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This paper explores the relationship between household marginal income tax rates, the set of assets that households own … surveys. The empirical findings suggest that a household's marginal tax rate has an important effect its asset allocation … decisions. The probability that a household owns tax-advantaged assets is strongly related to its tax rate on ordinary income …
Persistent link: https://www.econbiz.de/10012471393
total wealth of each household in the Health and Retirement Study by $67,000 in 1992 dollars, raising wealth from employer … provided pension benefits per household by 150 percent in real terms. Changes in retiree health benefits, which have only about …
Persistent link: https://www.econbiz.de/10012471464
If household portfolios are constrained by borrowing and short-sales restrictions asset markets, then alternative … retirement savings systems may affect household welfare by relaxing these constraints. This paper uses a calibrated partial …
Persistent link: https://www.econbiz.de/10012471771
, whose objective is fighting foreign armed groups. We find that foreign armed group attacks on household members are … household member or the village chief, smaller when the victim is another household in the village, and insignificant if the …
Persistent link: https://www.econbiz.de/10012510592
results suggest a potential downside of using household credit as stimulus in emerging markets …
Persistent link: https://www.econbiz.de/10012660064
Mortgage cramdown enabled bankruptcy judges to discharge the underwater portion of a mortgage during Chapter 13 bankruptcy before the Supreme Court disallowed this practice in 1993. We exploit the random assignment of cases to judges to quantify the ex-post effects of Chapter 13 bankruptcy over...
Persistent link: https://www.econbiz.de/10012585384
The growing "electrify everything" movement aims to reduce carbon dioxide emissions by transitioning households and firms away from natural gas toward electricity. This paper considers what this transition means for the customers who are left behind. Like most natural monopolies, natural gas...
Persistent link: https://www.econbiz.de/10012585439
We study how Americans respond to idiosyncratic and exogenous changes in household wealth and unearned income. Our …
Persistent link: https://www.econbiz.de/10012599290
household utility and benefits of eliminating idiosyncratic shocks related to the business cycle as 3.4% of utility. Estimates … the business cycle, estimate the negative skewness of shocks, target moments of idiosyncratic shocks from household … insuring idiosyncratic shocks unrelated to the business cycle, such as the death of a household's prime wage earner and job …
Persistent link: https://www.econbiz.de/10012599299
The growth of the availability and use of detailed household financial transaction microdata has dramatically expanded … the ability of researchers to understand both household decision-making as well as aggregate fluctuations across a wide …
Persistent link: https://www.econbiz.de/10012599317