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A complementary micro Coronavirus model under uncertainty and utility
Gander, James P. - 2020
A micro decision-making utility model under uncertainty is presented as a complementary foundation for macro …
Persistent link: https://www.econbiz.de/10013269247
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Cognitive droughts
Lichand, Guilherme; Mani, Anandi - 2020
Poverty involves both low income levels and high income uncertainty. Do both these dimensions of being poor capture … by farmers in Brazil: random payday variation affecting income levels, and rainfall shocks that affect income uncertainty …. We find that it is income uncertainty that systematically has adverse cognitive effects; low income levels affect only …
Persistent link: https://www.econbiz.de/10012166458
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The 'Expansionary Fiscal Contraction Hypothesis' and Uncertainty About the Permanence of Fiscal Consolidations
Bergman, Michael - 2000
between temporary and permanent shocks. Our simulations suggest that uncertainty about the permanence of government …
Persistent link: https://www.econbiz.de/10013208403
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Adverse Selection with individual- and joint-life annuities
Pech, Susanne - 2004
This paper includes couples on the demand side and analyses their implications on the problem of adverse selection in the annuity market. First, we examine the pooling equilibrium for individual-life annuities and show that in the presence of couples the rate of return on individuallife...
Persistent link: https://www.econbiz.de/10010294618
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Revisiting the role of home production in life-cycle labor supply
Faberman, R. Jason - 2015
This paper examines the role of home production in estimating life-cycle labor supply. I show that, consistent with previous studies, ignoring an individual's time spent on home production when estimating the Frisch elasticity of labor supply biases its estimate downwards. I also show, however,...
Persistent link: https://www.econbiz.de/10011460659
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Family social norms and child labor
Katav-Herz, Shirit; Epstein, Gil S. - 2021
Child labor is a widespread phenomenon and therefore is of interest to both researchers and policy makers. Various reasons for the existence of child labor have been proposed with the goal of designing appropriate solutions. While household poverty is viewed as the main reason for child labor,...
Persistent link: https://www.econbiz.de/10014304173
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Agricultural productivity in Burkina Faso: The role of gender and risk attitudes
Sepahvand, Mohammad H. - 2019
This study is an empirical investigation of how individual risk attitudes influence the agricultural productivity of men and women in a sub-Saharan African country, Burkina Faso. By analyzing a large representative panel survey of farmers from 2014 and 2015, the results indicate lower...
Persistent link: https://www.econbiz.de/10012013525
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Agricultural productivity in Burkina Faso: The role of gender and risk attitudes
Sepahvand, Mohammad H. - 2022
This study analyzes how risk attitudes influence the agricultural productivity of men and women in a subSaharan African country, Burkina Faso. By using a large representative panel survey of farmers, the results show that as female farmers increase risk taking, the productivity of female-owned...
Persistent link: https://www.econbiz.de/10014318982
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Theoretical foundations of buffer stock saving
Carroll, Christopher D. - 2004
Buffer-stock versions of the dynamic stochastic optimizing model of saving are now standard in the consumption literature. This paper builds theoretical foundations for rigorous understanding of the main characteristics of buffer stock models, including the existence of a target level of wealth...
Persistent link: https://www.econbiz.de/10010293477
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Portfolio decisions on life annuities and financial assets with longevity and income uncertainty
Pech, Susanne - 2004
There are two stylised facts, namely weak demand for life-annuities and flat age-wealth profile that contradict the life-cycle hypothesis. In this paper we design a theoretical framework, which combines plausible arguments, which have been put forward in the literature to reconcile theory with...
Persistent link: https://www.econbiz.de/10010294565