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Advance information and consumption insurance : evidence from panel data
Pedroni, Marcelo; Singh, Swapnil; Stoltenberg, Christian - 2022 - Preliminary, April 15, 2022
We investigate whether US households possess advance information about their future income and what this means for … requires only panel data on consumption and income. Using the Panel Study of Income Dynamics, we find-in contrast to the … incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …
Persistent link: https://www.econbiz.de/10013186823
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Earnings risk and demand for higher education
Hartog, Joop; Diaz-Serrano, Luis - 2002
pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and … to estimate individual response to earnings risk in deciding on attending university education, by measuring risk as the … risk aversion, the response may be reversed to positive. …
Persistent link: https://www.econbiz.de/10011327826
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It's the opportunity cost, stupid! : how self-employment responds to financial incentives of return, risk and skew
Berkhout, Peter; Hartog, Joop; Praag, Mirjam van - 2011
Persistent link: https://www.econbiz.de/10009720711
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Earnings risk and demand for higher education - a cross-section test for Spain
Hartog, Joop; Diaz Serrano, Luis - 2002
Persistent link: https://www.econbiz.de/10001726767
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US and European household debt and credit constraints
Crook, Jonathan N.; Hochgürtel, Stefan - 2007
This paper uses micro data from four OECD countries (the United States, Spain, Italy, and the Netherlands), to assess the determinants of household debt holding and to investigate whether or not credit constraints are important for household debt holding. We extend the existing literature in...
Persistent link: https://www.econbiz.de/10011373833
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Dynamic insurance and adverse selection
Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2001
Persistent link: https://www.econbiz.de/10001624802
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Limiting limited liability
Dari-Mattiacci, Guiseppe - 2006
Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability cap can improve caretaking.
Persistent link: https://www.econbiz.de/10011349185
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Identifying reduced-form relations with panel data
Vollebergh, Herman R. J.; Melenberg, Bertrand; … - 2007
Persistent link: https://www.econbiz.de/10003644198
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The time-varying volatility of earnings and aggregate precautionary savings
Pozzi, Lorenzo - 2011
Persistent link: https://www.econbiz.de/10009720736
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Welfare and intelligence
Plug, Erik J. S.; Praag, Bernard M. S. van - 1995
Persistent link: https://www.econbiz.de/10000918277