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The After Tax Rate of Return Affects Private Savings
Summers, Lawrence H. - 1984
This paper reviews theoretical argumrents and empirical evidence regarding the interest elasticity of savings. It … savings. Moreover, the empirical rrethods used in most previous studies are likely to produce underestimates of the … interestelasticity of savings. New evidence based on direct estimation of utility function parameters suggests that savings are likely to …
Persistent link: https://www.econbiz.de/10012477741
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Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China
Fehr, Hans - 2005
China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long-run supply of capital and long-run general equilibrium prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by...
Persistent link: https://www.econbiz.de/10012467008
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Savings Gluts and Interest Rates : The Missing Link to Europe
Dooley, Michael P. - 2005
Data for world savings rates do not suggest that an aggregate glut of world savings has depressed US and international … interest rates in recent years. Unusual but offsetting changes in savings rates have been limited to three regions: sharp … increased very little. There are two important features of this change in regional savings behavior. First, three-quarters of …
Persistent link: https://www.econbiz.de/10012467159
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Risk Sharing through Capital Gains
Balli, Faruk - 2011
OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing …
Persistent link: https://www.econbiz.de/10012461045
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Why is Trade Not Free? : A Revealed Preference Approach
Adão, Rodrigo; Costinot, Arnaud; Donaldson, Dave; … - National Bureau of Economic Research - 2023
A prominent explanation for why trade is not free is politicians' desire to protect some of their constituents at the expense of others. In this paper we develop a methodology that can be used to reveal the welfare weights that a nation's import tariffs implicitly place on different groups of...
Persistent link: https://www.econbiz.de/10014421223
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Dynamic Price Competition : Theory and Evidence from Airline Markets
Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...
Persistent link: https://www.econbiz.de/10013362001
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Efficiency Effects on the U.S. Economy from Wireless Taxation
Hausman, Jerry - 1999
This paper measures for the first time the economic efficiency effects of the taxation of wireless services, which are taxed by federal, state, and local governments at relatively high rates in the range of 14%-25%. The paper concludes such taxes are a much greater drain on the economy than...
Persistent link: https://www.econbiz.de/10012471502
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Machine Learning and Mobile Phone Data Can Improve the Targeting of Humanitarian Assistance
Aiken, Emily; Bellue, Suzanne; Karlan, Dean; Udry, … - National Bureau of Economic Research - 2021
The COVID-19 pandemic has devastated many low- and middle-income countries (LMICs), causing widespread food insecurity and a sharp decline in living standards. In response to this crisis, governments and humanitarian organizations worldwide have mobilized targeted social assistance programs....
Persistent link: https://www.econbiz.de/10012599360
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Information, Mobile Communication, and Referral Effects
Barwick, Panle Jia - 2019
Information is a crucial ingredient in economic decision making. Yet measuring the extent of information exchange among individuals and its effect on economic outcomes is a difficult task. We use the universe of de-identified cellphone usage records from more than one million users in a Chinese...
Persistent link: https://www.econbiz.de/10012479822
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Experienced Segregation
Athey, Susan - 2020
We introduce a novel measure of segregation, experienced isolation, that captures individuals' exposure to diverse others in the places they visit over the course of their days. Using Global Positioning System (GPS) data collected from smartphones, we measure experienced isolation by race. We...
Persistent link: https://www.econbiz.de/10012481427