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US and European Household Debt and Credit Constraints

Crook, Jonathan; Hochguertel, Stefan - Tinbergen Institute - 2007

This paper uses micro data from four OECD countries (the United States, Spain, Italy, and the Netherlands), to assess the determinants of household debt holding and to investigate whether or not credit constraints are important for household debt holding. We extend the existing literature in...

Persistent link: https://www.econbiz.de/10005137368

Entrepreneurial Moral Hazard in Income Insurance

Ejrnaes, Mette; Hochguertel, Stefan - Tinbergen Institute - 2008

We study risk behavior of Danish self-employed entrepreneurs, whose income risk may be driven by both exogenous factors and effort choice (moral hazard). Partial insurance is available through voluntary unemployment insurance (UI). Additional incentives to sign insurance contracts stem from a...

Persistent link: https://www.econbiz.de/10005144470

Who is at the Top? Wealth Mobility over the Life Cycle

Hochguertel, Stefan; Ohlsson, Henry - Tinbergen Institute - 2012

wealth distribution over individual life cycles. There are life-cycle motives and precautionary motives for wealth … accumulation. The opportunities to accumulate wealth create incentives for education, work effort, and entrepreneurship. We would … expect considerable wealth mobility over the life cycle if the life-cycle motives and incentives to accumulate are strong and …

Persistent link: https://www.econbiz.de/10009415515

National and International Income Dispersion and Aggregate Expenditures

Fillat, Carmen; Francois, Joseph - Tinbergen Institute - 2004

We examine linkages between aggregate household income, distribution of that income, and aggregate cross-country expenditure patterns. We are able to decompose income effects into international income dispersion effects (from variations in average income) and national income dispersion (income...

Persistent link: https://www.econbiz.de/10005144560

How Consumers use Gift Certificates

Felso, Flora; Soetevent, Adriaan R. - Tinbergen Institute - 2012

There are two important reasons for consumers to spend gift certificates differently than gifts in cash or non-gift income: a) they are forced to change their shopping pattern because of the conditions imposed by the issuer of the certificates, or b) they purposely separate gift certificates...

Persistent link: https://www.econbiz.de/10009391879

Mapping the Minds of Retirement Planners

Hershey, Douglas A.; Henkens, Kène; Dalen, Hendrik P. van - Tinbergen Institute - 2006

This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch and American workers. Participants were 988 Dutch and 429 Americans, 25-64 years of age. Analyses were designed to: (a) examine the extent to which structural variables were...

Persistent link: https://www.econbiz.de/10005144426

Competing Risks in a Time on the Market Analysis

Wit, Erik R. de - Tinbergen Institute - 2010

Theoretical models on the selling process in the housing market are scarce. Taylor (1999) specifies a model where time-on-the-market gives a quality signal of the house to potential buyers if inspection outcomes of the house are not public. We specify a duration model with competing risks, where...

Persistent link: https://www.econbiz.de/10008838563

Value of Time by Time of Day: A Stated-Preference Study

Tseng, Yin-yen; Verhoef, Erik - Tinbergen Institute - 2007

This paper proposes an alternative, dynamic framework for estimating time-varying values of travel time savings and values of schedule delay, in which time-preferences are represented as the time-varying excess willingness to pay (EWPT) to being in the one location, over being elsewhere. It is...

Persistent link: https://www.econbiz.de/10005136852

The Information Content of a Stated Choice Experiment

Rouwendal, Jan; Blaeij, Arianne de; Rietveld, Piet; … - Tinbergen Institute - 2008

This paper presents a method to assess the distribution of values of time, and values of statistical life, over participants to a stated choice experiment, that does not require the researcher to make an a priori assumption on the type of distribution, as is required for example for mixed logit...

Persistent link: https://www.econbiz.de/10005136932

Who wants Safer Streets? Explaining Concern for Public Safety in Brazil

Pradhan, Menno; Ravallion, Martin - Tinbergen Institute - 2001

Public action to prevent crime is often driven by concerns about public safety. But what generates those concerns ? ]s it crime, or something else ? Using survey data for Brazil, we find that the desire for greater public safety has a positive own-income effect, but a negative neighborhood-...

Persistent link: https://www.econbiz.de/10005136941