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The impact of growth on the transmission of patience
Delli Gatti, Domenico; Grazzini, Jakob; Massaro, Domenico; … - 2022
Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth …, coherently with the model's prediction, growth has a significant impact on the effort to teach patience. … influences patience. We propose a simple theoretical framework where heterogeneous parents may choose to transmit their cultural …
Persistent link: https://www.econbiz.de/10014550324
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Parenting values moderate the intergenerational transmission of time preferences
Brenøe, Anne Ardila; Epper, Thomas - 2019
find substantial transmission of patience from parents to children, which is insensitive to the inclusion of comprehensive … parents, authoritarian and permissive parents transmit patience to their offspring. Meanwhile, parental involvement is not an …
Persistent link: https://www.econbiz.de/10012111390
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Stock Market Returns and Consumption
Di Maggio, Marco; Kermani, Amir; Majlesi, Kaveh - 2018
This paper employs Swedish data on households' stock holdings to investigate how consumption responds to changes in stock market returns. We instrument the actual capital gains and dividend payments with past portfolio weights. Unrealized capital gains lead to a marginal propensity to consume...
Persistent link: https://www.econbiz.de/10013208801
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Investment, autonomous demand and long run capacity utilization: An empirical test for the Euro Area
Gallo, Ettore - 2019
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
Persistent link: https://www.econbiz.de/10011997037
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Is there an income convergence across provinces of Turkey?
Öz, Sumru - 2017
In this paper, whether there is a convergence of per capita incomes across Turkish provinces during 2004-2014 period is examined following the availability of per capita incomes of Turkish provinces for this period as of December 2016. Considering that firms and households of different regions...
Persistent link: https://www.econbiz.de/10012060229
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Sustained exchange rate misalignment and economic development
Martins, Guilherme Klein; Razmi, Arslan - 2022
Employing propensity score reweighting and event-based strategies, we provide evidence that sustained real exchange rate (RER) misalignments have significant effects on economic development: positive on GDP per capita and capital stock in the case of undervaluation, and negative on the capital...
Persistent link: https://www.econbiz.de/10013467125
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The principle of effective demand: Marx, Kalecki, Keynes and beyond
Hein, Eckhard - 2015
towards distribution and growth. …
Persistent link: https://www.econbiz.de/10011381299
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Causes and consequences of the financial crisis and the implications for a more resilient financial and economic system
Hein, Eckhard - 2016
The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431825
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The Bhaduri/Marglin post-Kaleckian model in the history of distribution and growth theories: An assessment by means of model closures
Hein, Eckhard - 2016
Starting from a review of the main strands of orthodox and heterodox distribution and growth models and their … variant of heterodox distribution and growth theories, we develop a simple modelling framework in which we can treat these … presented drawing on the relationship between the rate of profit and the rate of growth, as well as on the consideration of one …
Persistent link: https://www.econbiz.de/10011450856
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Making the case for a low intertemporal elasticity of substitution
Braun, R. Anton; Nakajima, Tomoyuki - 2012
We provide two ways to reconcile small values of the intertemporal elasticity of substitution (IES) that range between 0.35 and 0.5 with empirical evidence that the IES is large. We do this reconciliation using a model in which all agents have identical preferences and the same access to asset...
Persistent link: https://www.econbiz.de/10010292314