Narrow search
Showing 1 - 10 of 694
Cover Image
Unemployment and Consumption: Are Job Losses Less Painful near the Mediterranean?
Bentolila, Samuel; Ichino, Andrea - C.E.P.R. Discussion Papers - 2000
In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with … Mediterranean, provide a fundamental source of insurance against unemployment in southern Europe. …
Persistent link: https://www.econbiz.de/10005791504
Cover Image
Sharing High Growth Across Generations: Pensions and Demographic Transition in China
Song, Zheng Michael; Storesletten, Kjetil; Wang, Yikai; … - C.E.P.R. Discussion Papers - 2012
Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population …
Persistent link: https://www.econbiz.de/10011083803
Cover Image
Consumption and Savings with Unemployment Risk: Implications for Employment Contracts
Pissarides, Christopher - C.E.P.R. Discussion Papers - 2002
This Paper derives optimal employment contracts when workers are risk-averse and there are employment and unemployment … risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment … dismissals are optimal if exogenous unemployment compensation is sufficiently generous. …
Persistent link: https://www.econbiz.de/10005124282
Cover Image
The Household Effects of Government Spending
Giavazzi, Francesco; McMahon, Michael - C.E.P.R. Discussion Papers - 2012
This paper provides new evidence on the effects of fiscal policy by studying, using household-level data, how households respond to shifts in government spending. Our identification strategy allows us to control for time-specific aggregate effects, such as the stance of monetary policy or the...
Persistent link: https://www.econbiz.de/10011083759
Cover Image
Non-Separable Preferences and Frisch Labor Supply: One Solution to a Fiscal Policy Puzzle
Bilbiie, Florin Ovidiu - C.E.P.R. Discussion Papers - 2009
This paper proposes a theoretical explanation of the empirical finding that private consumption increases in response to an increase in government spending. The explanation requires two ingredients. First, labor demand expands (e.g. prices are sticky). Second, general non-separable preferences...
Persistent link: https://www.econbiz.de/10008459766
Cover Image
Fiscal Policy, Wealth Effects and Markups
Monacelli, Tommaso; Perotti, Roberto - C.E.P.R. Discussion Papers - 2008
We document that an increase in government purchases generates a rise in consumption, the real and the product wage, and a fall in the markup. This evidence is robust across alternative empirical methodologies used to identify innovations in government spending (structural VAR vs. narrative...
Persistent link: https://www.econbiz.de/10005662286
Cover Image
Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience
Giavazzi, Francesco; Pagano, Marco - C.E.P.R. Discussion Papers - 1995
In earlier work we documented two episodes in which a sharp fiscal consolidation was associated with a surprisingly large expansion in private domestic demand. In this paper we draw on further evidence to investigate if and when fiscal policy changes can have such non-Keynesian effects. In the...
Persistent link: https://www.econbiz.de/10005136472
Cover Image
Getting to the Top of Mind: How Reminders Increase Saving
Karlan, Dean S.; McConnell, Margaret; Mullainathan, Sendhil - C.E.P.R. Discussion Papers - 2010
expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …
Persistent link: https://www.econbiz.de/10008550318
Cover Image
Immigration and Australia's population in the 21st Century. Household Saving, Immigration and the Current Account.
Taslim, M.A. - Research School of Economics, College of Business and … - 1996
There is some concern that immigration contributes to a larger current account deficit in a net borrowing country like Australia. The reason is believed to be that the immigrants on balance have a lower net saving than those born in the country.
Persistent link: https://www.econbiz.de/10004971416
Cover Image
The Savings Behaviour of Temporary and Permanent Migrants in Germany
Bauer, Thomas; Sinning, Mathias - C.E.P.R. Discussion Papers - 2005
This paper examines the relative savings position of migrant households in West Germany, paying particular attention to …), our findings reveal significant differences in the savings rates between foreign-born and German-born individuals. These … the determinants of immigrants’ savings rates reveal that intended return migration does not only affect remittances, but …
Persistent link: https://www.econbiz.de/10005124460