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Optimal Saving Rules for Loss-Averse Agents under Uncertainty

Siegmann, Arjen H. - Tinbergen Instituut - 2001

Most empirical studies assume only monotonic preferences for households. Behavioral research however providessubstantial evidence that preferences for wealth are measured relative to a reference point. In this paper weintroduce and solve a two-period consumption and savings model for a...

Persistent link: https://www.econbiz.de/10011255497

How do Parents allocate Time ?

Bloemen, Hans G.; Stancanelli, Elena G.F. - Tinbergen Instituut - 2008

This paper focuses on the time allocation of spouses and the impact of economic variables. We present a stylized model of the time allocation of spouses to illustrate the expected impact of wages and non-labour income. The empirical model simultaneously specifies three time-use choices -paid...

Persistent link: https://www.econbiz.de/10011255837

An Empirical Analysis of the Time Allocation of Italian Couples: Are Italian Men Irresponsive?

Bloemen, Hans G.; Pasqua, Silvia; Stancanelli, Elena G.F. - Tinbergen Instituut - 2008

This paper analyzes the time allocation of Italian spouses to paid work, childcare and household work. The literature suggests that Italian husbands contribute the least to unpaid household work, relative to other European countries, while Italian women have the lowest market employment rates....

Persistent link: https://www.econbiz.de/10011256368

The Compensating Income Variation of Social Capital

Groot, Wim; Brink, Henriëtte Maassen van den; Praag, … - Tinbergen Instituut - 2007

There is a small but growing literature on the determinants of social capital. Most of these studies use a measure of trust to define social capital empirically. In this paper we use three different measures of social capital: the size of the individual’s social network, the extent of their...

Persistent link: https://www.econbiz.de/10011257224

Marriage Markets and Single Motherhood in South Africa

Gustafsson, Siv; Worku, Seble Y. - Tinbergen Instituut - 2006

This paper studies the effects of local marriage markets on South African women’s marital decisions. The analysis is … Africans aged 20-40 makes us believe that shortage of marriageable men may explain marriage patterns. Economic theory predicts … matter in the marital choice of women who have at least one child. Exposing African women to the White woman’s marriage …

Persistent link: https://www.econbiz.de/10011257253

Teenage Motherhood and Long-run Outcomes in South Africa

Gustafsson, Siv; Worku, Seble - Tinbergen Instituut - 2007

Teenage motherhood is very high in South Africa. In 2001, 55 per thousand African South African women and 82 per thousand Coloured South African women were teenage mothers as compared to 8 among Indian South Africans and 3 among White South African women. In this paper we use the South African...

Persistent link: https://www.econbiz.de/10011257359

Seeing the World with Different Eyes

Koellinger, Philipp; Minniti, Maria; Schade, Christian - Tinbergen Instituut - 2008

Across countries, women own significantly fewer businesses than do men. We show that this is due, in large part, to the fact that the propensity to start businesses of women is significantly lower than that of men. The lower propensity of women, in turn, appears to be highly correlated to...

Persistent link: https://www.econbiz.de/10011255521

The Labor Market in the Great Recession: An Update

Elsby, Michael W.L.; Hobijn, Bart; Sahin, Aysegul; … - Tinbergen Instituut - 2011

Since the end of the Great Recession in mid-2009, the unemployment rate has recovered slowly, falling by only one percentage point from its peak. We find that the lackluster labor market recovery can be traced in large part to weakness in aggregate demand; only a small part seems attributable to...

Persistent link: https://www.econbiz.de/10011255576

Entrepreneurial Moral Hazard in Income Insurance

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

We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....

Persistent link: https://www.econbiz.de/10011256235

Capital Markets Integration, Growth and Income Distribution: A Dynamic Analysis

Viaene, Jean-Marie; Zilcha, Itzhak - Tinbergen Instituut - 1997

See also the publication in the European Economic Review, 2002, 301-327. The paper considers a two-country model of overlapping generations heterogenouseconomies with intergenerational transfers carried out in the form of bequest and investmentin human capital. We examine in competitive...

Persistent link: https://www.econbiz.de/10011261919