Showing 1 - 10 of 12
Societies provide institutions that are costly to use, but able to enforce long-run relationships. We study the optimal decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions. Third-party enforcement is modelled as a costly...
Persistent link: https://www.econbiz.de/10009635888
In the “perpetual youth” overlapping-generations model of Blanchard and Yaari, if leisure is a “normal” good then some agents will have negative labour supply. We suggest a solution to this problem by using a modified version of Greenwood, Hercowitz and Huffman’s utility function. The...
Persistent link: https://www.econbiz.de/10009639400
Economic theory predicts that the consumption path of unconstrained homeowners responds to the interest rate, while the consumption path of credit constrained homeowners is determined by the size and timing of payments (mortgage maturity). We exploit the rapid expansion of mort-gage markets...
Persistent link: https://www.econbiz.de/10009640630
We study how and to what extent private households are affected by the recent financial crisis and how their financial decisions are in uenced by this shock. Our analysis reveals that individuals with low levels of financial literacy are less likely to have invested in the stock market and thus...
Persistent link: https://www.econbiz.de/10009640632
We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...
Persistent link: https://www.econbiz.de/10009640634
Member States and Norway in their efforts to establish and verify the identity of third-country nationals within the context … verification processes. This study updates and supplements the 2013 EMN Study “Establishing Identity for International Protection …
Persistent link: https://www.econbiz.de/10012056060
This Synthesis Report presents the main findings of the second EMN Focussed Study “Establishing Identity for … national authorities in their efforts to establish, in the absence of credible documentation, the identity of applicants for …
Persistent link: https://www.econbiz.de/10012056080
The paper empirically tests three of the most significant theories about the emergence of a European identity. The … a European identity to emerge. It confirms that, because national and European identities are different, the development … of a European identity does not necessarily imply the transfer of loyalties from the national to the supranational level …
Persistent link: https://www.econbiz.de/10009636759
Persistent link: https://www.econbiz.de/10009636983
Persistent link: https://www.econbiz.de/10010528093