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A Simple Mapping from MPCs to MPXs
Laibson, David I.; Maxted, Peter; Moll, Benjamin - National Bureau of Economic Research - 2022
Standard consumption models assume a notional consumption flow that does not distinguish between nondurable and durable consumption. Such notional-consumption models generate notional marginal propensities to consume (MPC). By contrast, empirical work and policy discussions often highlight...
Persistent link: https://www.econbiz.de/10012814439
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Expenditure Visibility and Consumer Behavior : New Evidence
Heffetz, Ori - 2018
Expenditure visibility--the extent to which a household's spending on a consumption category is noticeable to others--is measured in three new surveys, with ~3,000 telephone and online respondents. Visibility shows little change across time (ten years) and survey methods. Four different notions,...
Persistent link: https://www.econbiz.de/10012480813
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Does Home Owning Smooth the Variability of Future Housing Consumption?
Paciorek, Andrew - 2010
We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner's house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth...
Persistent link: https://www.econbiz.de/10012462126
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Welfare Reform and Family Expenditures : How are Single Mothers Adapting to the New Welfare and Work Regime?
Kaushal, Neeraj - 2006
We study the effect of welfare reform, broadly defined to include social policy changes in the 1990s, on the material well-being and expenditure patterns of poor single-mother families. Our research suggests that welfare reform did not affect total expenditures in households headed by...
Persistent link: https://www.econbiz.de/10012466037
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Life-Cycle Consumption Patterns at Older Ages in the US and the UK : Can Medical Expenditures Explain the Difference?
Banks, James - 2016
ownership and expenses, levels and paths of health status, number of household members, and out-of -pocket medical expenditures … paths in medical expenses--can fully account for the steeper declines in nondurable consumption in the UK compared to the US …
Persistent link: https://www.econbiz.de/10012456166
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Health and Mortality Delta : Assessing the Welfare Cost of Household Insurance Choice
Koijen, Ralph - 2011
We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a portfolio of insurance products. We estimate the model to...
Persistent link: https://www.econbiz.de/10012461333
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The Economic Impacts of the Tobacco Settlement
Cutler, David M. - 2000
participating companies agreed to compensate most states for Medicaid expenses. We outline the terms of the settlement and analyze … whether it was a move toward economic efficiency using data from Massachusetts. Medicaid spending will fall, but only a modest … amount ($0.1 billion). The efficiency issue turns mainly on the treatment of health benefits from reduced smoking induced by …
Persistent link: https://www.econbiz.de/10012470990
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Does Public Insurance Improve the Efficiency of Medical Care? Medicaid Expansions and Child Hospitalizations
Dafny, Leemore - 2000
One of the benefits commonly claimed for expanded public health insurance is improved efficiency of medical care …
Persistent link: https://www.econbiz.de/10012471220
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Market Provision of Public Goods : The Case of Broadcasting
Anderson, Simon P. - 2000
This paper studies the market provision of a specific type of public good: radio and television broadcasts. Its main focus is to explore the ability of the market to provide broadcasting efficiently in a world in which broadcasters earn revenues by selling time to advertisers and advertisements...
Persistent link: https://www.econbiz.de/10012471263
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An Efficiency Approach to the Evaluation of Policy Changes
Coate, Stephen - 1999
This paper describes an efficiency approach to the evaluation of policy changes. Rather than comparing the utility …
Persistent link: https://www.econbiz.de/10012471468