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The potential importance of the precautionary motive for saving has been noted in many studies during the last decades. This paper examines the determination of precautionary saving when people have access to intra-family risk sharing. I show that, with uncertain future income, altruism per se...
Persistent link: https://www.econbiz.de/10005644547
A simple model of marriage and divorce predicts that no marriages occur. Yet, in real life, people marry all the time … formed but end in divorce, some last a lifetime. For certain parameterizations a lifelong efficient marriage is guaranteed … exceedingly emotionally unattractive. These results may have some bearing also on other partnerships than marriage. …
Persistent link: https://www.econbiz.de/10005644622
The potential importance of the precautionary motive for saving has been noted in many studies during the last decades. This paper examines the determination of precautionary saving when people have access to intra-family risk sharing. I show that, with uncertain future income, altruism per se...
Persistent link: https://www.econbiz.de/10005669610
obtained more education, are home owners, and, in some countries, among those that are relatively old. …
Persistent link: https://www.econbiz.de/10005642501
We present new evidence on the influence of income inequality on generalized trust. Using individual panel data from … income inequality and trust is particularly strong for people with a strong aversion against income differentials. We also …
Persistent link: https://www.econbiz.de/10005190452
Earlier studies on income inequality and crime have typically used total income or total earnings. However, it is quite … is therefore to disentangle the two effects by, first, estimating region-specific inequality in permanent and transitory … indicate that it is important to separate the two effects; while an increase in the inequality in permanent income yields a …
Persistent link: https://www.econbiz.de/10005644540
This study analyses whether the Swedish school choice reform, enacted in 1992, had different effects on students from different socio-economic backgrounds. We use detailed geographical data on students’ and schools’ locations to construct measures of the degree of potential choice. This...
Persistent link: https://www.econbiz.de/10010945098
We study the effects of performance bonuses in immigrant language training for adults. A Swedish policy pilot conducted in 2009–2010 gave a randomly assigned group of municipalities the right to grant substantial cash bonuses to recently arrived migrants. The results suggest substantial...
Persistent link: https://www.econbiz.de/10010690439
Does limited access to credit explain some of the gap in schooling attainment between children from richer and poorer families? I present new evidence on this important question using data from two loan programs for college students in Chile. Both programs offer loans to students who score above...
Persistent link: https://www.econbiz.de/10010818831
We investigate the efficiency and distributional consequences of a corruptionfighting initiative in Romania targeting the endemic fraud in a high-stakes high school exit exam, which introduced CCTV monitoring of the exam and credible punishment threats. We find that punishment coupled with...
Persistent link: https://www.econbiz.de/10011188493