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proportionate revision in target wealth. We use panel data on the amount of wealth held for precautionary purposes available in the … permanent component of income, we find that households indeed revise approximately one-for-one their target wealth in response … permanent income is negatively correlated with the "wealth gap", particularly for individuals whose wealth is substantially …
Persistent link: https://www.econbiz.de/10012481257
We estimate the effects of large, positive wealth shocks on marriage and fertility in a sample of Swedish lottery … players. For male winners, wealth increases marriage formation and reduces divorce risk, suggesting wealth increases men …'s attractiveness as prospective and current partners. Wealth also increases male fertility. The only discernible effect on female …
Persistent link: https://www.econbiz.de/10014247960
how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate … wealth causes house price appreciation--counties with higher crypto wealth see higher growth in home values following high …
Persistent link: https://www.econbiz.de/10014322832
Recent fiscal policies, including the 2008 stimulus payments and the 2009 Making Work Pay tax credit, aimed to increase household spending. This paper quantifies the spending response to these policies and examines differences in spending by whether the stimulus was delivered as a one-time...
Persistent link: https://www.econbiz.de/10012462409
This paper provides evidence on child penalties in female and male earnings in different countries. The estimates are based on event studies around the birth of the first child, using the specification proposed by Kleven et al. (2018). The analysis reveals some striking similarities in the...
Persistent link: https://www.econbiz.de/10012479479
Previous research has shown that the reasons for lapsation have important implications regarding the effects of the emerging life settlement market on consumer welfare. We present and empirically implement a dynamic discrete choice model of life insurance decisions to assess the importance of...
Persistent link: https://www.econbiz.de/10012460759
Over 20 percent of prison and jail inmates in the United States are currently awaiting trial, but little is known about the impact of pre-trial detention on defendants. This paper uses the detention tendencies of quasi-randomly assigned bail judges to estimate the causal effects of pre-trial...
Persistent link: https://www.econbiz.de/10011578513
unemployment benefits on the duration of joblessness in Austria, and discuss implementation issues that may arise in similar … nonparametric estimation (e.g. Imbens et al. (2012) and Calonico et al. (2014)) are sometimes interpreted by practitioners as … pointing to a default estimation procedure, we show that in any given application different procedures may perform better or …
Persistent link: https://www.econbiz.de/10012455899
Understanding whether, and in what situations, time spent in prison is criminogenic or preventive has proven challenging due to data availability and correlated unobservables. This paper overcomes these challenges in the context of Norway's criminal justice system, offering new insights into how...
Persistent link: https://www.econbiz.de/10012456032
We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start with the measurement of offshoring, focusing on the use of imported inputs that could have been produced by the importing firm. We overview key theories related to offshoring...
Persistent link: https://www.econbiz.de/10012456633