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Using data from three cycles of the National Survey of Family Growth, we investigate whether there were adverse consequences of teenage childbearing in the 1950s and 1960s, when most abortions were illegal, and access to the pill was limited. We find negative effects of teen motherhood on the...
Persistent link: https://www.econbiz.de/10010709587
that the well-being benefits of marriage are short-lasting. Using data from the British Household Panel Survey, we control …
Persistent link: https://www.econbiz.de/10011114858
This paper considers several alternative explanations for the fact that households with higher levels of lifetime income ( the rich') have higher lifetime saving rates (Dynan, Skinner, and Zeldes (1996); Lillard and Karoly (1997)). The paper argues that the saving behavior of the richest...
Persistent link: https://www.econbiz.de/10005829534
This paper provides a critical survey of the large literature on the life cycle model of consumption, both from an empirical and a theoretical point of view. It discusses several approaches that have been taken in the literature to bring the model to the data, their empirical successes and...
Persistent link: https://www.econbiz.de/10008624620
changes. We find that (i) the welfare cost of household-level consumption fluctuations may be overstated by 1.7 percentage …
Persistent link: https://www.econbiz.de/10010796548
We explore household consumption surrounding federal tax returns filings and refunds receipt to test various theories … of consumption. Because uncertainty regarding the refund is resolved at filing, precautionary savings theory predicts an …
Persistent link: https://www.econbiz.de/10010729049
We propose a method for constructing price indices when retailers use periodic sales to price-discriminate amongst heterogeneous customers. To do so, we introduce a model in which Loyal customers buy one brand and do not strategically time purchases, while Bargain Hunters always pay the lowest...
Persistent link: https://www.econbiz.de/10011103513
In a field experiment in Uganda, we find that demand after a free distribution of three health products is lower than after a sale distribution. This contrasts with work on insecticide-treated bed nets, highlighting the importance of product characteristics in determining pricing policy. We put...
Persistent link: https://www.econbiz.de/10010950656
We test the effectiveness of self-help peer groups as a commitment device for precautionary savings, through two randomized field experiments among 2,687 microentrepreneurs in Chile. The first experiment finds that self-help peer groups are a powerful tool to increase savings (the number of...
Persistent link: https://www.econbiz.de/10010821682
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element …, measures of inequality that ignore intra household allocations are both incomplete and misleading. We discuss determinants of … intrahousehold allocation of resources and welfare. We show how the sharing rule, which characterizes the within household …
Persistent link: https://www.econbiz.de/10010780812