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can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … respondent has a formal funeral cover increases with income and banking status. However, it is lower for individuals receiving … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover …
Persistent link: https://www.econbiz.de/10013094542
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The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10013071385
We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates 'standard …
Persistent link: https://www.econbiz.de/10013315858
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10013032225
Trends in BMI values are estimated by centiles of the US adult population by birth cohorts 1886-1986 stratified by ethnicity. The highest centile increased by some 18 to 22 units in the course of the century while the lowest ones increased by merely 1 to 3 units. Hence, the BMI distribution...
Persistent link: https://www.econbiz.de/10013316188
We review the empirical literature that estimates the causal effect of parent’s schooling on child’s schooling, and conclude that estimates differ across studies. We then consider three explanations for why this is: (a) idiosyncratic differences in data sets; (b) differences in remaining...
Persistent link: https://www.econbiz.de/10013316139
, Portugal, Spain and Sweden. The article explores the conditions of the reduction of employment protection and takes a closer …
Persistent link: https://www.econbiz.de/10013316301
Sweden, we adopt several different approaches to deal with these problems. The results are robust in the sense that …
Persistent link: https://www.econbiz.de/10013316579
Persistent link: https://www.econbiz.de/10013273083