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Davidoff, Thomas - 2003

This paper advances the theory of annuity demand. First, we derive sufficient conditions under which complete annuitization is optimal, showing that this well-known result holds true in a more general setting than in Yaari (1965). Specifically, when markets are complete, sufficient conditions...

Persistent link: https://www.econbiz.de/10012468984

The Health of Nations : The Contribution of Improved Health to Living Standards

Nordhaus, William D. - 2002

Nations generally measure their economic performance using the yardstick of national output and income. It is not widely recognized, however, that conventional measures of national income and output exclude the value of improvements in the health status of the population. The present study...

Persistent link: https://www.econbiz.de/10012469897

Changes in Household Living Arrangements 1950-76

Michael, Robert T. - 1980

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

FDI and Inequality in Vietnam : An Approach with Census Data

McLaren, John - 2016

of FDI on household welfare is more difficult than measuring the effect of trade policy, and may pose a difficulty for …

Persistent link: https://www.econbiz.de/10012455750

Welfare Costs of Idiosyncratic and Aggregate Consumption Shocks

Kōnstantinidēs, Giōrgos - National Bureau of Economic Research - 2021

household utility and benefits of eliminating idiosyncratic shocks related to the business cycle as 3.4% of utility. Estimates … the business cycle, estimate the negative skewness of shocks, target moments of idiosyncratic shocks from household … insuring idiosyncratic shocks unrelated to the business cycle, such as the death of a household's prime wage earner and job …

Persistent link: https://www.econbiz.de/10012599299

Welfare Reform and Family Expenditures : How are Single Mothers Adapting to the New Welfare and Work Regime?

Kaushal, Neeraj - 2006

We study the effect of welfare reform, broadly defined to include social policy changes in the 1990s, on the material well-being and expenditure patterns of poor single-mother families. Our research suggests that welfare reform did not affect total expenditures in households headed by...

Persistent link: https://www.econbiz.de/10012466037

Determinants and Consequences of Bargaining Power in Households

Friedberg, Leora - 2006

A growing literature offers indirect evidence that the distribution of bargaining power within a household influences … decisions made by the household. The indirect evidence links household outcomes to variables that are assumed to influence the … distribution of power within the household. In this paper, we have data on whether a husband or wife in the Health and Retirement …

Persistent link: https://www.econbiz.de/10012466298

Down or Out : Assessing the Welfare Costs of Household Investment Mistakes

Calvet, Laurent E. - 2006

This paper investigates the efficiency of household investment decisions in a unique dataset containing the …

Persistent link: https://www.econbiz.de/10012466639

The Demand for Money, Financial Innovation, and the Welfare Cost of Inflation : An Analysis with Household Data

Attanasio, Orazio - 1998

How far can shoe-leather go in explaining the welfare cost of inflation? Using a unique set of microeconomic data on households, we estimate the parameters of the demand for money derived from the generalized Baumol-Tobin model. Our data set contains information on average holdings of cash, on...

Persistent link: https://www.econbiz.de/10012472217

Inferring Inequality with Home Production

Boerma, Job - 2017

We revisit the causes, welfare consequences, and policy implications of the dispersion in households' labor market outcomes using a model with uninsurable risk, incomplete asset markets, and a home production technology. Accounting for home production amplifies welfare-based differences across...

Persistent link: https://www.econbiz.de/10012453547

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