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In the simple Allingham-Sandmo portfolio model of tax evasion an expected utility maximizer will cheat more than what is estimated in empirical studies. Two main types of explanation have been suggested as solutions to this puzzle: (1) Tax payers act according to some non-expected utility...
Persistent link: https://www.econbiz.de/10010274740
, desired working hours, and household debt, but have only small effects on expected spending. We provide correlational and … household exposure to stock market crashes for expectation formation …
Persistent link: https://www.econbiz.de/10012835653
This paper examines the effects of the COVID-19 pandemic on stock returns, CDS and economic activity in the US and the five European countries (the UK, Germany, France, Italy, and Spain) which have been most affected. The sample period covers the dates from the first confirmed COVID-19 cases in...
Persistent link: https://www.econbiz.de/10013211119
Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is …
Persistent link: https://www.econbiz.de/10010270489
We analyze welfare implications of policies promoting environmentally friendly vehicles employing rich Swiss micro-data on 23,000 newly purchased cars and their buyers. Our estimates reveal substantial income heterogeneity in price elasticity and electric vehicle (EV) adoption. While CO2 levies...
Persistent link: https://www.econbiz.de/10013266610
We analyze welfare implications of policies promoting environmentally friendly vehicles employing rich Swiss micro-data on 23,000 newly purchased cars and their buyers. Our estimates reveal substantial income heterogeneity in price elasticity and electric vehicle (EV) adoption. While CO2 levies...
Persistent link: https://www.econbiz.de/10013293846
We analyse a long panel of households’ stock market beliefs to gain insights into the nature of their expectations formation processes. We classify respondents into one of five groups based on their data and estimate group-wise models of expectations formation. Two of the groups are at...
Persistent link: https://www.econbiz.de/10012871761
This paper investigates the impact of public employment on household saving rates in China using representative … household-level data. After controlling for a series of variables such as income, risk attitude, financial literacy, and … to a better understanding of Chinese household saving rates, which is of great importance given their extremely high …
Persistent link: https://www.econbiz.de/10013289689
We study how furlough affects household financial distress during the COVID-19 pandemic. Furlough increases the …
Persistent link: https://www.econbiz.de/10013212266
leapfrogging in the social hierarchy. We test this theoretical prediction relying on household data that is representative for …
Persistent link: https://www.econbiz.de/10010292716