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1
International Evidence on Sticky Consumption Growth
Carroll, Christopher D.
-
2008
We estimate the degree of amp;apos;stickinessamp;apos; in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a...
Persistent link: https://www.econbiz.de/10012772369
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2
The Wealthy Hand-to-Mouth
Kaplan, Greg
-
2014
accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K.,
Germany
, France, Italy, and …
Persistent link: https://www.econbiz.de/10013054868
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3
Identification Problems in Personality Psychology
Borghans, Lex
-
2011
This paper discusses and illustrates identification problems in personality psychology. The measures used by psychologists to infer traits are based on behaviors, broadly defined. These behaviors are produced from multiple traits interacting with incentives in situations. In general, measures...
Persistent link: https://www.econbiz.de/10013127766
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4
Estimating the Technology of Cognitive and Noncognitive Skill Formation
Cunha, Flavio
-
2015
This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and...
Persistent link: https://www.econbiz.de/10013039154
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5
Comparison Friction : Experimental Evidence from Medicare Drug Plans
Kling, Jeffrey R.
-
2011
Consumers need information to compare alternatives for markets to function efficiently. Recognizing this, public policies often pair competition with easy access to comparative information. The implicit assumption is that comparison friction--the wedge between the availability of comparative...
Persistent link: https://www.econbiz.de/10013120300
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6
The Effect of Patient Cost Sharing on Utilization, Health, and Risk Protection
Shigeoka, Hitoshi
-
2013
This paper exploits a sharp reduction in patient cost sharing at age 70 in Japan, using a regression discontinuity design to examine its effect on utilization, health, and financial risk arising from out-of-pocket expenditures. Due to the national policy, cost sharing is 60-80 percent lower at...
Persistent link: https://www.econbiz.de/10013071761
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7
Enrollment in Medicare Advantage Plans in Miami-Dade County : Evidence of Status Quo Bias?
Sinaiko, Anna
-
2013
Evidence from behavioral economics reveals that decision-making in health care settings can be affected by circumstances and choice architecture. This paper conducts an analysis of choice of private Medicare plans (Medicare Advantage plans) in Miami-Dade County. We provide a detailed description...
Persistent link: https://www.econbiz.de/10013072876
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8
Mind the Gap! Consumer Perceptions and Choices of Medicare Part D Prescription Drug Plans
Heiss, Florian
-
2010
Medicare Part D provides prescription drug coverage through Medicare approved plans offered by private insurance companies and HMOs. In this paper, we study the role of current prescription drug use and health risks, related expectations, and subjective factors in the demand for prescription...
Persistent link: https://www.econbiz.de/10012759665
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9
Wealth Depletion and Life Cycle Consumption by the Elderly
Hurd, Michael D.
-
2021
The objective of the work reported in this paper is to find if the consumption data from the six waves of the Retirement History Survey are consistent with the life cycle hypothesis of consumption and to test the importance of a bequest motive for saving. The 12 data items which are used cover...
Persistent link: https://www.econbiz.de/10013221873
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10
The Retirement of a Consumption Puzzle
Hurst, Erik
-
2014
This paper summarizes five facts that have emerged from the recent literature on consumption behavior during retirement. Collectively, the recent literature has shown that there is no puzzle with respect to the spending patterns of most households as they transition into retirement. In...
Persistent link: https://www.econbiz.de/10012751625
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