Showing 1 - 10 of 107
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labour supply decisions. We derive analytical expressions based on approximations for the dynamics of consumption, hours, and earnings...
Persistent link: https://www.econbiz.de/10011605701
We study infrequent durables stock adjustment by consumers who also derive utility from non-durable consumption flows, in the presence of idiosyncratic income uncertainty. We first characterize how the extent of uncertainty bears theoretically on the cross-sectional distribution of the...
Persistent link: https://www.econbiz.de/10005114208
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for the dynamics of consumption, hours, and earnings...
Persistent link: https://www.econbiz.de/10013057673
fluctuations. When wealth is below an optimal target, consumers try to increase their buffer stock of wealth by saving more. When … it is above target, they increase consumption. This important implication of the buffer stock model of saving has not … groups that are more likely, a priori, to display such behavior. The saving behavior of young households is instead …
Persistent link: https://www.econbiz.de/10010958699
fluctuations. When wealth is below an optimal target, consumers try to increase their buffer stock of wealth by saving more. When … it is above target, they increase consumption. This important implication of the buffer stock model of saving has not … groups that are more likely, a priori, to display such behavior. The saving behavior of young households is instead …
Persistent link: https://www.econbiz.de/10010298378
We argue that health care quality has an important impact on economic inequality and on saving behaviour. We exploit … of quality on income inequality, health inequality and precautionary saving. We find that in lower quality districts … there is greater income and health dispersion and higher precautionary saving. The analysis carries important insights for …
Persistent link: https://www.econbiz.de/10005791670
fluctuations. When wealth is below an optimal target, consumers try to increase their buffer stock of wealth by saving more. When … it is above target, they increase consumption. This important implication of the buffer stock model of saving has not … population groups that are more likely, a priori, to display such behaviour. The saving behaviour of young households is instead …
Persistent link: https://www.econbiz.de/10005504459
Most of the empirical literature on consumption behaviour over the last decades has focused on estimating Euler equations. However, there is now consensus that data-related problems make this approach unfruitful, especially for answering policy relevant issues. Alternatively, many papers have...
Persistent link: https://www.econbiz.de/10011604618
Most of the empirical literature on consumption behaviour over the last decades has focused on estimating Euler equations. However, there is now consensus that data-related problems make this approach unfruitful, especially for answering policy relevant issues. Alternatively, many papers have...
Persistent link: https://www.econbiz.de/10013318113
Persistent link: https://www.econbiz.de/10004999914