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How important is precautionary labor supply?

Jessen, Robin; Rostam-Afschar, Davud; Schmitz, Sebastian - 2016

We quantify the importance of precautionary labor supply using data from the German Socio- Economic Panel (SOEP) for 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married men choose about 2.5% of their hours of work or one week...

Persistent link: https://www.econbiz.de/10011483095

The effect of wealth on worker productivity

Eeckhout, Jan; Sepahsalari, Alireza - 2020

Persistent link: https://www.econbiz.de/10012820023

Labor market reforms, precautionary savings, and global imbalances

Hochmuth, Brigitte; Moyen, Stéphane; Stähler, Nikolai - 2019

build a two-region RBC model with labor market frictions, idiosyncratic consumption risk, and limited cross …

Persistent link: https://www.econbiz.de/10011995060

Policy uncertainty and precautionary savings

Giavazzi, Francesco (contributor); … - 2008

"In 1997 Chancellor Kohl proposed a major pension reform and pushed the law through Parliament explaining that the German PAYG system had become unsustainable. One limitation of the new law -- one that is crucial for our identification strategy -- is that it left the generous pension...

Persistent link: https://www.econbiz.de/10003730695

Early life conditions, time preferences, and savings

Adamopoulou, Effrosyni; Colombo, Mattia; Triviza, Eleftheria - 2024

This study examines how early-life exposure to food scarcity influences individuals' long-term time preferences and savings behavior. To this end, we analyze hand-collected historical data on livestock availability during World War II at the provincial level, alongside detailed survey data on...

Persistent link: https://www.econbiz.de/10014631825

What moves households' expectations during a crisis? : evidence from a randomized information experiment

Metiu, Norbert; Stockerl, Valentin - 2024

Using a randomized information experiment embedded in a representative survey, we study households' economic … happening in the economy shortly after the pandemic outbreak. Households that receive information on experts' views on the … holds for households that receive information on major monetary and fiscal stimulus measures announced in response to the …

Persistent link: https://www.econbiz.de/10015205429

Consumption Over the Life Cycle: A Selected Literature Review

Kankaanranta, Päivi - 2006

Simple life cycle and permanent income hypotheses imply that changes in consumption should be unforecastable. Rational … forward-looking agents ought to smooth consumption over the life cycle and exhaust the asset stock accumulated during the … review of literature focuses particularly on the life cycle issues of consumption behaviour. …

Persistent link: https://www.econbiz.de/10012502961

The income and consumption effects of Covid-19 and the role of public policy

Suphanit Piyapromdee; Spittal, Peter - 2020

Persistent link: https://www.econbiz.de/10012815160

The effect of self-control on borrowing : experimental evidence

Grohmann, Antonia; Hamdan, Jana S. - 2020

that people with low self-control have more problems with the repayment of consumption debt, but this relationship is, in …

Persistent link: https://www.econbiz.de/10012500130

An economic analysis of the empty nest syndrome : what the leaving child does matters

Piper, Alan T. - 2021

syndrome. Furthermore, the analysis considers the role of two key economic variables: consumption and leisure via the standard …

Persistent link: https://www.econbiz.de/10012429607