Similar Search Results

Weathering an unexpected financial shock: The role of cash grants on household finance and business survival

Gallagher, Justin; Hartley, Daniel; Rohlin, Shawn - 2019

We estimate the causal effect of cash grants on household finance and business survival following a natural disaster. Disaster-affected individuals in high damage blocks with access to cash grants have 17% less credit card debt following the disaster than those without access to cash grants....

Persistent link: https://www.econbiz.de/10012429404

The reaction of consumer spending and debt to tax rebates: Evidence from consumer credit data

Agarwal, Sumit; Liu, Chunlin; Souleles, Nicholas S. - 2007

We use a new panel dataset of credit card accounts to analyze how consumers responded to the 2001 federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that on average...

Persistent link: https://www.econbiz.de/10010292101

Education and optimal dynamic taxation: The role of income-contingent student loans

Findeisen, Sebastian; Sachs, Dominik - 2012

We study Pareto optimal tax and education policies when human capital upon labor market entry is endogenous and individuals face wage uncertainty. Though optimal labor distortions are history-dependent, i.e. depend on income and education, simple policy instruments can yield the desired...

Persistent link: https://www.econbiz.de/10010316898

Marginal deadweight loss when the income tax is nonlinear

Blomquist, Sören; Simula, Laurent - 2010

Almost all theoretical work on how to calculate the marginal deadweight loss has been done for linear taxes and for variations in linear budget constraints. This is quite surprising since most income tax systems are nonlinear, generating nonlinear budget constraints. Instead of developing the...

Persistent link: https://www.econbiz.de/10010321364

International business cycle spillovers

Yilmaz, Kamil - 2009

We apply Diebold-Yilmaz spillover index methodology to monthly industrial production indices to study business cycle interdependence among G-6 industrialized countries since 1958. The business cycle spillover index fluctuates substantially over time, increasing especially after the 1973-75,...

Persistent link: https://www.econbiz.de/10010277269

International evidence on sticky consumption growth

Carroll, Christopher D.; Slacalek, Jiri; Sommer, Martin - 2008

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...

Persistent link: https://www.econbiz.de/10010277539

Financialisation and stagnation: A macroeconomic regime perspective

Hein, Eckhard - 2020

-led mercantilist and the domestic demand-led regime and apply this to six countries, Germany, France, Spain, Sweden, the UK and the USA …

Persistent link: https://www.econbiz.de/10012292734

The impact of health and education on labor force participation in aging societies: Projections for the United States and Germany from a dynamic microsimulation

Böheim, René; Horvath, Gerard Thomas; Leoni, Thomas; … - 2021

2060 and contrast these projections with projections for Germany to assess differential effects on outcomes The projections …. Both the US and Germany are expected to undergo demographic aging, but their demographic fundamentals differ starkly. This … 2020 and 2060, while Germany will experience a decline by 10.7 percent (4.4 million workers). In these baseline projections …

Persistent link: https://www.econbiz.de/10012800472

Managed Care Konzepte und Lösungsansätze: Ein internationaler Vergleich aus schweizerischer Sicht

Schoder, Johannes; Zweifel, Peter - 2008

gauge the contribution of Managed Care to the performance of three health care systems, viz. Germany, the Netherlands and …

Persistent link: https://www.econbiz.de/10010315483

Is the currency risk priced in equity markets?

Giurda, Francesco; Tzavalis, Elias - 2004

In this paper we investigate whether the currency risk is priced in international stock markets. We suggest a parsimonious version of the international capital asset pricing model with an EGARCH-M(1,1) specification of the second moments' dynamics of stock and currency returns, assuming that the...

Persistent link: https://www.econbiz.de/10010284112