Showing 1 - 10 of 1,602
a buffer-stock savings model and show that rising income uncertainty and pension reforms lead younger and older … household savings rate and the U-shaped age-profile of savings …
Persistent link: https://www.econbiz.de/10013135632
A sizable literature has concluded that remittances impact the expenditure patterns of households. We explore how the uncertainty of remittance income inflows affects the accumulation of human, physical and financial assets of Mexican households, while accounting for the level of transfers from...
Persistent link: https://www.econbiz.de/10013057908
study household savings and expenditure adjustment from an unexpected, large-scale and rapidly evolving political shock that … uncertainty resulted in significant temporary increases in savings among urban households in China. Households responded mainly by … empirical studies of precautionary savings such as self-selection and life-cycle effects …
Persistent link: https://www.econbiz.de/10013031192
propensity to save of married couples, consistent with a rise in precautionary savings interpretation. An increase in the risk of …We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a … experience a significant increase in the expected risk of divorce (such as very religious families, or single individuals). Our …
Persistent link: https://www.econbiz.de/10013324944
present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and …
Persistent link: https://www.econbiz.de/10013159940
The psychological basis for rank-dependent probability weighting, and for an inverse-S probability weighting function (PWF) in particular, has often been questioned. I examine the existence and shape of the PWF in a model allowing for optimism/pessimism over probability distributions and for...
Persistent link: https://www.econbiz.de/10012860507
This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets – our main application – and climate change. Estimating a structural...
Persistent link: https://www.econbiz.de/10014236203
This paper contains a survey of the recent literature devoted to the returns to schooling within a dynamic structural framework. I present a historical perspective on the evolution of the literature, from early static models set in a selectivity framework (Willis and Rosen, 1979) to the recent...
Persistent link: https://www.econbiz.de/10012779183
This paper formulates a structural dynamic programming model of preschool investment choices of altruistic parents and then empirically estimates the structural parameters of the model using the NLSY79 data. The paper finds that preschool investment significantly boosts cognitive and...
Persistent link: https://www.econbiz.de/10013080874
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred … homogeneous with respect to the degree of risk aversion. We allow endogenous schooling attainments to affect the level of risk … experienced in labor market earnings through wage dispersion and employment rate dispersion. We find a low degree of relative risk …
Persistent link: https://www.econbiz.de/10013320490