50% is shared within regions …
Persistent link: https://www.econbiz.de/10005475171
Persistent link: https://www.econbiz.de/10010745818
Persistent link: https://www.econbiz.de/10010746297
Globalizing knowledge economies foster conditions that intensify the role and value of organizational reputation risk … reputation risk. Having noted the ambivalence that surrounds ‘risk positions’, we present a re-definition of reputation risk that … encompasses the dynamics of contemporary risk and trust relationships. We explore the capacity of different trust forms to reduce …
Persistent link: https://www.econbiz.de/10010744830
-adjusted income and poverty measures and to analyze their determinants. Taking risk into account increases poverty. The regression …Relying on a Constant Relative Risk Aversion utility function, we use panel data for Argentina to compute risk … analysis suggests that many household characteristics are correlated not only with the average income of the household over …
Persistent link: https://www.econbiz.de/10010746011
countries and the incidence of income fluctuations on household welfare. While the increasing availability of household panel … over time – or, in more general terms, how to measure well-being based on repeated observations of household income. The … this type of analysis given the large fluctuations in household income due to the repeated economic crises in the country. …
Persistent link: https://www.econbiz.de/10010746722
Two issues related to mapping a multi-sector model into a reduced-form value-added model are often neglected: the composition of intermediate goods, and the distinction between value added productivity and gross output productivity. We demonstrate their quantitative significance for the case of...
Persistent link: https://www.econbiz.de/10010745978
A reduction in income tax rates generates substantial dynamic responses within the framework of the standard … neoclassical growth model. The short-run revenue loss after an income tax cut is partly - or, depending on parameter values, even … response of government revenue to tax cuts by a relevant amount. In our benchmark calibration, a reduction in the capital-income …
Persistent link: https://www.econbiz.de/10010746525
This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has …
Persistent link: https://www.econbiz.de/10011071327
In Part A of the present study, subtitled 'The Consumption Function as Solution of a Boundary Value Problem' Discussion Paper No. TE/96/297, STICERD, London School of Economics, we formulated a Brownian model of accumulation and derived sufficient conditions for optimality of a plan generated by...
Persistent link: https://www.econbiz.de/10011170087