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We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across different periods to identify lifecycle profiles masks...
Persistent link: https://www.econbiz.de/10012839357
We investigate how an artist's death impacts on the price of her artwork by estimating individual death effects of a sample of famous visual artists who died between 1985 and 2010. Using data from art auctions that took place in a narrow window around the artists' death, we apply various...
Persistent link: https://www.econbiz.de/10012838246
Mortality and economic contraction during the 1918-1920 Great Influenza Epidemic provide plausible upper bounds for …
Persistent link: https://www.econbiz.de/10012839262
We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life expectancy magnifies the negative effect on the...
Persistent link: https://www.econbiz.de/10012866873
that mortality rises with age and a large share of HCE is caused by proximity to death. This hypothesis has spurned a large …
Persistent link: https://www.econbiz.de/10012858634
This paper evaluates whether the level of public corruption influences COVID-19 case fatality rates. Using cross-section data, including 64 countries and multiple regression techniques, we find that the level of corruption is positively and significantly associated with COVID-19 human costs....
Persistent link: https://www.econbiz.de/10013239558
Natural disasters have been a major cause of human suffering. Countries with higher income, lower inequality, lower corruption, and more democratic regimes have been found to experience less casualties from disasters. Government repression, however, could also play a role in disaster...
Persistent link: https://www.econbiz.de/10013111993
example, report contradictory effects of education and compulsory schooling on mortality - ranging from zero to large … mortality reductions. Using data from 19 compulsory schooling reforms implemented in Europe during the twentieth century, we … quantify the mean mortality effect and explore its dispersion across gender, time and countries. We find that men benefit from …
Persistent link: https://www.econbiz.de/10010281040
This paper analyzes sin goods consumption when individuals exhibit present-focused preferences. It considers three types of present focus: present-bias with varying degrees of naiveté, Gul-Pesendorfer preferences, and a dual-self approach. We investigate the incentives to deviate from healthy...
Persistent link: https://www.econbiz.de/10012836009
We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using panel data from eighteen annual waves of the British Household Panel Survey. For identification, we exploit random variation in household exposure to interest rates generated by...
Persistent link: https://www.econbiz.de/10012866373