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Income is simultaneously one of the most important variables used by economists and the variable most likely to be missing due to item non-response. While observations that are missing income responses are often dropped from analyses, such treatment is usually inappropriate. More appropriate...
Persistent link: https://www.econbiz.de/10013388775
Indonesian economic crisis on household welfare there. Using only pre-crisis household information, we estimate the compensating …-parametric methods. We find that virtually every household was severely impacted, although it was the urban poor that fared the worst … the geographic location of the household mattered even within urban or rural areas and household income categories …
Persistent link: https://www.econbiz.de/10012470154
This paper reviews the literature on international comparative household finance. The paper presents summary statistics … on household balance sheets for 13 developed countries, and uses these statistics to discuss common features and …
Persistent link: https://www.econbiz.de/10012456608
This paper explores the relationship between household marginal income tax rates, the set of assets that households own … surveys. The empirical findings suggest that a household's marginal tax rate has an important effect its asset allocation … decisions. The probability that a household owns tax-advantaged assets is strongly related to its tax rate on ordinary income …
Persistent link: https://www.econbiz.de/10012471393
Mortgage cramdown enabled bankruptcy judges to discharge the underwater portion of a mortgage during Chapter 13 bankruptcy before the Supreme Court disallowed this practice in 1993. We exploit the random assignment of cases to judges to quantify the ex-post effects of Chapter 13 bankruptcy over...
Persistent link: https://www.econbiz.de/10012585384
The growing "electrify everything" movement aims to reduce carbon dioxide emissions by transitioning households and firms away from natural gas toward electricity. This paper considers what this transition means for the customers who are left behind. Like most natural monopolies, natural gas...
Persistent link: https://www.econbiz.de/10012585439
We study how Americans respond to idiosyncratic and exogenous changes in household wealth and unearned income. Our …
Persistent link: https://www.econbiz.de/10012599290
household utility and benefits of eliminating idiosyncratic shocks related to the business cycle as 3.4% of utility. Estimates … the business cycle, estimate the negative skewness of shocks, target moments of idiosyncratic shocks from household … insuring idiosyncratic shocks unrelated to the business cycle, such as the death of a household's prime wage earner and job …
Persistent link: https://www.econbiz.de/10012599299
The growth of the availability and use of detailed household financial transaction microdata has dramatically expanded … the ability of researchers to understand both household decision-making as well as aggregate fluctuations across a wide …
Persistent link: https://www.econbiz.de/10012599317
first review standard data sources and discuss their advantages and disadvantages. We then document that household inflation …
Persistent link: https://www.econbiz.de/10013172125