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Time is Money: Life Cycle Rational Inertia and Delegation of Investment Management
Mitchell, Olivia; Kim, Hugh Hoikwang; Maurer, Raimond - National Bureau of Economic Research (NBER) - 2013
This paper incorporates two empirically-grounded insights into a dynamic life cycle portfolio choice model: the fact that investors forego the opportunity to accumulate job-specific skills when they spend time managing their own money, and the observation that efficiency in financial decision...
Persistent link: https://www.econbiz.de/10011210995
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Intrahousehold Inequality
Meghir, Costas; Chiappori, Pierre-André - National Bureau of Economic Research (NBER) - 2014
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intra household...
Persistent link: https://www.econbiz.de/10010780812
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Intra-household Welfare
Meghir, Costas; Chiappori, Pierre-André - National Bureau of Economic Research (NBER) - 2014
In this paper we develop an approach to measuring inequality and poverty that recognizes the fact that individuals within households may have both different preferences and differential access to resources. We argue that a measure based on estimates of the sharing rule is inadequate as an...
Persistent link: https://www.econbiz.de/10010821850
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How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios
Mitchell, Olivia; Hubener, Andreas; Maurer, Raimond - National Bureau of Economic Research (NBER) - 2013
shocks such as marriage, divorce, and children. Our model generates a wealth profile and a low and stable equity fraction …
Persistent link: https://www.econbiz.de/10010951303
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Determinants and Consequences of Bargaining Power in Households
Friedberg, Leora; Webb, Anthony - National Bureau of Economic Research (NBER) - 2006
A growing literature offers indirect evidence that the distribution of bargaining power within a household influences decisions made by the household. The indirect evidence links household outcomes to variables that are assumed to influence the distribution of power within the household. In this...
Persistent link: https://www.econbiz.de/10005085270
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Women's Emancipation Through Education: A Macroeconomic Analysis
Guvenen, Fatih; Rendall, Michelle - National Bureau of Economic Research (NBER) - 2013
In this paper, we study the role of education as insurance against a bad marriage. Historically, due to disparities in … had to suffer one of two fates in a bad marriage: either they get divorced (assuming it is available) and struggle as low …-income single mothers, or they remain trapped in the marriage. In both cases, education can provide a route to emancipation for …
Persistent link: https://www.econbiz.de/10010640500
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Mixing Family With Business: A Study of Thai Business Groups and the Families Behind Them
Bertrand, Marianne; Johnson, Simon; Schoar, Antoinette; … - National Bureau of Economic Research (NBER) - 2008
Families run a large fraction of business groups around the world. In this paper, we analyze how the structure of the families behind these business groups affects the groups' organization, governance and performance. To address this question, we constructed a unique data set of family trees and...
Persistent link: https://www.econbiz.de/10005714483
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Measuring Trends in Leisure: The Allocation of Time Over Five Decades
Aguiar, Mark; Hurst, Erik - National Bureau of Economic Research (NBER) - 2006
In this paper, we use five decades of time-use surveys to document trends in the allocation of time. We find that a dramatic increase in leisure time lies behind the relatively stable number of market hours worked (per working-age adult) between 1965 and 2003. Specifically, we show that leisure...
Persistent link: https://www.econbiz.de/10005034910
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Risk and Return in Village Economies
Townsend, Robert M.; Samphantharak, Krislert - National Bureau of Economic Research (NBER) - 2013
We present a framework for the study of risk and return of household enterprise in developing economies. We make predictions from two polar benchmarks: (1) an economy with Pareto optimal allocations under full risk sharing, and (2) an economy in which each autarky household absorbs risk in...
Persistent link: https://www.econbiz.de/10010821669
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To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda
Karlan, Dean; Fischer, Greg; McConnell, Margaret; … - National Bureau of Economic Research (NBER) - 2014
In a field experiment in Uganda, we find that demand after a free distribution of three health products is lower than after a sale distribution. This contrasts with work on insecticide-treated bed nets, highlighting the importance of product characteristics in determining pricing policy. We put...
Persistent link: https://www.econbiz.de/10010950656