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Lost in Translation : What Do Engel Curves Tell Us About the Cost of Living?

Almås, Ingvild - 2018

The Hamilton method for estimating CPI bias is simple, intuitive, and has been widely adopted. We show that the method confiates CPI bias with variation in cost-of-living across income levels. Assuming a single price index across the income distribution is inconsistent with the downward sloping...

Persistent link: https://www.econbiz.de/10012922658

Playing with the Good Guys - A Public Good Game with Endogenous Group Formation

Brekke, Kjell Arne - 2013

In public good games, voluntary contributions tend to start off high and decline as the game is repeated. If high contributors are matched, however, contributions tend to stay high. We propose a formalization predicting that high contributors will self-select into groups committed to charitable...

Persistent link: https://www.econbiz.de/10013095928

Are Consumers Planning Consumption According to an Euler Equation?

Dräger, Lena - 2017

Evaluating a new survey dataset of German consumers, we test whether individual consumption plans are formed according to an Euler equation derived from consumption life-cycle models. Estimating several consumption Euler equations, the results are mostly in line with the theory: We find evidence...

Persistent link: https://www.econbiz.de/10012964377

The Effect of Unconventional Fiscal Policy on Consumption Expenditure

D'Acunto, Francesco - 2016

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural experiment for an empirical test of the effectiveness of...

Persistent link: https://www.econbiz.de/10012981297

The Consumption Effects of the 2007-2008 Financial Crisis : Evidence from Household-Level Data

Jensen, Thais - 2015

Did the financial crisis spread from distressed banks to households through a contraction of the credit supply? We study this question with a dataset that contains observations on all accounts in Danish banks as well as comprehensive information about individual account holders and banks. We...

Persistent link: https://www.econbiz.de/10013010472

Does Inequality Matter for the Consumption-Wealth Channel? Empirical Evidence

Arrondel, Luc - 2017

This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household surveys. This heterogeneity is driven by differences in both wealth composition and wealth levels. We find a decreasing marginal propensity to consume out of wealth across the...

Persistent link: https://www.econbiz.de/10012944978

Family Disadvantage and the Gender Gap in Behavioral and Educational Outcomes

Autor, David H. - 2016

Using birth certificates matched to schooling records for Florida children born 1992 – 2002, we assess whether family … gap in neonatal health. We conclude that the gender gap among black children is larger than among white children in … substantial part because black children are raised in more disadvantaged families …

Persistent link: https://www.econbiz.de/10012988233

Sibling Spillovers

Black, Sandra E. - 2017

employ data from the universe of children born in Florida between 1994 and 2002 and in Denmark between 1990 and 2001, which …

Persistent link: https://www.econbiz.de/10012960925

Early Child Care and Child Development : For Whom it Works and Why

Felfe, Christina; Lalive, Rafael - 2021

Many countries are currently expanding access to child care for young children. But are all children equally likely to … (children’s age, birth weight and socio-economic background), but less so with respect to unobserved determinants of selection …

Persistent link: https://www.econbiz.de/10013315821

The Nature of Risk Preferences : Evidence from Insurance Choices

Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2021

We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates 'standard' risk aversion (diminishing marginal utility for wealth) and probability distortions. We find that probability distortions - characterized by substantial overweighting of small...

Persistent link: https://www.econbiz.de/10013315858