Showing 1 - 10 of 555
In this paper, we conduct an empirical study of how uncertainty alters fertility behavior. The precautionary motive for saving predicts that an increase in income uncertainty increases saving by reducing both consumption and fertility. We examine this prediction using a new measure of economic...
Persistent link: https://www.econbiz.de/10012508583
We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...
Persistent link: https://www.econbiz.de/10012171775
This note demonstrates that optimal tax calculations in overlapping generations models should not be based exclusively on long-run welfare changes. As the latter represent a mix of efficiency and intergenerational redistribution effects, they typically favor policies which redistribute towards...
Persistent link: https://www.econbiz.de/10009655163
We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a representative sample of more than 5,000 Germans in five panel waves during the COVID-19 pandemic. Exploiting variation in local infections across time and space, we find that an...
Persistent link: https://www.econbiz.de/10014252316
attributable to drought-induced increases in the price of milk solids (New Zealand is the market maker in this global market). In … current (same fiscal year) drought events have positive impacts on dairy farms' revenue and profit; this effect is most likely … general, dairy farmers "benefit" more from drought events when compared to sheep/beef farms, whereas the latter sector has …
Persistent link: https://www.econbiz.de/10012002991
conflict. Droughts are a major driver of conflict in Africa, particularly between nomadic pastoralists and sedentary farmers …, and climate change is predicted to intensify this problem. The Index-Based Livestock Insurance (IBLI) scheme piloted in … drought-induced conflict. One key mechanism is that insured pastoralists travel less far away from their ancestral homelands …
Persistent link: https://www.econbiz.de/10014279886
cope with oil price volatility. The ongoing dividend equals approximately 30 per cent of government revenue and requires …
Persistent link: https://www.econbiz.de/10011541123
on a panel of 153 countries over the period of 1960 to 2002 and employing a truly exogenous drought indicator derived …
Persistent link: https://www.econbiz.de/10011384506
The paper studies whether a drought in 1788 affected the outbreak of peasant revolts during the French Revolution. I … construct a community-level data set with information on local drought severity and peasant uprisings in 1789. Results indicate … that those more affected by the drought more often participated in peasant revolts against the feudal system. Then, I …
Persistent link: https://www.econbiz.de/10014227758
People’s value for their own time is a key input in evaluating public policies: evaluations should account for time taken away from work or leisure as a result of policy. Using rich choice data collected from farming households in western Kenya, we show that households exhibit non-transitive...
Persistent link: https://www.econbiz.de/10012815796