This paper presents an empirical analysis of intergenerational linkages in non-farm participation with a focus on gender effects. The evidence, using survey data from Nepal, shows that the mother exerts strong influence on a daughter's employment choice: having a mother in non-farm sector raises...

The authors present an empirical analysis of intergenerational links in nonfarm participation with a focus on gender effects. Using survey data from Nepal, the evidence shows that the mother exerts a strong influence on a daughter's employment choice. Having a mother in a nonfarm sector raises a...

This paper presents a simple new method for estimating the size of ‘wealth effects?on aggregate consumption. The method exploits the well-documented sluggishness of consumption growth (often interpreted as ‘habits?in the asset pricing literature) to distinguish between short-run and long-run...

This paper presents a simple new method for estimating the size of 'wealth effects' on aggregate consumption. The method exploits the well-documented sluggishness of consumption growth (often interpreted as 'habits' in the asset pricing literature) to distinguish between short-run and long-run...

This paper presents a simple new method for measuring `wealth effects' on aggregate consumption. The method exploits the stickiness of consumption growth (sometimes interpreted as reflecting consumption `habits') to distinguish between immediate and eventual wealth effects. In U.S. data, we...

This paper presents a simple new method for measuring `wealth effects' on aggregate consumption. The method exploits the stickiness of consumption growth (sometimes interpreted as reflecting consumption `habits') to distinguish between immediate and eventual wealth effects. In U.S. data, we...