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We study the effect of endogenous time preference in a simple neo-classical model of growth. The variation of time preference causes the economy to have multiple steady states, some of which are similar to poverty traps. The stability properties of these steady states are analyzed. The results...
Persistent link: https://www.econbiz.de/10010519048
financial aid to low-income households with children. In this study we assess the Family Security Act-a proposal presented by … carried out through a structural microsimulation approach, using a dynamic model of savings, labor supply, household formation …
Persistent link: https://www.econbiz.de/10012656932
We study the effect of endogenous time preference in a simple neo-classical model of growth. The variation of time preference causes the economy to have multiple steady states, some of which are similar to poverty traps. The stability properties of these steady states are analyzed. The results...
Persistent link: https://www.econbiz.de/10014142939
simple model to calculate the household wealth and saving rates necessary for stylized earners to achieve income … retirement. However, there has been little systematic analysis of the retirement saving needs of low-earning households other to … retirement saving and retirement incomes of low-earning households. While these households save little, their retirement incomes …
Persistent link: https://www.econbiz.de/10012847028
Access to commitment savings products is known to increase poor households’ savings. In this paper we analyze the process through which households change their savings behavior, by exploiting a unique dataset released by SafeSave, a Bangladeshi microfinance institution that launched the Long...
Persistent link: https://www.econbiz.de/10014352147
Eligibility and benefits for anti-poverty income transfers in the U.S. are based on both the means and the household … children. In our model workers face uninsurable idiosyncratic risks and make decisions on savings, labor supply, living …
Persistent link: https://www.econbiz.de/10012264849
the Belgian component of the Household Finance and Consumption Survey. We find that the fraction of hand …-to-mouth households in Belgium. We apply the methodology proposed by Kaplan and Violante (2014) and Kaplan, Violante and Weidner (2014) to …-to-mouth households in Belgium is substantial and predominantly consists of wealthy hand-to-mouth households. We also compare the …
Persistent link: https://www.econbiz.de/10013549717
Persistent link: https://www.econbiz.de/10014228027
Poverty is typically measured as insufficient yearly income or consumption. In practice, however, poverty is marked by … targeting transfers to challenging periods can reduce poverty most effectively by compensating for imperfect consumption …
Persistent link: https://www.econbiz.de/10014351157
The present research extends the extant literature by investigating the hypothesis on whether marriage can be a substitute for financial inclusion in energy poverty reduction in Ghana. Pooled data and two stage least squares techniques are used in the estimation process and the validity of the...
Persistent link: https://www.econbiz.de/10015064761