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Fear of Sudden Stops : Lessons from Australia and Chile
Caballero, Ricardo - 2004
vulnerability, drawing lessons from a detailed comparison of the response of Chile and Australia to recent external shocks and from … Australia's historical experience. We argue that in order to understand sudden stops and the mechanisms to smooth them, it is … useful to identify and then distinguish between two inter-related dimensions of investors' confidence: country-trust and …
Persistent link: https://www.econbiz.de/10012468174
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Trust and Health Care-Seeking Behavior
Darden, Michael; Macis, Mario - National Bureau of Economic Research - 2024
We present results from a nationally representative survey of American adults, guided by a simple theoretical model expressing health care-seeking behavior as a function of economic and behavioral fundamentals and highlighting the role of trust. We report several findings. First, we document a...
Persistent link: https://www.econbiz.de/10014468228
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Can Financial Incentives Help People Trying to Establish New Habits? Experimental Evidence with New Gym Members
Carrera, Mariana - 2017
We conducted a randomized controlled trial testing the effect of modest incentives to attend the gym among new members of a fitness facility, a population that is already engaged in trying to change a health behavior. Our experiment randomized 836 new members of a private gym into a control...
Persistent link: https://www.econbiz.de/10012455115
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Do Firms Use Coupons and In-store Discounts to Strategically Market Experience Goods Over the Consumption Life-Cycle? The Case of Cigarettes
Sfekas, Andrew - 2013
Cigarettes are experience goods - most of their utility value only gets revealed when one consumes them. We hypothesize a three phase consumer life cycle for experience goods. Consumers initially do not know their utility from the good or their preferences for particular characteristics, and may...
Persistent link: https://www.econbiz.de/10012459352
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Who Are the Hand-to-Mouth?
Aguiar, Mark A. - 2020
Many households hold little wealth, especially liquid wealth. In precautionary savings models, absent preference heterogeneity, these households should display not only higher marginal propensities to consume (MPCs), but also lower average propensities to consume (APCs) and higher future...
Persistent link: https://www.econbiz.de/10012479167
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The Consumption Response to Seasonal Income : Evidence from Japanese Public Pension Benefits
Stephens, Melvin, Jr - 2010
Japanese public pension benefits, which were distributed quarterly through February 1990 and every other month since then, induce substantial but predictable income fluctuations. The relative magnitude of the payments combined with the delay between payments yields a stronger test of the...
Persistent link: https://www.econbiz.de/10012462314
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Household Debt Overhang Did Hardly Cause a Larger Spending Fall during the Financial Crisis in Australia
Svensson, Lars E. O. - National Bureau of Economic Research - 2021
The "debt-overhang hypothesis" - that households cut back more on their spending in a crisis when they have higher levels of outstanding mortgage debt (Dynan, 2012) - seems to be taken for granted by macroprudential authorities in several countries in their policy decisions, as well as by the...
Persistent link: https://www.econbiz.de/10012533325
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The Wealthy Hand-to-Mouth
Kaplan, Greg - 2014
accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K., Germany, France, Italy, and …
Persistent link: https://www.econbiz.de/10012458591
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The Stench of Failure : How Perception Affects House Prices
Cortés, Kristle; Singh, Mandeep; Solomon, David H.; … - National Bureau of Economic Research - 2022
In Australian real estate markets, about a third of properties are sold at auction. We show that properties that fail auctions sell later for a 2.6% discount. This effect increases for properties failing multiple auctions and when no bids are made. Consistent with a causal channel, the effect...
Persistent link: https://www.econbiz.de/10013477252
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When Bioterrorism Was No Big Deal
Beeson, Patricia E. - 2006
To better understand the potential economic repercussions of a bioterrorist attack, this paper explores the effects of several catastrophic epidemics that struck American cities between 1690 and 1880. The epidemics considered here killed between 10 and 25 percent of the urban population studied....
Persistent link: https://www.econbiz.de/10012466025