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on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …
Persistent link: https://www.econbiz.de/10005039583
comparison effect, decrease subsequent demand. This tension is particularly important for the distribution of health products in … Northern Uganda in which three health products differing in their scope for learning were initially offered either for free or …
Persistent link: https://www.econbiz.de/10011083717
Persistent link: https://www.econbiz.de/10004992969
In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … smaller consumption losses in Spanish and Italian households. We discuss this finding in the light of different market and … that credit and insurance markets are also more developed in the North than in the South, existing theories of consumption …
Persistent link: https://www.econbiz.de/10005791504
This paper extends the standard model of the life cycle consumption, saving and labor supply in a number of direction. …
Persistent link: https://www.econbiz.de/10004977259
-rich households consume a larger share of their current income when exposed to a higher top income and consumption levels. We argue …
Persistent link: https://www.econbiz.de/10011196035
We study a two-stage sequential search model with two agents who compete for one job. The agents arrive sequentially, each one in a different stage. The agents' abilities are private information and they are derived from heterogeneous distribution functions. In each stage the designer chooses an...
Persistent link: https://www.econbiz.de/10011276381
Can people be helped to stick to their plans with a little help from information? We provide a theoretical and empirical analysis of the effects of reminders and feedback on investment activities involving up-front costs and delayed benefits, such as education and healthy behavior. By means of a...
Persistent link: https://www.econbiz.de/10009322502
This paper proposes a theoretical explanation of the empirical finding that private consumption increases in response … are sticky). Second, general non-separable preferences over consumption and leisure should be such that Frisch labor … supply elasticity is lower than the constant-consumption elasticity; this implies that constant-consumption labor supply …
Persistent link: https://www.econbiz.de/10008459766
We study a class of utility functions that are defined recursively by an aggregator function. In single-agent economies it is known that a sufficient condition for the existence of a balanced growth path is that utility should be homogenous. In the context of a multi-agent economy we show that...
Persistent link: https://www.econbiz.de/10005662210