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Insurance Decision-Making For Rare Events: The Role Of Emotions
Kunreuther, Howard; Pauly, Mark - National Bureau of Economic Research (NBER) - 2015
This paper describes the results of a web-based multi-period insurance purchasing experiment focusing on how individuals make insurance choices for low-probability, high-consequence events. Participants were told the probability and resulting losses of a hurricane occurring and were informed...
Persistent link: https://www.econbiz.de/10011133524
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Sales Taxes and Internet Commerce
Levin, Jonathan; Einav, Liran; Knoepfle, Dan; … - National Bureau of Economic Research (NBER) - 2012
We estimate the sensitivity of Internet retail purchasing to sales taxes using data from the eBay marketplace. Our first approach exploits the fact that seller locations are revealed only after buyers have expressed interest in an item by clicking on its listing. We use millions of location...
Persistent link: https://www.econbiz.de/10011227921
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Evaluating Welfare with Nonlinear Prices
Reiss, Peter C.; White, Matthew W. - National Bureau of Economic Research (NBER) - 2006
This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer...
Persistent link: https://www.econbiz.de/10005775209
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Making the Most of Capital in the 21st Century
Lindert, Peter H. - National Bureau of Economic Research (NBER) - 2014
historical movements in inequality. This essay ranks the promise of different paths that scholars can usefully follow from the … point to which his book has guided us. The main path to follow is the income inequality history so well paved by Piketty and …'s emphasis on wealth, capital, and the rate of return. Following the income route to better inequality predictions requires …
Persistent link: https://www.econbiz.de/10010951213
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The Validity of Consumption Data: Are the Consumer Expenditure Interview and Diary Surveys Informative?
Meyer, Bruce D.; Bee, Adam; Sullivan, James X. - National Bureau of Economic Research (NBER) - 2012
results suggest that using Diary data to assess inequality trends and other distributional outcomes is likely to lead to …
Persistent link: https://www.econbiz.de/10011271446
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Controversies about the Rise of American Inequality: A Survey
Gordon, Robert J.; Dew-Becker, Ian - National Bureau of Economic Research (NBER) - 2008
This paper provides a comprehensive survey of seven aspects of rising inequality that are usually discussed separately …: changes in labor's share of income; inequality at the bottom of the income distribution, including labor mobility; skill …-biased technical change; inequality among high incomes; consumption inequality; geographical inequality; and international differences …
Persistent link: https://www.econbiz.de/10005085152
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Bequest and Tax Planning: Evidence From Estate Tax Returns
Kopczuk, Wojciech - National Bureau of Economic Research (NBER) - 2006
I study bequest and wealth accumulation behavior of the wealthy (subject to the estate tax) shortly before death. The onset of a terminal illness leads to a very significant reduction in the value of estates reported on tax returns - 15 to 20% with illness lasting "months to years" and about 5...
Persistent link: https://www.econbiz.de/10005087449
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Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach
Guvenen, Fatih; Smith, Anthony A. - National Bureau of Economic Research (NBER) - 2010
This paper uses the information contained in the joint dynamics of households' labor earnings and consumption-choice decisions to quantify the nature and amount of income risk that households face. We accomplish this task by estimating a structural consumption-savings model using data from the...
Persistent link: https://www.econbiz.de/10008534519
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On the Welfare Consequences of the Increase in Inequality in the United States
Krueger, Dirk; Perri, Fabrizio - National Bureau of Economic Research (NBER) - 2003
We investigate the welfare consequences of the stark increase in wage and earnings inequality in the US over the last …
Persistent link: https://www.econbiz.de/10005088566
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Misperceptions About the Magnitude and Timing of Changes in American Income Inequality
Gordon, Robert J. - National Bureau of Economic Research (NBER) - 2009
The rise in American inequality has been exaggerated both in magnitude and timing. Commentators lament the large gap … timing of the rise of inequality is often misunderstood. By some measures inequality stopped growing after 2000 and by others … inequality has not grown since 1993. This cessation of inequality's secular rise in 2000 is evident from the growth of Census …
Persistent link: https://www.econbiz.de/10005088619