Showing 1 - 10 of 2,626
-dependence, loss aversion and diminishing sensitivity - aspects emphasized in Prospect Theory - to social welfare measurement. We … equivalent income. These differences are illustrated using household-level panel data from Russia and Vietnam. …
Persistent link: https://www.econbiz.de/10010291490
welfare maximizing tax structure. We calibrate the model to German household data and a 30 percent emission reduction goal … revenue via household-specific transfers is the first-best policy. Equal per-capita transfers do not suffer from informational …
Persistent link: https://www.econbiz.de/10013239565
across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …
Persistent link: https://www.econbiz.de/10012837475
We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to …
Persistent link: https://www.econbiz.de/10014346252
In 2011, Thailand experienced its worst flood ever. Using repeated waves of the Thai Household Survey, we analyse the …
Persistent link: https://www.econbiz.de/10012866402
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 assess to which degree an international transfer mechanism can enhance consumption risk sharing as well as allocative efficiency and apply our results to the implicit transfers generated by a potential European unemployment benefit scheme (EUBS). Specifically, we first develop a simple model...
Persistent link: https://www.econbiz.de/10013236196
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
investigate this, we estimate an EASI demand system from German household data and a labour supply schedule, using wage data, and …
Persistent link: https://www.econbiz.de/10013314691
In this paper we consider an empirical collective household model of time allocation for two-earner households. The … novelty of this paper is that we estimate a version of the collective household model, where the internally produced goods and … are equally weighted in the household utility function; (3) Differences in the ratio of the partners' hourly wages are …
Persistent link: https://www.econbiz.de/10013316615