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Partial insurance and investments in children
Carneiro, Pedro; Ginja, Rita - 2015
partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …
Persistent link: https://www.econbiz.de/10010510508
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Risk management among the poor : the case of microfinancial services
Arun, Thankom; Bendig, Mirko - 2010
This paper argues that the level of financial services provision determines the risk management strategies among the poor. The paper estimates the determinants of the household's use of one, two or all three types of microfinancial services applying ordered probit models and additionally probit...
Persistent link: https://www.econbiz.de/10009006945
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The firing cost implications of alternative severance pay designs
Parsons, Donald O. - 2010
) severance insurance plans or (ii) severance savings plans is important; savings plans have no "firing cost" effects on employer … layoff decisions. The firing cost implications of insurance plan are sensitive to the types of job separations that qualify a …
Persistent link: https://www.econbiz.de/10003968599
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Human capital risk, contract enforcement, and the macroeconomy
Krebs, Tom; Kuhn, Moritz; Wright, Mark L. J. - 2015
due to the limited pledgeability of human capital. We show analytically that, consistent with the life insurance data, in … account for the life-cycle variation of life-insurance holdings, financial wealth, earnings, and consumption inequality … insurance. …
Persistent link: https://www.econbiz.de/10011308568
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Why should state government invest in college education? : an equilibrium approach for the US in 2000
Shields, Michael P. (contributor) - 2008
This paper is a preliminary look at the benefits to states in the US of subsidizing college education. The benefits studies are the external benefits of college education on the earnings of both college graduates and those who have not graduated from college. In completing a college education...
Persistent link: https://www.econbiz.de/10003729416
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Marriage, divorce and interstate risk sharing
Halla, Martin (contributor); Scharler, Johann (contributor) - 2008
In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married couples account for a higher share of the population are less exposed to state-specific output shocks. Thus, marriages do not just improve the allocation of risk at the...
Persistent link: https://www.econbiz.de/10003760281
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Downloading wisdom from online crowds
Saiz, Albert (contributor); Simonsohn, Uri (contributor) - 2008
The internet and other large textual databases contain billions of documents: is there useful information in the number of documents written about different topics? We propose, based on the premise that the occurrence of a phenomenon increases the likelihood that people write about it, that the...
Persistent link: https://www.econbiz.de/10003771906
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The impact of local decentralization on economic growth : evidence from U.S. counties
Hammond, George W.; Tosun, Mehmet Serkan - 2009
We analyze the impact of fiscal decentralization on U.S. county population, employment, and real income growth. Our findings suggest that government organization matters for local economic growth, but that the impacts vary by government unit and by economic indicator. We find that single-purpose...
Persistent link: https://www.econbiz.de/10003919883
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The short- and long-run determinants of less-educated immigration into US states
Simpson, Nicole B.; Sparber, Chad - 2012
This paper uses a gravity model of migration to analyze how income differentials affect the flow of immigrants into U.S. states using annual data from the American Community Survey. We add to existing literature by decomposing income differentials into short- and long-term components and by...
Persistent link: https://www.econbiz.de/10009534978
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Human capital quality and aggregate income differences : development accounting for US states
Hanushek, Eric Alan; Ruhose, Jens; Woessmann, Ludger - 2015
Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...
Persistent link: https://www.econbiz.de/10011288586