Showing 1 - 10 of 181
We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner's house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth...
Persistent link: https://www.econbiz.de/10013135884
We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a portfolio of insurance products. We estimate the model to...
Persistent link: https://www.econbiz.de/10013121063
Expenditure visibility—the extent to which a household's spending on a consumption category is noticeable to others—is measured in three new surveys, with ~3,000 telephone and online respondents. Visibility shows little change across time (ten years) and survey methods. Four different...
Persistent link: https://www.econbiz.de/10012909500
affect total expenditures in households headed by low-educated single mothers. However, patterns of expenditure did change … significant changes in expenditures on childcare or learning and enrichment activities. This pattern of results suggests that … welfare reform has shifted family expenditures towards items that facilitate work outside the home, but, at least so far, has …
Persistent link: https://www.econbiz.de/10012760606
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in … ownership and expenses, levels and paths of health status, number of household members, and out-of -pocket medical expenditures …
Persistent link: https://www.econbiz.de/10012984779
The Nigerian banking system was in crisis for much of the 1990's and early 2000's. The reforms of 2005 were ambitious in simultaneously attempting to address safety, soundness, and accessibility. This paper uses published and new survey data through 2008 to investigate whether bank consolidation...
Persistent link: https://www.econbiz.de/10013128269
country. Examining data from India, we find that while trade liberalization is associated with reduced poverty, this effect is … to be less perfect in lagging states than in leading ones, especially in the rural sector. This suggests that poverty … of their populations in lagging regions experience greater reduction in poverty rates following trade liberalization. Our …
Persistent link: https://www.econbiz.de/10013138479
Using data from a field experiment in Kenya, we document that providing individuals with simple informal savings technologies can substantially increase investment in preventative health and reduce vulnerability to health shocks. Simply providing a safe place to keep money was sufficient to...
Persistent link: https://www.econbiz.de/10013122020
Are smarter machines our children's friends? Or can they bring about a transfer from our relatively unskilled children to ourselves that leaves our children and, indeed, all our descendants - worse off? This, indeed, is the dire message of the model presented here in which smart machines...
Persistent link: https://www.econbiz.de/10013096141
We examine whether the Colombian trade reform can explain any of Colombia's decline in urban poverty between 1984 and … 1995. Our approach focuses on short- and medium- run channels through which trade reform could affect poverty. Despite the … chronological coincidence of the poverty reduction with the trade reforms over this period, we do not observe any evidence of a link …
Persistent link: https://www.econbiz.de/10013099482