Showing 1 - 10 of 1,182
How do aspirations influence investment decisions for people living in poverty? Does this change as peoples economic conditions improve? To answer these questions, we design a workshop teaching techniques to raise aspirations and plan to achieve them. We cross-randomise this with large...
Persistent link: https://www.econbiz.de/10014372492
Stigma of welfare participation is important for policy and survey design, because it deters program take-up and increases misreporting. Stigma is also relevant to the literature on social image concerns, yet empirical evidence is scant because stigma is difficult to empirically identify. We use...
Persistent link: https://www.econbiz.de/10013334524
A new wave of social service programs aims to build a pathway out of poverty by helping clients define their own goals and then supporting them flexibly and intensively over multiple years to meet those goals. We conduct a randomized controlled trial of one such program. Participants randomly...
Persistent link: https://www.econbiz.de/10015072853
We examine the preferences of low-income households in Kenya over the structure of unconditional cash transfers. We find, first, that most prefer lumpier transfers, and many prefer delayed receipt--unlike the structures typical of safety-net programs, but consistent with evidence on the...
Persistent link: https://www.econbiz.de/10014226127
most of the decline in income poverty in 2021, and its subsequent rise in 2022, to the Child Tax Credit, we show that …
Persistent link: https://www.econbiz.de/10015094894
Business cycle models often abstract from persistent household heterogeneity, despite its potentially significant implications for macroeconomic fluctuations and policy. We show empirically that the likelihood of being persistently financially constrained decreases with cognitive skills and...
Persistent link: https://www.econbiz.de/10014528345
Collateral requirements play an important role in credit markets. This paper shows that the endowment effect …
Persistent link: https://www.econbiz.de/10013210101
considerations influence credit allocation in a politically mature system like the United States without the formal possibility of …
Persistent link: https://www.econbiz.de/10012455874
In this paper we study the neoclassical growth model with idiosyncratic income risk and aggregate risk in which risk sharing is endogenously constrained by one-sided limited commitment. Households can trade a full set of contingent claims that pay off depending on both idiosyncratic and...
Persistent link: https://www.econbiz.de/10014437034
We study the effects of uncertainty on time use and their macroeconomic implications. Employing data from the American … Time Use Survey and the Bureau of Labor Statistics, we document that heightened uncertainty increases housework and reduces …. However, it also reduces aggregate demand, ultimately amplifying uncertainty's recessionary impact. Time reallocation can lead …
Persistent link: https://www.econbiz.de/10014447275