Showing 1 - 10 of 1,765
This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the Ramsey government achieves efficient labor market...
Persistent link: https://www.econbiz.de/10012915713
spending on consumer spending. Our consumption data come from household-level retail purchases in the Nielsen scanner data and …
Persistent link: https://www.econbiz.de/10014083720
.e. ignoring within-household inequality). This assessment of existing approaches to measure individual inequality and poverty is …
Persistent link: https://www.econbiz.de/10012914348
Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined consolidation efforts which are, however, supposed to come now at the wrong time with the economic recovery being fragile. Against this background, we call for a global debt brake...
Persistent link: https://www.econbiz.de/10013067052
socioeconomic characteristics, housing traits, country-specific constant terms, and household unobserved heterogeneity. We attribute … access to liquidity. Household's reported distress is also affected by excess indebtedness relative to the debt load of …
Persistent link: https://www.econbiz.de/10013149816
households affected by such programs. We analyze the impact of the Texas Enterprise Zone Program on household debt and … delinquency. Specifically, we utilize detailed information on all household liabilities, delinquencies, and credit scores from the … Federal Reserve Bank of New York Consumer Credit Panel/Equifax, a quarterly longitudinal 5% random sample of all individuals …
Persistent link: https://www.econbiz.de/10013001345
between 2010 and 2014 in Belgium, using panel data from the two waves of the Household Finance and Consumption Survey. Unlike …
Persistent link: https://www.econbiz.de/10013238650
When facing financial distress, French households can file a case to a "households' over-indebtedness commission" (HDC). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy filings to managers, we show that a debt suspension has a...
Persistent link: https://www.econbiz.de/10012946593
for different commodities using the German Socio-Economic Panel (SOEP) and estimating a system of Engel curves that … likely to spend household resources on culture, and their joint consumption of such goods may be a potential reason for their …
Persistent link: https://www.econbiz.de/10012908890
This paper studies the direct impact of households' debt on consumption over the business cycle. We use household …-level panel data for Spain, and focus on a interesting period of analysis, 2002-2017, characterized by large variations in …
Persistent link: https://www.econbiz.de/10013406441