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We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...
Persistent link: https://www.econbiz.de/10012482193
We study the role of morality in debt repayment, using an experiment with the credit card customers of a large Islamic bank in Indonesia. In our main treatment, clients receive a text message stating that "non-repayment of debts by someone who is able to repay is an injustice." This moral appeal...
Persistent link: https://www.econbiz.de/10012457058
"Short-run subsidies for health products are common in poor countries. How do they affect long-run adoption? We present a model of technology adoption in which people learn about a technology's effectiveness by using it (or observing others using it) for some time, but people quit using it too...
Persistent link: https://www.econbiz.de/10003987975
importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in …
Persistent link: https://www.econbiz.de/10011395038
This is the first paper to investigate the determinants of the demand for medical care in the People's Republic of … characteristics and work conditions impact the demand for medical care. Income elasticity is around 0.3, indicating medical care is a … necessity. Medical care demand is price inelastic, and price elasticity is larger in absolute value for poorer households …
Persistent link: https://www.econbiz.de/10012471094
market. This paper examines the initial effects of the tax subsidy on the demand for health insurance using previously …
Persistent link: https://www.econbiz.de/10012471232
approximately $140 million or 7.5 percent of current coverage. As expected, tax effects vary with the elasticity of demand. When … demand is largely inelastic, e.g., automobile liability coverage, taxes do not affect self-insurance …
Persistent link: https://www.econbiz.de/10012471330
Substantial econometric efforts have been devoted to examining the impacts prices and tobacco control policies have on smoking propensity and intensity. However, little is known about the effects prices, smoking restrictions, and other influences have on smoking cessation. This paper uses...
Persistent link: https://www.econbiz.de/10012471528
This paper provides evidence against the hypothesis that elderly individuals with strong bequest motives purchase term life insurance to offset mandatory annuitization by the existing Social Security system. Using new data on elderly households, this study is able to examine ownership of pure...
Persistent link: https://www.econbiz.de/10012471595
demand is a key factor in deviations from the steady-state growth path with a Keynesian-type spending multiplier despite the …
Persistent link: https://www.econbiz.de/10012585372