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Stock market optimism and participation cost: a mean-variance estimation

Tiseno, Andrea; Paiella, Monica - Society for Economic Dynamics - SED - 2006

Using Italian household data we jointly estimate the yearly cost of participating to the stock market and the cross …

Persistent link: https://www.econbiz.de/10005048003

Accounting for the Heterogeneity in Retirement Wealth

Yang, Fang - Society for Economic Dynamics - SED - 2006

very well the empirical observation that households with similar lifetime incomes hold very different amounts of wealth at … retirement. Income heterogeneity and borrowing constraints are essential in generating the variation in retirement wealth among … in retirement wealth among high lifetime income households …

Persistent link: https://www.econbiz.de/10004977910

Health Insurance and Tax Policy

Jeske, Karsten; Kitao, Sagiri - Society for Economic Dynamics - SED - 2006

The U.S. tax policy on health insurance favors only those offered group insurance through their employers, and is highly regressive since the subsidy takes the form of deductions from the progressive income tax system. The paper investigates alternatives to the current policy. We find that a...

Persistent link: https://www.econbiz.de/10005069352

The Effects of Longevity and Distortions on Education and Retirement.

Pessoa, Samuel de Abreu; Ferreira, Pedro Cavalcanti - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005069380

Unemployment Insurance under Moral Hazard and Limited Commitment:Public versus Private Provision

Worall, Tim; Thomas, Jonathan P - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005069426

Consumption Along the Life Cycle: How Different is Housing?

Yang, Fang - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005069443

Income Redistribution and Disability Insurance

Hatchondo, Juan Carlos; Hopenhayn, Hugo - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005051369

The Dynamics of Chapter 13 Bankruptcy

Eraslan, Hulya; Li, Wenli; Sarte, Pierre-Daniel - Society for Economic Dynamics - SED - 2006

The â€œBankruptcy Abuse Prevention and Consumer Protection Act of 2005â€ makes extensive changes to U.S. consumer bankruptcy regulations. One of its most important features is to prohibit debtors from filing under Chapter 7 when some or all of a debtorâ€™s unsecured liability can be...

Persistent link: https://www.econbiz.de/10005051214

Evidence on the Effect of US Consumer Bankruptcy Exemptions

Grant, Charles - Society for Economic Dynamics - SED - 2004

Bankruptcy (defaulting on one's debts) acts as insurance if it allows default in cases of negative income shocks. However, if debts are not fully recoverable, lenders may instead react by limiting the amount that they allow households to borrow. This upper borrowing limit will increase as the...

Persistent link: https://www.econbiz.de/10005027313

Learning and the Return to Private Equity

Campanale, Claudio - Society for Economic Dynamics - SED - 2004

This paper suggests a solution to the puzzling finding documented in Moskowitz and Vissing-Jorgensen (2002) that the return to an index of private equity is equal to the return to the CRSP index of public equity even though investment in private firms is substantially riskier. It presents an...

Persistent link: https://www.econbiz.de/10005085472