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Migration and Informal Insurance
Meghir, Costas - 2019
Do new migration opportunities for rural households change the nature and extent of informal risk sharing? We experimentally document that randomly offering poor rural households subsidies to migrate leads to a 40% improvement in risk sharing in their villages. We explain this finding using a...
Persistent link: https://www.econbiz.de/10012866354
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Migration and Informal Insurance
Meghir, Costas - 2019
Do new migration opportunities for rural households change the nature and extent of informal risk sharing? We experimentally document that randomly offering poor rural households subsidies to migrate leads to a 40% improvement in risk sharing in their villages. We explain this finding using a...
Persistent link: https://www.econbiz.de/10012866724
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Saving Rates and Poverty : The Role of Conspicuous Consumption and Human Capital
Moav, Omer - 2010
Poor families around the world spend a large fraction of their income consuming goods that do not appear to alleviate poverty, while saving at low rates. We suggest that individuals care about economic status and hence we interpret this behavior as conspicuous consumption that is intended to...
Persistent link: https://www.econbiz.de/10013135041
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Conspicuous Consumption, Human Capital, and Poverty
Moav, Omer; Neeman, Zvika - 2009
Poor families around the world spend a large fraction of their income on consumption of goods that appear to be useless in alleviating poverty, while saving at very low rates and neglecting investment in health and education. Such consumption patterns seem to be related to the persistence of...
Persistent link: https://www.econbiz.de/10014217706
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Unemployment and portfolio choice: Does persistence matter?
Kuzin, Vladimir N.; Bremus, Franziska M. - 2010
We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...
Persistent link: https://www.econbiz.de/10010291783
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Comparative Risk Aversion: A Formal Approach with Applications to Saving Behaviors
Bommier, Antoine; Chassagnon, Arnold; Le Grand, François - 2010
We consider a formal approach to comparative risk aversion and applies it to intertemporal choice models. This allows us to ask whether standard classes of utility functions, such as those inspired by Kihlstrom and Mirman [15], Selden [26], Epstein and Zin [9] and Quiggin [24] are well-ordered...
Persistent link: https://www.econbiz.de/10011753198
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Unemployment and portfolio choice: Does persistence matter?
Bremus, Franziska M.; Kuzin, Vladimir - 2011
Households can rely on private savings or on public unemployment insurance to hedge against the risk of becoming …-term unemployment and find that, in case of short-term unemployment, unemployment insurance offsets the negative impact of unemployment …
Persistent link: https://www.econbiz.de/10010286436
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Precautionary savings of asgents with heterogeneous risk aversion
Limosani, Michele; Millemaci, Emanuele - 2012
This paper focuses on the estimation of the importance of the precautionary motive in the wealth accumulation decision. We use a micro dataset containing information on wealth, a subjective measure of income uncertainty and subjective indicators of risk aversion. The latter makes us possible to...
Persistent link: https://www.econbiz.de/10011526855
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Comparative risk aversion : a formal approach with applications to saving behaviors
Bommier, Antoine; Chassagnon, Arnold; Le Grand, François - 2010
We consider a formal approach to comparative risk aversion and applies it to intertemporal choice models. This allows us to ask whether standard classes of utility functions, such as those inspired by Kihlstrom and Mirman [15], Selden [26], Epstein and Zin [9] and Quiggin [24] are well-ordered...
Persistent link: https://www.econbiz.de/10008748230
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Partial insurance and investments in children
Carneiro, Pedro; Ginja, Rita - 2015
partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …
Persistent link: https://www.econbiz.de/10010510508