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survey of U.S. households, we document the prevalence of financial stress in U.S. households and a strong relationship … between financial stress and measures of financial constraints. We incorporate financial stress into an otherwise standard … requires two equally important components: financial stress itself and naivete about financial stress. Specifically …
Persistent link: https://www.econbiz.de/10014315788
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319
We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010-2012 sovereign debt crisis. Using newly available data linking over...
Persistent link: https://www.econbiz.de/10010229932
The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that financial shocks do translate into the labor markets. In this paper we first document that financial recessions amplify labor market volatility and Okun's elasticity over the...
Persistent link: https://www.econbiz.de/10009613676
We consider the largely unexpected shock caused by the second wave of the COVID-19 pandemic in India to assess whether …
Persistent link: https://www.econbiz.de/10014507577
-utero child, we know little about the effects of psychological stresses. One clear form of stress to the mother comes from the …
Persistent link: https://www.econbiz.de/10010258168
The ways in which preferences respond to the varying stress of economic environments is a key question for behavioral … economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision … intelligence tests as cognitive stressors, we find that stress increases subjective discounting rates, has no effect on the degree …
Persistent link: https://www.econbiz.de/10010337421
improve self-control and reduce stress. We conduct the experiment with 139 participants, half of whom receive a four …-related behaviours. We find evidence that mindfulness training reduces perceived stress, but only weak evidence on its impact on …
Persistent link: https://www.econbiz.de/10011497132
relationship between exposure to stress and overall health is shown. Apparently, the increase in mortality can be explained by the … increase in individual stress levels after the economic, cultural and political consequences of reunification. …
Persistent link: https://www.econbiz.de/10011294533
-the-job-leisure, the higher the levels of stress during their work tasks. A back-of-the-envelope calculation based on time use data over … related to increases in worker stress. In analyzing workers' effort and stress during market work activities we contribute to …
Persistent link: https://www.econbiz.de/10013209280