Narrow search
Showing 1 - 10 of 2,780
Cover Image
Hidden insurance in a moral hazard economy
Bertola, Giuseppe; Koeniger, Winfried - 2013
We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...
Persistent link: https://www.econbiz.de/10010225898
Cover Image
Should unemployment insurance be asset-tested?
Koehne, Sebastian; Kuhn, Moritz - 2013
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state contingent transfers to agents most in need. On the...
Persistent link: https://www.econbiz.de/10009766145
Cover Image
Population policies, demographic structural changes, and the Chinese household saving puzzle
Ge, Suqin; Yang, Dennis Tao; Zhang, Junsen - 2012
Using combined data from population censuses and Urban Household Surveys, we study the effects of demographic structural changes on the rise in household saving in China. Variations in fines across provinces on unauthorized births under the one-child policy and in cohort-specific fertility...
Persistent link: https://www.econbiz.de/10009672255
Cover Image
Short-time work and precautionary savings
Dengler, Thomas; Gehrke, Britta - 2021
, which mitigates their precautionary savings motive and aggregate demand falls by less. Using a quantitative model analysis …
Persistent link: https://www.econbiz.de/10012517675
Cover Image
Life cycle saving and dissaving revisited across three-tiered income groups : starting hypotheses, refinement through literature review, and ideas for empirical testing
Holzmann, Robert; Ayuso, Mercedes; Alaminos, Estefanía; … - 2019
The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is often at odd with this assumption giving rise to our...
Persistent link: https://www.econbiz.de/10012120686
Cover Image
The impact of wealth on job exit rates of elderly workers
Bloemen, Hans G. (contributor) - 2006
through 2001, we analyse the impact of wealth, savings, and debt position on job exit rates. We find evidence for a positive …
Persistent link: https://www.econbiz.de/10003355646
Cover Image
Household saving and full consumption over the life cycle
Apps, Patricia; Rees, Ray - 2001
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full...
Persistent link: https://www.econbiz.de/10011401086
Cover Image
A constitutional theory of the family
Cigno, Alessandro (contributor) - 2005
The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identifies circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The...
Persistent link: https://www.econbiz.de/10003260821
Cover Image
Risk and saving in two-person households : more scope for precautionary saving
Apps, Patricia; Andrienko, Yuri; Rees, Ray - 2012
The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10009613678
Cover Image
China's high saving puzzle
Ma, Guonan; Yang, Dennis Tao - 2013
This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have … jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the … Chinese economy are also explored. -- aggregate savings ; current account ; income distribution ; WTO accession ; trade …
Persistent link: https://www.econbiz.de/10009716768