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Financial Advice and Household Financial Portfolios
Brown, Sarah; Bucciol, Alessandro; Montagnoli, Alberto; … - 2023
We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice is associated with a reallocation of wealth away from real estate and towards bonds and stocks, especially when households seek financial advice "for investments". Having a...
Persistent link: https://www.econbiz.de/10014258262
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Labor Supply Responses to Learning the Tax and Benefit Schedule
Kostøl, Andreas; Myhre, Andreas - 2021
While optimization frictions have been shown to attenuate earnings responses to financial incentives, less is understood about the individual factors shaping the response. The main contribution of this paper is to separately quantify the role of learning the tax and benefit schedule versus other...
Persistent link: https://www.econbiz.de/10013314902
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Revealed Informal Activity
Dimova, Ralitza D. - 2011
What does it mean to be in the informal sector? Many characterizations have been used in the literature, for example, firms that are unregistered or employ a small workforce or firms/economic enterprises that do not have access to formal capital markets. But many people participate in both...
Persistent link: https://www.econbiz.de/10013127331
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Losers and Losers : Some Demographics of Medical Malpractice Tort Reforms
Friedson, Andrew - 2011
Our research examines individual differences in the effects of medical malpractice tort reforms on pre-trial settlement speed and settlement amounts by age and most likely settlement size. Findings of note include that, unlike previously assumed, both absolute and percentage losses from tort...
Persistent link: https://www.econbiz.de/10013120846
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Producer Protection Legislation and Termination Damages in the Presence of Contracting Frictions
Wu, Steven Y. - 2009
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10013156403
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The Economics of Credence Goods : On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated …
Persistent link: https://www.econbiz.de/10012764487
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Compensation in Personal Injury Cases : Mean or Median Income?
Danziger, Leif - 2019
Courts typically base compensation for loss of income in personal injury cases on either mean or median work income. Yet, quantatively, mean and median incomes are typically very different. For example, in the US median income is 65 percent of mean income. In this paper we use economic theory to...
Persistent link: https://www.econbiz.de/10012865861
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Beauty is the Promise of Happiness?
Hamermesh, Daniel S. - 2011
.S., Canada, the U.K., and Germany, we construct beauty measures in different ways that allow putting a lower bound on the true …
Persistent link: https://www.econbiz.de/10013127722
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Inequality Perceptions, Distributional Norms, and Redistributive Preferences in East and West Germany
Kuhn, Andreas - 2011
East and West Germany. As expected, there are substantial differences with respect to all three of these measures … or redistributive preferences. Nonetheless, individuals from East Germany tend to be more supportive of state …
Persistent link: https://www.econbiz.de/10013128215
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Couple's Relative Labor Supply in Intermarriage
Nottmeyer, Olga - 2011
In this paper the hypothesis that partnerships between immigrants and natives are less specialized - in the sense that spouses provide similar working hours per weekday - than those between immigrants is tested. The empirical analysis relies on panel data using a two-limit random effects tobit...
Persistent link: https://www.econbiz.de/10013128221