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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 …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic …
Persistent link: https://www.econbiz.de/10013479037
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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 …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic …
Persistent link: https://www.econbiz.de/10013167646
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Durables and lemons: Private information and the market for cars
Blundell, Richard W.; Gu, Ran; Leth-Petersen, Søren; … - 2019
We specify an equilibrium model of car ownership with private information where individuals sell and purchase new and second-hand cars over their life-cycle. Private information induces a transaction cost and distorts the market reducing the value of a car as a savings instrument. We estimate...
Persistent link: https://www.econbiz.de/10012265325
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Durables and Lemons: Private Information and the Market for Cars
Blundell, Richard; Gu, Ran; Leth-Petersen, Søren; Low, … - 2019
We specify an equilibrium model of car ownership with private information where individuals sell and purchase new and second-hand cars over their life-cycle. Private information induces a transaction cost and distorts the market reducing the value of a car as a savings instrument. We estimate...
Persistent link: https://www.econbiz.de/10013202237
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Durables and Lemons : Private Information and the Market for Cars
Blundell, Richard W. - 2020
We specify an equilibrium model of car ownership with private information where individuals sell and purchase new and second-hand cars over their life-cycle. This private information introduces a transaction cost, distorts the market and reduces the value of a car as a savings instrument. We...
Persistent link: https://www.econbiz.de/10012823587
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Insurance in Extended Family Networks
Attanasio, Orazio - 2015
We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each is insured, having accounted for public insurance programs....
Persistent link: https://www.econbiz.de/10013025562
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Durables and lemons : private information and the market for cars
Blundell, Richard W.; Gu, Ran; Leth-Petersen, Søren; … - 2019
We specify an equilibrium model of car ownership with private information where individuals sell and purchase new and second-hand cars over their life-cycle. Private information induces a transaction cost and distorts the market reducing the value of a car as a savings instrument. We estimate...
Persistent link: https://www.econbiz.de/10012116571
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Insurance in Extended Family Networks
Attanasio, Orazio; Mommaerts, Corina; Meghir, Costas - Cowles Foundation for Research in Economics, Yale University - 2015
We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each is insured, having accounted for public insurance programs....
Persistent link: https://www.econbiz.de/10011210466
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Earnings, Consumption and Lifecycle Choices
Meghir, Costas; Pistaferri, Luigi - National Bureau of Economic Research (NBER) - 2010
We discuss recent developments in the literature that studies how the dynamics of earnings and wages affect consumption … choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption - highlighting the … contributions, distinguishing between papers that use only income data and those that use both income and consumption data. The …
Persistent link: https://www.econbiz.de/10008625922
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Insurance in Extended Family Networks
Attanasio, Orazio - 2018
We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each component is insured. We apply our framework to extended...
Persistent link: https://www.econbiz.de/10012915595