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Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality trends and find that … transitory income shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the …
Persistent link: https://www.econbiz.de/10008487511
discrete choice experiment provides a novel investigation of the acceptability of different interventions to reduce alcohol … consumption and the effect of information on expected effectiveness, using a UK general population sample of 1202 adults. Policy … options included high, medium and low intensity versions of: Minimum Unit Pricing (MUP) for alcohol; reducing numbers of …
Persistent link: https://www.econbiz.de/10011042269
In this paper, I extend the Barro-Becker model of endogenous fertility to incorporate specific fiscal policies and use it to study the effects of the fiscal policy changes following WWII on fertility in the United States. The US government went through large changes in fiscal policy after the...
Persistent link: https://www.econbiz.de/10010856602
is that the welfare cost estimates which have been obtained in the literature using only consumption series may be biased …
Persistent link: https://www.econbiz.de/10011268098
More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...
Persistent link: https://www.econbiz.de/10009652136
A dynamic general equilibrium model is constructed to examine the impact of mass immigration on capital accumulation in life-cycle economies. The model is calibrated to match Canadian demographic characteristics over 1861-1913. This was a period when Canada experienced a dramatic shift in...
Persistent link: https://www.econbiz.de/10005069603
This paper presents evidence that the spread between the marginal product of capital and the return on financial assets is mich higher in poor than in rich countries. A model with costly intermediation is developed. In this economy, individuals choose at each instant whether to work or to...
Persistent link: https://www.econbiz.de/10005090978
Despite being the standard growth model for several decades, little is actually known analytically about the dynamic properties of the neoclassical Ramsey-Cass-Koopmans growth model. This papers derives analytically the properties of the endogenous savings rate when technology takes the Constant...
Persistent link: https://www.econbiz.de/10005091001
We examine the effects of government redistribution schemes in an economy where agents are subject to uninsurable, individual specific productivity risk. In particular, we consider the trade-off between positive insurance effects and negative distortions on labor supply and saving. We...
Persistent link: https://www.econbiz.de/10005027341
How do information flows influence business cycle dynamics in models with anticipated (news shocks) and unanticipated innovations? To address this question, we show how alternative specifications of news affect the equilibrium by deriving the mapping between news shocks and the endogenous...
Persistent link: https://www.econbiz.de/10008587031