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Estimating border effects : the impact of spatial aggregation

Coughlin, Cletus Charles; Novy, Dennis - 2016

this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which … associated with smaller border effects. The reason is that due to spatial frictions, aggregation across space increases the … mechanism leads to border effect heterogeneity and is independent of multilateral resistance effects in general equilibrium …

Persistent link: https://www.econbiz.de/10011458028

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

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

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

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

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

The many faces of human sociality : uncovering the distribution and stability of social preferences

Bruhin, Adrian; Fehr, Ernst; Schunk, Daniel - 2016

There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity … raises the question how one can parsimoniously model and characterize heterogeneity across several dimensions of social …

Persistent link: https://www.econbiz.de/10011421679

What is European integration really about? : a political guide for economists

Spolaore, Enrico - 2013

Europe's monetary union is part of a broader process of integration that started in the aftermath of World War II. In this "political guide for economists" we look at the creation of the euro within the bigger picture of European integration. How and why were European institutions established?...

Persistent link: https://www.econbiz.de/10009754523

Minimum wages, capital accumulation and worker's incomes

Oikonomidēs, Geōrgios; Moutos, Thomas - 2014

Using an intertemporal model of saving and capital accumulation we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to scale, or if there are no differences in ability...

Persistent link: https://www.econbiz.de/10010358969

Heterogeneity in rent-seeking contests with multiple stages : theory and experimental evidence

Hörtnagl, Tanja; Kerschbamer, Rudolf; Stracke, Rudi; … - 2013

This paper investigates how heterogeneity in contestants ́investment costs affects the competition intensity in a …

Persistent link: https://www.econbiz.de/10010199750