Narrow search
Showing 1 - 10 of 6,946
Cover Image
Insurance and Rural Welfare: What can Panel Data tell us?
Elbers, Chris; Gunning, Jan Willem; Pan, Lei - 2007
Assessing the scope for insurance in rural communities usually requires a structural model of household behavior under … Indian farmers in the ICRISAT villages would not benefit from the introduction of formal weather insurance. In this paper we … that this can affect the conclusion that insurance would not be welfare improving. …
Persistent link: https://www.econbiz.de/10010325576
Cover Image
Growth and Risk: Methodology and Micro Evidence
Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - 2003
There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...
Persistent link: https://www.econbiz.de/10010324821
Cover Image
Consumption smoothing and price enhancement motives for grain storage: Empirical perspectives from rural Ethiopia
Tesfaye, Wondimagegn; Gebremariam, Gebrelibanos - In: Agricultural and Food Economics 8 (2020) 1, pp. 1-19
Consumption smoothing and temporal price arbitrage are the two main economic motives for grain storage in semi-subsistence economies. Nonetheless, little has been documented on the determinants of households' grain storage behavior. Using a rich panel data from maize producing households in...
Persistent link: https://www.econbiz.de/10012613869
Cover Image
Unemployment and portfolio choice: Does persistence matter?
Kuzin, Vladimir N.; Bremus, Franziska M. - 2010
We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...
Persistent link: https://www.econbiz.de/10010291783
Cover Image
The Effect of Health and Employment Risks on Precautionary Savings
Geyer, Johannes - 2011
This paper extends the idea of using ex-ante risk measures in a model of precautionary savings by explicitly simulating future net-income risks. The uncertainty measure takes into account the interdependency of labour market status and health. The model is estimated for prime age males using the...
Persistent link: https://www.econbiz.de/10011601050
Cover Image
The Response of Consumption in Russian Households to Economic Shocks
Stillman, Steven - 2001
This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994 – 1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The...
Persistent link: https://www.econbiz.de/10010262612
Cover Image
Wage risk and employment risk over the life cycle
Low, Hamish; Meghir, Costas; Pistaferri, Luigi - 2008
heterogeneity. Our model allows for four main social insurance programmes. In contrast to simpler models that attribute all income … stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …) insurance against employment risk and no insurance against persistent shocks. …
Persistent link: https://www.econbiz.de/10010268615
Cover Image
Unemployment and Portfolio Choice: Does Persistence Matter?
Bremus, Franziska M.; Kuzin, Vladimir N. - 2010
We use a realistically calibrated life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes and Maenhout (2005). We extend it by...
Persistent link: https://www.econbiz.de/10010274543
Cover Image
Wage risk and employment risk over the life cycle
Low, Hamish; Meghir, Costas; Pistaferri, Luigi - 2008
heterogeneity. Our model allows for four main social insurance programmes. In contrast to simpler models that attribute all income … stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …) insurance against employment risk and no insurance against persistent shocks. …
Persistent link: https://www.econbiz.de/10010275760
Cover Image
Precautionary Savings of Agents with Heterogeneous Risk Aversion
Limosani, Michele; Millemaci, Emanuele - 2012
This paper focuses on the estimation of the importance of the precautionary motive in the wealth accumulation decision. We use a micro dataset containing information on wealth, a subjective measure of income uncertainty and subjective indicators of risk aversion. The latter makes us possible to...
Persistent link: https://www.econbiz.de/10011496190