Similar Search Results

Sticks and carrots for the alleviation of long term poverty

Schroyen, Fred; Torsvik, Gaute - 2002

Work requirements can make it easier to screen the poor from the non-poor.They can also affect future poverty by changing the poors' incentive to invest in their income capacity. The novelty of our study is the focus on long term poverty. We find that the argument for using work requirements as...

Persistent link: https://www.econbiz.de/10011409004

Testing for common cyclical features in nonstationary panel data models

Hecq, Alain W. J.; Palm, Franz C.; Urbain, Jean-Pierre - 2000

In this paper we extend the concept of serial correlation common features to panel data models. This analysis is motivated both by the need to develop a methodology to systematically stu dy and test for common structures and comovements in panel data with autocorrelation present and by an...

Persistent link: https://www.econbiz.de/10009781522

Life insurance, precautionary saving and contingent bequest

Chang, Fwu-ranq - 2001

Purchasing life insurance is for the welfare of young children, par-ticularly preteens, who are liquidity constrained. In this paper, we present a life cycle model of life insurance that takes into account the ages of these young beneciaries. We show that, as the child ages, the need for...

Persistent link: https://www.econbiz.de/10011398104

Housing market dynamics : on the contribution of income shocks and credit constraints

Ortalo-Magné, François; Rady, Sven - 2001

This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households …

Persistent link: https://www.econbiz.de/10011398664

Habit formation and labor supply

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - 2008

This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to "unretire", i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...

Persistent link: https://www.econbiz.de/10003730377

A permanent income version of the relative income hypothesis

Alvarez-Cuadrado, Francisco (contributor); … - 2008

We propose an overlapping generations economy where households care about relative consumption, the difference between their consumption and the consumption of their reference group. An individual's consumption is driven by the comparison of his lifetime income and the lifetime income of his...

Persistent link: https://www.econbiz.de/10003748356

Intertemporal utility with heterogeneous goods and constant elasticity of substitution

Quaas, Martin F.; Baumgärtner, Stefan; Drupp, Moritz A.; … - 2019

We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of … the goods. We find that a standard (stationary) intertemporal utility function is consistent with these two properties if … elasticities of substitution are identical, or if the instantaneous utility function is Cobb-Douglas. We also characterize the …

Persistent link: https://www.econbiz.de/10012156591

The Pygmalion effect : an agency model with reference dependent preferences

Daido, Kohei (contributor); Itō, Hideshi (contributor) - 2005

We attempt to formulate and explain two types of self-fulfilling prophecy, called the Pygmalion effect (if a supervisor thinks her subordinates will succeed, they are more likely to succeed) and the Galatea effect (if a person thinks he will succeed, he is more likely to succeed). To this...

Persistent link: https://www.econbiz.de/10002756345

The scope of cooperation : values and incentives

Tabellini, Guido Enrico (contributor) - 2008

Persistent link: https://www.econbiz.de/10003641773

Why not in your backyard? : on the location and size of a public facility

Bellettini, Giorgio (contributor); Kempf, Hubert (contributor) - 2008

Persistent link: https://www.econbiz.de/10003662234

1
2
3
4
5
6
7
8
9
10
Next
Last