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Dissecting idiosyncratic earnings risk
Halvorsen, Elin; Holter, Hans A.; Ozkan, Serdar; … - 2022
Persistent link: https://www.econbiz.de/10013367877
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Do behavioral drivers matter for healthcare decision-making in times of Crisis? : a study of low-income women in El Salvador during the COVID-19 pandemic
Bernal, Pedro; Daga, Giuliana; Kossuth, Lajos; López … - 2023
Understanding health-seeking behaviors and their drivers is key for governments to manage health policies. There is a growing literature on the role of cognitive biases and heuristics in health and care-seeking behaviors, but little is known of how they might be influenced during a context of...
Persistent link: https://www.econbiz.de/10014546236
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Consumer bankruptcy, mortgage default and labour supply
Li, Wenli; Meghir, Costas; Oswald, Florian - 2022
We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic...
Persistent link: https://www.econbiz.de/10013167646
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Buffer-stock saving and households' response to income shocks
Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2017
contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk … significant insurance beyond that implied by self-insurance. …
Persistent link: https://www.econbiz.de/10011694737
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Explaining intergenerational mobility : the role of fertility and family transfers
Daruich, Diego; Kozlowski, Julian - 2018
Poor families have more children and transfer less resources to them. This suggests that family decisions about fertility and transfers dampen intergenerational mobility. To evaluate the quantitative importance of this mechanism, we extend the standard heterogeneous agent life cycle model with...
Persistent link: https://www.econbiz.de/10011911515
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Insurance, redistribution, and the inequality of lifetime income
Haan, Peter; Kemptner, Daniel; Prowse, Victoria; … - 2023
-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in … lifetime tax reform linking annual taxes to previous employment could improve the system's insurance capabilities, albeit at …
Persistent link: https://www.econbiz.de/10014419242
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Lifecycle earnings risk and insurance : new evidence from Australia
Tin, Darapheak; Tran, Chung - 2022
Persistent link: https://www.econbiz.de/10013502599
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The Covid-19 crisis and consumption : survey evidence from six EU countries
Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2020
Persistent link: https://www.econbiz.de/10012502781
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Job displacement risk and severance pay
Cozzi, Marco; Fella, Giulio - 2016
This paper is a quantitative, equilibrium study of the insurance role of severance pay when workers face displacement … persistent earning losses, we find that the welfare gains from the insurance against job displacement afforded by severance pay …
Persistent link: https://www.econbiz.de/10011458292
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Consumer default with complete markets : default-based pricing and finite punishment
Mateos-Planas, Xavier; Seccia, Giulio - 2013
loans of different sizes separately. This environment yields only partial insurance. The default-based pricing of debt makes … it too costly for the borrower to achieve full insurance and there is too little trade in securities. This framework is … constraints that rule default out. Compared with the latter, the present approach appears to imply more consumption inequality. An …
Persistent link: https://www.econbiz.de/10010210815