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The Welfare Effects of Time Reallocation : Evidence from Daylight Saving Time
Costa-Font, Joan; Fleche, Sarah; Pagan, Ricardo - 2021
Daylight Saving Time (DST) is currently implemented by more than seventy countries, yet we do not have a clear knowledge of how it affects individuals’ welfare. Using a regression discontinuity design combined with a differences-in-differences approach, we find that the Spring DST causes a...
Persistent link: https://www.econbiz.de/10013218293
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Time Savings When Working from Home
Aksoy, Cevat; Barrero, Jose; Bloom, Nicholas; Davis, … - 2023
We quantify the commute time savings associated with work from home, drawing on data for 27 countries. The average … daily time savings when working from home is 72 minutes in our sample. We estimate that work from home saved about two hours …. Workers allocate 40 percent of their time savings to their jobs and about 11 percent to caregiving activities. People living …
Persistent link: https://www.econbiz.de/10014262035
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Tax incentives, bequest motives, and the demand for life insurance: Evidence from two natural experiments in Germany
Sauter, Nicolas; Walliser, Jan; Winter, Joachim - 2010
Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is scarce. This paper studies two natural experiments to identify the effects of tax incentives and bequest motives on life-insurance demand. An unanticipated tax reform in 2000...
Persistent link: https://www.econbiz.de/10010270489
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The savings-inflation puzzle
Heer, Burkhard; Süssmuth, Bernd - 2006
We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …
Persistent link: https://www.econbiz.de/10010261403
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Impatience and Uncertainty : Experimental Decisions Predict Adolescents' Field Behavior
Sutter, Matthias - 2011
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of...
Persistent link: https://www.econbiz.de/10013118350
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Indebted Demand
Mian, Atif R. - 2020
We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation that borrowers and savers differ in their marginal...
Persistent link: https://www.econbiz.de/10012836950
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The Saving Glut of the Rich and the Rise in Household Debt
Mian, Atif R. - 2020
Rising income inequality since the 1980s in the United States has generated a substantial increase in saving by the top of the income distribution, which we call the saving glut of the rich. The saving glut of the rich has been as large as the global saving glut, and it has not been associated...
Persistent link: https://www.econbiz.de/10012837475
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The Optimal Amount of Attention to Capital Income Risk and Heterogeneous Precautionary Saving Behavior
Yin, Penghui - 2019
This paper studies attention allocation behavior of rationally inattentive consumers who have CRRA preferences, face uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to capital income risk, we solve for the optimal...
Persistent link: https://www.econbiz.de/10012892117
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The Invariant Distribution of Wealth and Employment Status in a Small Open Economy with Precautionary Savings
Bayer, Christian - 2019
We study optimal savings in continuous time with exogenous transitions between employment and unemployment as the only …
Persistent link: https://www.econbiz.de/10012892186
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Cash in Hand and Savings Decisions
Spantig, Lisa - 2019
study how cash in hand influences decisions in a different but very important domain: savings. Savings accounts are a … promising tool for reducing poverty, but the use of savings accounts is often puzzlingly low. Holding on to cash that needs to … be physically deposited into a savings account may increase the psychological costs of saving. This study experimentally …
Persistent link: https://www.econbiz.de/10012865170