Showing 1 - 10 of 81
consumption changes in the US over the period 1952-2001. Theoretically, the effect of labour income risk on consumption changes is …> We investigate the importance of aggregate and consumer-specific or idiosyncratic labour income risk for aggregate … decomposed into an aggregate and into an idiosyncratic part. Empirically, aggregate risk is modelled through a GARCH process on …
Persistent link: https://www.econbiz.de/10011256286
Since the beginnings of the eighties house prices in the Netherlands haveincreased steadily and considerably. In this paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We use the dataof the Dutch socio-economic panel for the...
Persistent link: https://www.econbiz.de/10011256325
, it is shown that government expenditures can cause a rise in private consumption, real wages, and employment if the … to decline. Households are willing to raise consumption if monetary policy is active, i.e. ensures that the real interest … rate rises with inflation. Otherwise, private consumption can also be crowded-out, as in the conventional case where …
Persistent link: https://www.econbiz.de/10011255722
This paper proposes that risk aversion encourages individuals to invest in balancedskill profiles, making them more … the impactsboth of risk aversion and balanced skills on the likelihood individuals chooseentrepreneurship. Data on Dutch … university graduates provides evidence which supportsthis contention. It thereby raises the possibility that even risk …
Persistent link: https://www.econbiz.de/10011255496
This study examines if couples time their work hours and how this work timing influences child care demand and the time that spouses jointly spend on leisure, household chores and child care. By using a innovative matching strategy, this studies identifies the timing of work hours that cannot be...
Persistent link: https://www.econbiz.de/10011255674
If partners derive utility from joint leisure time, it is expected that they will coordinate their work schedules in order to increase the amount of joint leisure. In order to control for differences in constraints and selection effects, this paper uses a new matching procedure, providing...
Persistent link: https://www.econbiz.de/10011256067
This discussion paper led to a publication in <A href="http://www.sciencedirect.com/science/article/pii/S0167487010000954">'Journal of Economic Psychology'</A>, 31(6), 1008-20.<P>We analyze individual satisfaction with life as a whole and satisfaction with the personal financial situation for Israeli citizens of Jewish and Arab descent. Our data set is the Israeli Social Survey...</p></a>
Persistent link: https://www.econbiz.de/10011256417
In this paper it is argued that subjective well-being of the individual depends on two types of variables. The first type consists of characteristics of the individual himself, such as age, health, income, etc. The second type of variables consists of the characteristics of the individuals...
Persistent link: https://www.econbiz.de/10011256511
This discussion paper led to a publication in <A HREF="https://apps.webofknowledge.com/full_record.do?product=UA&search_mode=GeneralSearch&qid=1&SID=X2NBDLnsMJR3Goz6AkG&page=1&doc=7">'CESIFO ECONOMIC STUDIES'</A>, 2007, 53(1), 42-68.<P> After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In Section 2 we sketch the present status of happiness economics....</p></a>
Persistent link: https://www.econbiz.de/10011256611
Psychologists and sociologists usually interpret answers to happiness surveys as cardinal and comparableacross respondents (Kahneman et al. 1999). As a result, these social scientists run OLS regressionson happiness and changes in happiness. Economists, on the other hand, usually only assume...
Persistent link: https://www.econbiz.de/10011256698