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Global Aging and Economic Convergence: A Real Option or Still a Case of Science Fiction?

Dalen, Hendrik P. van - Tinbergen Instituut - 2007

How does global aging affect the convergence in global economic development? Both the developing and developed world will be characterized for the coming decades by aging populations. Changes in the age distribution of a population are an important determinant of economic performance as they...

Persistent link: https://www.econbiz.de/10011255772

Will Islamic Banking make the World less risky? An Empirical Analysis of Capital Structure, Risk Shifting and Financial Stability

Farooq, Moazzam; Wijnbergen, Sweder van; Zaheer, Sajjad - Tinbergen Instituut - 2015

We use a classic Merton credit risk framework to argue that Islamic Banking Institutions (IBIs) face less incentive to take on risks than Conventional Banking Institutions (CBI). IBIs have less incentive for risk shifting both in and outside of distress situations. We test and confirm this...

Persistent link: https://www.econbiz.de/10011272595

Will Islamic Banking make the World less risky? An Empirical Analysis of Capital Structure, Risk Shifting and Financial Stability

Farooq, Moazzam; Wijnbergen, Sweder van; Zaheer, Sajjad - Tinbergen Instituut - 2015

Persistent link: https://www.econbiz.de/10011275100

Religion and Income

Bettendorf, L.; Dijkgraaf, E. - Tinbergen Instituut - 2008

countries. We estimate simultaneously an income and a religion equation to correct for the endogeneity of religiosity. We find … denominational distribution, participation effects and alternative measures of religiosity. …

Persistent link: https://www.econbiz.de/10011256294

Happiness and Financial Satisfaction in Israel. Effects of Religiosity , Ethnicity, and War

Praag, Bernard M.S. van; Romanov, Dmitri; … - Tinbergen Instituut - 2010

are able to differentiate between individuals who vary in religiosity between secular and ultra-orthodox. We find a … significant effect of religiosity on happiness. With respect to Jewish families it is most striking that the impact of family size … on both life and financial satisfaction seems to vary with religiosity. This might be a reason for differentiation in …

Persistent link: https://www.econbiz.de/10011256417

The Bicausal Relation between Religion and Income

Bettendorf, Leon; Dijkgraaf, Elbert - Tinbergen Instituut - 2005

. Religiosity is measured by religious membership and by participation. Instead of estimating separately a religion and an income …

Persistent link: https://www.econbiz.de/10011257256

A Dynamic Utility Maximization Model for Product Category Consumption

Oest, Rutger van; Franses, Philip Hans; Paap, Richard - Tinbergen Instituut - 2002

It is conceivable that the "whether to buy" and "how much tobuy" decisions in the purchasing process of households areinfluenced by the inventory process. In this paper we thereforeput forward a model for consumption, where we rely on establishedeconomic theory. We incorporate this model in a...

Persistent link: https://www.econbiz.de/10011255825

Social Network Effects and Green Consumerism

Hauck, Dominic; Ansink, Erik; Bouma, Jetske; Soest, Daan van - Tinbergen Instituut - 2014

One of the drivers of green consumerism are social network externalities that are associated with buying 'green …' because green consumerism is fashionable, or because of reputation effects. We analyze how the strength of this social network … effect impacts green consumerism, environmental externalities and total welfare. We discuss a model where products are …

Persistent link: https://www.econbiz.de/10011255880

How Consumers use Gift Certificates

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

This discussion paper resulted in the article Broad and Narrow Bracketing in Gift Certificate Spending in the 'European Economic Review' (2014). Volume 66, pages 284-302.<P> We survey 1,050 consumers who have just redeemed one or more open loop gift certicates to learn whether they view gift...</p>

Persistent link: https://www.econbiz.de/10011256075

Environmental Damage and Price Taking Behaviour by Firms and Consumers

Houba, Harold; Kremers, Hans - Tinbergen Instituut - 2009

Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and...

Persistent link: https://www.econbiz.de/10011256264