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The intertemporal marginal propensity to consume out of future persistent cash-flows : evidence from transaction data
Druedahl, Jeppe; Jensen, Emil Bjerre; Leth-Petersen, Søren - 2022
To analyze the effectiveness of stabilization policies which includes effects on households future income it is central to account for anticipation effects on consumption. We investigate this using high-frequency spending and balance sheet data from a major Danish bank. We examine the behavior...
Persistent link: https://www.econbiz.de/10013361501
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Economic governance of MFIs : inside the black box
Arun, Thankom; Annim, Samuel Kobina - 2010
This paper investigates a relationship between economic governance and the dual objectives of Microfinance Institutions … atmosphere that will enhance the achievement of microfinance social objectives. -- microfinance ; dual objectives ; economic …
Persistent link: https://www.econbiz.de/10009007018
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Does microfinance program innovation reduce income inequality? : cross-country and panel data analysis
Miled, Kamel Bel Hadj; Younsi, Moheddine; Landolsi, Monia - In: Journal of innovation and entrepreneurship : JIE 11 (2022), pp. 1-15
This paper uses cross-country and panel data set to test the significance of microfinance on income inequality … microfinance in reducing inequality at the macro level. Moreover, our results suggest that microfinance loans can lead to improve … recommendations to policymakers, as they could generate suitable strategies to consider microfinance institutions as a more popular …
Persistent link: https://www.econbiz.de/10012803816
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Finance - growth nexus and banking efficiency : The impact of microfinance institutions
Abrar, Afsheen; Hasan, Iftekhar; Kabir, Rezaul - 2021
This paper investigates the relative importance of microfinance institutions (MFIs) at both the macro (financial …
Persistent link: https://www.econbiz.de/10013324502
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Subjective well-being and public policy
Odermatt, Reto; Stutzer, Alois - 2017
Measures of subjective well-being have gained substantial attention in economics as quantitative approximations of individual welfare. They allow researchers to study relevant determinants of welfare on an individual as well as on a societal level. These determinants might not to be easily...
Persistent link: https://www.econbiz.de/10011743539
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The Effect of Bank Shocks on Firm-Level and Aggregate Investment
Amador, João - 2016
We show that credit supply shocks have a strong impact on firm-level as well as aggregate investment by applying the methodology developed by Amiti and Weinstein (2013) to a rich dataset of matched bank-firm loans in the Portuguese economy for the period 2005 to 2013. We argue that their...
Persistent link: https://www.econbiz.de/10012987210
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The Effect of Bank Shocks on Firm-Level and Aggregate Investment
Amador, João - 2016
We show that credit supply shocks have a strong impact on firm-level as well as aggregate investment by applying the methodology developed by Amiti and Weinstein (2013) to a rich dataset of matched bank-firm loans in the Portuguese economy for the period 2005 to 2013. We argue that their...
Persistent link: https://www.econbiz.de/10012988608
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Wages and the Demand for Health - A Life Cycle Analysis
Dustmann, Christian; Windmeijer, Frank - 2000
This paper presents a life cycle model for the demand for health, and derives empirical specifications that distinguish between permanent and transitory wage responses. Using panel data, we estimate dynamic health and health input demand equations. We find evidence of negative transitory wage...
Persistent link: https://www.econbiz.de/10010262380
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Demographic Change and the Labour Share of Income
Schmidt, Torsten; Vosen, Simeon - 2010
Despite similar levels of per capita income, education, and technology the development of labour shares in OECD countries has displayed different patterns since 1960. The paper examines the role of demography in this regard. Employing an overlapping generations model we first examine the...
Persistent link: https://www.econbiz.de/10010269987
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Vulnerability in a Stochastic Dynamic Model
Elbers, Chris; Gunning, Jan Willem - 2003
Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...
Persistent link: https://www.econbiz.de/10010325021