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The COVID-19 pandemic has upended health and living standards around the world. This article provides an interim overview of these effects, with a particular focus on low- and middle-income countries (LMICs). Economists have explained how the pandemic is likely to have differential consequences...
Persistent link: https://www.econbiz.de/10012660017
We analyze the externalities that arise when social and economic interactions transmit infectious diseases such as COVID-19. Individually rational agents do not internalize that they impose infection externalities upon others when the disease is transmitted. In an SIR model calibrated to capture...
Persistent link: https://www.econbiz.de/10012481966
The growth in single-person households is a pervasive behavioral phenomenon in the United States in the post-war period. In this paper we investigate determinants of the propensity to live alone, using 1970 data across states for single men and women ages 25 to 34 and for elderly widows. Income...
Persistent link: https://www.econbiz.de/10012478656
of FDI on household welfare is more difficult than measuring the effect of trade policy, and may pose a difficulty for … the view of FDI as a general anti-poverty strategy …
Persistent link: https://www.econbiz.de/10012455750
individuals had some form of insurance, which helped surviving household members defray some fraction of funeral expenses. However … observed social status of the household and that of the deceased. Households that cannot afford a funeral commensurate with … consistent with our model of household decision-making …
Persistent link: https://www.econbiz.de/10012464191
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 …-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged …
Persistent link: https://www.econbiz.de/10012456265
rates. We estimate the present-discounted cost to the median household who fails to refinance to be approximately $11 …
Persistent link: https://www.econbiz.de/10012458265
This paper uses monthly zip code-level data on electricity disconnections to document the socioeconomic correlates of extreme economic distress among 5 million customers in Illinois. In 2018-2019, customers in Black and Hispanic zip codes were about 4 times more likely to be disconnected for...
Persistent link: https://www.econbiz.de/10012482638
participants. These patterns conceal strong household-level evidence of active rebalancing, which on average offsets about one half …
Persistent link: https://www.econbiz.de/10012464470
Under-refinancing limits the transmission of accommodative monetary policy to the household sector and costs mortgage …-effectiveness calculation implies that the average reminder letter generated €42 of mortgagor consumption (€605 per refinancing household). Our …
Persistent link: https://www.econbiz.de/10014247964