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Risk Pooling and Precautionary Saving in Village Economies

Fafchamps, Marcel; Shrinivas, Aditya - National Bureau of Economic Research - 2022

We propose a new method to test for efficient risk pooling that allows for intertemporal smoothing, non-homothetic consumption, and heterogeneous risk and time preferences. The method is composed of three steps. The first one allows for precautionary savings by the aggregate risk pooling group....

Persistent link: https://www.econbiz.de/10013334347

What Do People Want?

Benjamin, Daniel J.; Cooper, Kristen B; Heffetz, Ori; … - National Bureau of Economic Research - 2025

We elicited over a million stated preference choices over 126 dimensions or "aspects" of well-being from a sample of 3,358 respondents on Amazon's Mechanical Turk (MTurk). Our surveys also collected self-reported well-being (SWB) questions about respondents' current levels of the aspects of...

Persistent link: https://www.econbiz.de/10015409877

Managing Mental Accounts : Payment Cards and Consumption Expenditures

Gelman, Michael; Roussanov, Nikolai - National Bureau of Economic Research - 2023

Does mental accounting matter for total consumption expenditures? We exploit a unique setting in which individuals exogenously received a new credit card, without requesting one. Using random variation in the time of receipt we show that individuals temporarily increase total consumption...

Persistent link: https://www.econbiz.de/10014337846

The Impact of Intergenerational Transfers on the Distribution of Wealth : An International Comparison

Horioka, Charles - National Bureau of Economic Research - 2024

In this paper, I analyze detailed data on intergenerational transfers in 4 countries (China, India, Japan, and the United States) from the "Japan Household Panel Survey on Consumer Preferences and Satisfaction (JHPS-CPS)" which has been conducted by the Institute of Social and Economic Research...

Persistent link: https://www.econbiz.de/10015094857

More Unequal We Stand? : Inequality Dynamics in the United States 1967-2021

Heathcote, Jonathan; Perri, Fabrizio; Violante, Giovanni L. - National Bureau of Economic Research - 2023

Heathcote et al. (2010) conducted an empirical analysis of several dimensions of inequality in the United States over …, the gender wage gap has kept shrinking. Both individual- and household-level income inequality have continued to rise at … the top, while the cyclical component of inequality dominates dynamics below the median. Inequality in consumption …

Persistent link: https://www.econbiz.de/10014322873

Bequests

Horioka, Charles - National Bureau of Economic Research - 2025

In this paper, we discuss bequests and other intergenerational transfers and what impact they have on the consumption, saving, and labor supply behavior of households. We show that bequests and other intergenerational transfers are prevalent in most countries, that they are sometimes motivated...

Persistent link: https://www.econbiz.de/10015421877

Welfare Effects of Buyer and Seller Power

Demirer, Mert; Rubens, Michael - National Bureau of Economic Research - 2025

In this paper, we provide a theoretical characterization of the welfare effects of buyer and seller power in vertical … relative elasticity of upstream supply and downstream demand is the key determinant of whether buyer or seller power creates …

Persistent link: https://www.econbiz.de/10015195017

Asymmetric Crime Cycles

Mocan, H. Naci - 2005

Recent theoretical models based on dynamic human capital formation, or social influence, suggest an inverse relationship between criminal activity and economic opportunity and between criminal activity and deterrence, but predict an asymmetric response of crime. In this paper we use three...

Persistent link: https://www.econbiz.de/10012467475

Evaluation of Four Tax Reforms in the United States : Labor Supply and Welfare Effects for Single Mothers

Eissa, Nada - 2004

A large literature evaluating the welfare effects of taxation has examined the role of the labor supply elasticity, and … has shown that the estimated welfare effects are highly sensitive to its size. A common feature of this literature is its … margin (hours worked). To understand the implications of the participation decision for the welfare analysis of tax reform …

Persistent link: https://www.econbiz.de/10012467752

Empirical Estimates for Environmental Policy Making in a Second-Best Setting

West, Sarah E. - 2004

-price elasticity between gasoline and leisure. Prior work indicates that in a second-best setting with distortionary income taxes, both … the cost of environmental regulation and the optimal environmental tax rate depend crucially on the cross-price elasticity … elasticity. Using household data, we find that gasoline is a relative complement to leisure, and thus that the optimal gasoline …

Persistent link: https://www.econbiz.de/10012468362