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Tourism and Economic Development : Evidence from Mexico's Coastline
Faber, Benjamin - 2016
Tourism is a fast-growing services sector in developing countries. This paper combines a rich collection of Mexican … consequences of tourism both locally and in the aggregate. We find that tourism causes large and significant local economic gains … regions, so that the national gains from trade in tourism are mainly driven by a classical market integration effect …
Persistent link: https://www.econbiz.de/10012456375
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Innovation and Welfare : Results from Joint Estimation of Production and Demand Functions
Jaumandreu, Jordi - 2010
elasticity of the demand for the output and the impact of demand and cost shifters. The use of this framework helps, in the first … way to assess the welfare effects of firms' innovative actions by estimating their impact on both cost and demand. We show …
Persistent link: https://www.econbiz.de/10012462434
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Global Trends in Income Inequality and Income Dynamics : New Insights from GRID
Guvenen, Fatih; Pistaferri, Luigi; Violante, Giovanni L. - National Bureau of Economic Research - 2022
micro panel data drawn from administrative records; it fully exploits the longitudinal dimension of the underlying datasets …
Persistent link: https://www.econbiz.de/10013388880
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The importance of precautionary motives in explaining individual and aggregate saving
Hubbard, R. Glenn; Skinner, Jonathan; Zeldes, Stephen P. - 1993
Persistent link: https://www.econbiz.de/10000109281
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Social Security and Inequality over the Life Cycle
Deaton, Angus - 2000
This paper examines the consequences of social security reform for the inequality of consumption across individuals. The idea is that inequality is at least in part the result of individual risk in earnings or asset returns, the effects of which accumulate over time to increase inequality within...
Persistent link: https://www.econbiz.de/10012471205
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Anticipated and Actual Bequests
Hurd, Michael D. - 1999
This paper uses data on anticipated bequests from two waves of the Health and Retirement Study and the Asset and Health Dynamics of the Oldest Old (AHEAD), and on actual bequests from AHEAD. Actual bequests were measured in exit interviews given by proxy respondents for 774 AHEAD respondents who...
Persistent link: https://www.econbiz.de/10012471404
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Consumption Over the Life Cycle
Gourinchas, Pierre-Olivier - 1999
This paper employs a synthetic cohort technique and Consumer Expenditure Survey data to construct average age-profiles of consumption and income over the working lives of typical households across different education and occupation groups. Using these profiles, we estimate a structural model of...
Persistent link: https://www.econbiz.de/10012471519
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Private Pensions, Mortality Risk, and the Decision to Annuitize
Brown, Jeffrey R. - 1999
This paper examines household decisions about whether or not to annuitize retirement resources. A life-cycle model of consumption, implemented with the use of dynamic programming techniques, is used to construct a utility-based measure of annuity value for individuals and couples in the Health...
Persistent link: https://www.econbiz.de/10012471597
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Taxation and Saving
Bernheim, B. Douglas - 1999
In this survey, I summarize and evaluate the extant literature concerning taxation and personal saving. I describe the theoretical models that economists have used to depict saving decisions, and I explore the positive and normative implications of these models. The central positive question is...
Persistent link: https://www.econbiz.de/10012471740
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Mortality Risk and Consumption by Couples
Hurd, Michael D. - 1999
. Summaries of wealth change and consumption in panel data are given which offer general support for the life-cycle model …
Persistent link: https://www.econbiz.de/10012471753