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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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Mortgage Rates, Household Balance Sheets, and the Real Economy
Keys, Benjamin J. - 2014
This paper investigates the impact of lower mortgage rates on household balance sheets and other economic outcomes during the housing crisis. We use proprietary loan-level panel data matched to consumer credit records using borrowers' Social Security numbers, which allows for accurate...
Persistent link: https://www.econbiz.de/10013046153
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Misconduct in Credence Good Markets
Brown, Jennifer - 2012
We examine misconduct in credence good markets with price taking experts. We propose a market-level model in which price-taking experts extract surplus based on the value of their firm's brand and their own skill. We test the predictions of the model using sales complaint data for exclusive and...
Persistent link: https://www.econbiz.de/10013096847
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The Effect of Effectiveness : Donor Response to Aid Effectiveness in a Direct Mail Fundraising Experiment
Karlan, Dean S. - 2014
We test how donors respond to new information about a charity's effectiveness. Freedom from Hunger implemented a test of its direct marketing solicitations, varying letters by whether they include a discussion of their program's impact as measured by scientific research. The base script, used...
Persistent link: https://www.econbiz.de/10013055495
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Self-Signaling and Prosocial Behavior : A Cause Marketing Mobile Field Experiment
Dubé, Jean-Pierre - 2015
We empirically test an information economics based theory of social preferences in which ego utility and self … a large price discount for the good. The combined evidence supports the self-signaling theory whereby price discounts …
Persistent link: https://www.econbiz.de/10013017093
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The Absent-Minded Consumer
Ameriks, John; Caplin, Andrew; Leahy, John V. - 2021
We present evidence that many households have only a vague notion of what they are spending on various consumption items. We then develop a life-cycle model that captures this absent-mindedness'. The model generates precautionary spending, whereby absent-minded agents tend to consume more than...
Persistent link: https://www.econbiz.de/10013225590
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Health Insurance for "Humans" : Information Frictions, Plan Choice, and Consumer Welfare
Handel, Benjamin; Kolstad, Jonathan - 2021
Traditional models of insurance choice are predicated on fully informed and rational consumers protecting themselves from exposure to financial risk. In practice, choosing an insurance plan from a set of complex non-linear contracts is a complicated decision often made without full information...
Persistent link: https://www.econbiz.de/10013224390
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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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The Inner Workings of the Patient Centered Medical Home Model
David, Guy - 2016
The patient-centered medical home (PCMH) is a model for restructuring primary care with a focus on improved access to care and clinical excellence. However, to date, the evidence on its effect on healthcare utilization and expenditures has been quite mixed. One possible reason for this may lie...
Persistent link: https://www.econbiz.de/10012986303
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Multivariate Fractional Regression Estimation of Econometric Share Models
Mullahy, John - 2010
econometric strategies for share model estimation. The paper then goes on to discuss the univariate fractional regression … estimation strategies proposed by Papke and Wooldridge and to extend the fractional regression approach to estimation of and …/ disaggregation are considered, as is a full likelihood estimation approach based on Dirichlet-multinomial models. The paper …
Persistent link: https://www.econbiz.de/10013138354