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Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX repeated cross-section data on consumption and income to...
Persistent link: https://www.econbiz.de/10012733915
We provide a formula for the tax rate at the top of the Laffer curve as a function of three elasticities. Our formula applies to static models and to steady states of dynamic models. One of the elasticities that enters our formula has been estimated in the elasticity of taxable income...
Persistent link: https://www.econbiz.de/10012903838
This paper investigates the association between real estate demand and the volatility of population changes. In a financial liberalized housing market, the housing mortgage loan implies insurance function to homeowners through the default option. Larger expected volatilities in the population...
Persistent link: https://www.econbiz.de/10013108501
Discrimination is a pervasive aspect of modern society and human relations. Statistical discrimination theory suggests …, whereas statistical discrimination theory implies that better predictions can be achieved by using all available information …
Persistent link: https://www.econbiz.de/10014079853
This research examined whether people can accurately predict the risk preferences of others.Three experiments featuring different designs revealed a systematic bias: that participants predicted others to be more risk seeking than themselves in risky choices, regardless of whether the choices...
Persistent link: https://www.econbiz.de/10014026773
forecasting models for savings in Egypt break down after 1991 …
Persistent link: https://www.econbiz.de/10013117173
In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential … present over the future, are highly significant and economically meaningful predictors of retirement savings. These … calculations suggest that eliminating EGB and PB would increase retirement savings by approximately 12 percent …
Persistent link: https://www.econbiz.de/10012911197
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