Showing 1 - 9 of 9
-country savings does not affect remittances sent home by migrants …
Persistent link: https://www.econbiz.de/10012458640
We study the impacts on remittances of offering migrants temporary discounts on remittance transaction fees. We … weeks after expiration of the discount. We find no evidence that the discounts cause migrants to shift remittances from … other remittance channels, or to send remittances on behalf of other migrants. These findings are consistent with naïveté on …
Persistent link: https://www.econbiz.de/10012458143
We implement a randomized experiment offering Salvadoran migrants matching funds for educational remittances, which are … expenditures, higher private school attendance, and lower labor supply of youths in El Salvador households connected to migrant …, educational expenditures increase by $3.72. We find no shifting of expenditures away from other students, and no effect on …
Persistent link: https://www.econbiz.de/10012458404
The macroeconomic analysis of fiscal policy is usually based on one of two canonical models--the Barro-Ramsey model of infinitely-lived families or the Diamond-Samuelson model of overlapping generations. This paper argues that neither model is satisfactory and suggests an alternative. In the...
Persistent link: https://www.econbiz.de/10012471204
Persistent link: https://www.econbiz.de/10012477080
Only one-fourth of U.S. families own stock. This paper examines whether the consumption of stockholders differs from the consumption of non-stockholders and whether these differences help explain the empirical failures of the consumption-based CAPM. Household panel data are used to construct...
Persistent link: https://www.econbiz.de/10012475631
This paper proposes that the time-series data on consumption, income, and interest rates are best viewed as generated not by a single representative consumer but by two groups of consumers. Half the consumers are forward-looking and consume their permanent income, but are extremely reluctant to...
Persistent link: https://www.econbiz.de/10012476129
This paper discusses the recent research on the consumption function that has attempted to relax the assumption of certainty equivalence. While there remain many open questions, both theoretical and empirical, it is clear that the assumption of certainty equivalence can be misleading. Under more...
Persistent link: https://www.econbiz.de/10012476571
This paper reexamines the consistency of the permanent income hypothesis with aggregate, post-war, United States data. The permanent income hypothesis is nested within a more general model in which a fraction of income accrues to individuals who consume their current income rather than their...
Persistent link: https://www.econbiz.de/10012476631