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Standard transaction cost arguments can only partially explain why the share of cash transactions is still high in many countries. This paper shows that consumers’ desire to monitor liquidity is one of the reasons. Consumers make use of a distinctive feature of cash – a glance into one’s...
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This paper empirically investigates the relevance of liquidity constraints and excess sensitivity in intertemporal household consumption. Using a pseudo panel that has been constructed on rich German consumption survey data, we estimate the consumption responses to permanent and transitory...
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The positive association between moderate alcohol consumption and wages is well documented in the economic literature …-specific drinking behavior and wages. In our analysis, we disentangle the general wage effect of drinking into diverse effects for … different types of drinkers. Mincerian estimates reveal significant and positive relationships between wine drinkers and wages …
Persistent link: https://www.econbiz.de/10011631967
The positive association between moderate alcohol consumption and wages is well documented in the economic literature …-specific drinking behavior and wages. In our analysis, we disentangle the general wage effect of drinking into diverse effects for … different types of drinkers. Mincerian estimates reveal significant and positive relationships between wine drinkers and wages …
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