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intermediation should be zero. Also, when household time and payment services are substitutes in transactions, the optimal tax rate …
Persistent link: https://www.econbiz.de/10013136605
This paper studies loan activity in a context where banks must follow Basel Accord-type rules and acquire financing from households. Loan activity typically decreases when entrepreneurs' investment returns decline, and we study which type of policy could revigorate an economy in a trough. We...
Persistent link: https://www.econbiz.de/10013091686
This paper applies the theory of relational contracts to a model in which a couple decides whether to marry or cohabit … in a household can be supported by self interest. Since the costs of raising children are unequally distributed among …
Persistent link: https://www.econbiz.de/10013117792
differences, variation in the price of child care and domestic productivity differences as determinants of across-household … heterogeneity in second earner labor supply, and of the resulting relationship between household income and the well-being of … household members. A central result is that taking account of a richer and more realistic specification of household time use …
Persistent link: https://www.econbiz.de/10013059499
determinants of across-household heterogeneity in second earner labour supply. We find that individual taxation is welfare …
Persistent link: https://www.econbiz.de/10012993113
sufficient conditions for the existence of competitive equilibria with endogenous household formation and public choice …
Persistent link: https://www.econbiz.de/10013047312
Is unemployment the overwhelming determinant of domestic violence that many commentators expect it to be? The contribution of this paper is to examine, theoretically and empirically, how changes in unemployment affect the incidence of domestic abuse. The key theoretical prediction is that male...
Persistent link: https://www.econbiz.de/10013315745
with resources (commodity bundles) and shares of firm ownership. Household members are characterized by individual … preferences, possibly with intra-household consumption externalities. Household decisions adhere to the collective rationality …
Persistent link: https://www.econbiz.de/10013315948
This paper investigates the benefits of banks' direct investment in foreign subsidiaries and branches for non-financial multinationals. The paper builds on the literature on international banks which has primarily focused on the implications for host countries, rather than for its international...
Persistent link: https://www.econbiz.de/10013123798
Using annual data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We show that the impact of financial variables depends...
Persistent link: https://www.econbiz.de/10013148995