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Consider a marriage market with continuous-time two-sided search and transferable utility in which the match payoff depends on age. This paper characterizes a set of payoff functions consistent with two salient marriage age patterns: (1) assortative matching by age, and (2) \differential age...
Persistent link: https://www.econbiz.de/10008909170
One side-effect of the Global Financial Crisis of 2008-09 was the resurgence of a debate over exchange rates. The conventional wisdom dictates that real-exchange rate adjustments are needed in order to bring about changes in trade balances across countries. However, the literature on the effect...
Persistent link: https://www.econbiz.de/10011394908
Consider a marriage market with continuous-time two-sided search and transferable utility in which the match payoff depends on age. This paper characterizes a set of payoff functions consistent with two salient marriage age patterns: (1) assortative matching by age, and (2) \differential age...
Persistent link: https://www.econbiz.de/10010284072
Incentivized experiments are commonly used to estimate marginal rate of intertemporal substitution (MRS) in the lab and in the field, and to make inferences about subject’s time preference. This paper considers the implications of an integrated model of behavior in which individuals are...
Persistent link: https://www.econbiz.de/10010242873
Incentivized experiments are commonly used to estimate marginal rates of intertemporal substitution (MRS) in the lab and in the field in order to make inferences about individual time preferences. This paper considers an integrated model of behavior in which individuals are subject to financial...
Persistent link: https://www.econbiz.de/10013055596
The goal of many experiments is to inform the choice between different policies. However, standard experimental designs are geared toward point estimation and hypothesis testing. We consider the problem of treatment assignment in an experiment with several non-overlapping waves, where the goal...
Persistent link: https://www.econbiz.de/10012050770
In the presence of imperfect information and uncertainty, altruistic parents might use intergenerational transfers strategically to elicit effort from their children. As a result, gift and bequests are less reactive to the income realizations of the children than the standard altruistic model of...
Persistent link: https://www.econbiz.de/10010524223
Persistent link: https://www.econbiz.de/10002891955
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