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Buffer-stock saving and households' response to income shocks

Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2016

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information contained in the joint dynamics of income,...

Persistent link: https://www.econbiz.de/10011572286

The response of consumption in Russian households to economic shocks

Stillman, Steven - 2001

changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …

Persistent link: https://www.econbiz.de/10011405709

Wage risk, employment risk and the rise in wage inequality

Mecikovsky, Ariel Matias; Wellschmied, Felix - 2016

We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply and job mobility. Across education groups permanent shocks to productivity have become more dispersed. Moreover, heterogeneity in pay across offered jobs has increased for...

Persistent link: https://www.econbiz.de/10011595910

Sensitivity of charitable giving to realized income changes: evidence from military bonuses and the combined federal campaign

Wojtaszek, Carl J.; Kofoed, Michael S. - 2021

The permanent income hypothesis states that agents perfectly smooth consumption given a large, anticipated shock to income. Testing these implications is difficult given the endogenous nature of income and payment timing. We leverage exogenous variation in military bonus size and timing matched...

Persistent link: https://www.econbiz.de/10012800634

Spatial and temporal diffusion of house prices in the UK

Holly, Sean; Pesaran, M. Hashem; Yamagata, Takashi - 2010

This paper provides a method for the analysis of the spatial and temporal diffusion of shocks in a dynamic system. We use changes in real house prices within the UK economy at the level of regions to illustrate its use. Adjustment to shocks involves both a region specific and a spatial effect....

Persistent link: https://www.econbiz.de/10003934196

The effects of labor supply shocks on labor market outcomes : evidence from the Israeli-Palestinian conflict

Mansour, Hani - 2010

Since September 2000, as a result of mobility restrictions, the supply of Palestinian workers competing for local jobs in the West Bank has increased by about fifty percent. This paper takes advantage of this unique natural experiment to study the effects of labor supply shocks on labor market...

Persistent link: https://www.econbiz.de/10003974532

School shootings and student performance

Poutvaara, Panu; Ropponen, Olli - 2010

In this paper, we study how high school students reacted to the shocking news of a school shooting. The shooting coincided with national high-school matriculation exams. As there were exams both before and after the shooting, we can perform a difference-in-differences analysis to uncover how the...

Persistent link: https://www.econbiz.de/10003976846

What if it never happened? : subjective treatment effects of a negative shock on youth labour market outcomes in developing countries

Favara, Marta; Freund, Richard; Pérez-Alvarez, Marcello - 2023

This paper examines the subjective treatment effects of a negative shock created by the COVID-19 pandemic on the labour market outcomes of young adults in India, Peru, and Vietnam. We leverage subjective counterfactual outcomes at the individual-level that were purposely collected from over...

Persistent link: https://www.econbiz.de/10014335983

Government debt as insurance against macroeconomic risk

Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2001

Is there a role for debt beyond curing overaccumulation of capital? Does dynamic efficiency and the infeasibility of debt Ponzi schemes eliminate any Pareto-improving role for a government in a competitive economy with complete markets? Is there an optimal maturity structure of public debt?...

Persistent link: https://www.econbiz.de/10011405711

Health shocks, social insurance, and firms

Bíró, Anikó; Boza, István; Gyetvai, Attila; Prinz, … - 2024

We study the role that firms play in social insurance benefit uptake after their workers experience health shocks. Social insurance in our setting, Hungary, is universal and comprehensive, thus allowing us to quantify the heterogeneous impact of firms on benefit uptake and labor market outcomes...

Persistent link: https://www.econbiz.de/10014550409

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