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Job search and savings : wealth effects and duration dependence
Lentz, Rasmus; Tranæs, Torben - 2001
In this paper we consider a risk averse worker who is moving back and forth between employment and unemployment; layoffs are random and beyond the worker s influence, while the re-employment chance is directly affected by search effort. We characterize the worker s optimal savings and job-search...
Persistent link: https://www.econbiz.de/10011398412
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Marriage and consumption insurance : what s love got to do with it?
Hess, Gregory D. - 2001
This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their idiosyncratic labor income risk. Ceteris paribus, an individual would prefer to marry a hedge (i.e. a spouse whose income is negatively correlated with her own) as it raises her...
Persistent link: https://www.econbiz.de/10011399259
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E-exchange and the boundary between households and organizations
Lindbeck, Assar; Wikström, Solveig - 2002
The new information and communication technology, ICT, induces households to take over tasks from firms and government agencies, using tools and systems provided by these very same organizations. The result is often joint production activities. We argue that the importance of ICT for the...
Persistent link: https://www.econbiz.de/10011514007
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For better or for worse? : state-level marital formation and risk sharing
Chami, Ralph; Hess, Gregory D. - 2002
Why do some U.S. states have higher levels of marital formation than others? This paper introduces an economic model wherin a state s representative individual may choose to marry in order to diversify his or her idiosyncratic income risk. The paper demonstrates that such a diversification...
Persistent link: https://www.econbiz.de/10011409730
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Does the balance of power within a family matter? : the case of the retirement equity act
Aura, Saku - 2002
This paper studies within-family decision making regarding investment in income protection for surviving spouses. A change in US pension law (the Retirement Equity Act of 1984) is used as an instrument to derive predictions both from a simple Nash-bargaining model of the household and from the...
Persistent link: https://www.econbiz.de/10011410000
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Sin licenses revisited
Haavio, Markus; Kotakorpi, Kaisa - 2012
We analyse attempts to implement personalised regulation in the form of sin licenses (O'Donoghue and Rabin 2003, 2005 …
Persistent link: https://www.econbiz.de/10009683333
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Health club attendance, expectations and self-control
Garon, Jean-Denis; Masse, Alix; Michaud, Pierre-Carl - 2014
Using a unique dataset on health club attendance from Quebec, we look at the relationship between actual and expected attendance and how these relate to a reported measure of self-control problems at the time of contract signing. We find that a large majority of contract choices appear...
Persistent link: https://www.econbiz.de/10010388643
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Pandemic consumption
Bachmann, Ruediger; Bayer, Christian; Kornejew, Martin - 2023
This paper examines how households adjusted their consumption behavior in response to COVID-19 infection risk during the early phase of the pandemic. We use a monthly consumption survey specifically designed by the German Statistical Office covering the second wave of COVID-19 infections from...
Persistent link: https://www.econbiz.de/10014252555
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Controlling product risks when consumers are heterogeneously overconfident : producer liability vs. minimum quality standard regulation
Baniak, Andrzejj; Grajzl, Peter - 2014
, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …
Persistent link: https://www.econbiz.de/10010413791
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International protection of consumer data
Chen, Yongmin; Hua, Xinyu; Maskus, Keith E. - 2020
) transparency or if consumers’ privacy preference differs across countries. Unilateral data regulation by each country addresses the …
Persistent link: https://www.econbiz.de/10012238474