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Liquidity constraints versus loss aversion in household consumption : a simple reconciliation
Treeck, Till van - 2010
Verschiedene Abweichungen von der Permanenten Einkommenshypothese mit rationalen Erwartungen sind in der Literatur … Arbeit wird anhand eines einheitlichen Datensatzes für die USA zu privaten Konsumausgaben, Einkommen und Vermögen für den … USA bis zum Ausbruch der Finanzkrise im Jahr 2007 interpretiert werden. …
Persistent link: https://www.econbiz.de/10009306633
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Asymmetric income and wealth effects in a non-linear error correction model of US consumer spending
Treeck, Till van - 2008
Verschiedene Abweichungen von der Permanenten Einkommenshypothese mit rationalen Erwartungen sind in der Literatur … Konsumverhaltens behandelt. In der vorliegenden Arbeit wird anhand eines einheitlichen Datensatzes für die USA zu privaten … Jahrzehnten im Trend fallenden privaten Sparquote in den USA interpretiert werden: Zwar können Vermögensrückgänge kurzfristig …
Persistent link: https://www.econbiz.de/10003744543
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Sequential optimization, front-loaded information, and U.S. consumption
Willman, Alpo - 2007
In an overlapping generations maximization framework with consumers, whose information on uncertain future income realizations is front loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form solution we assume that consumers solve their...
Persistent link: https://www.econbiz.de/10011604811
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Sequential Optimization, Front-Loaded Information, and U.S. Consumption
Willman, Alpo - 2021
In an overlapping generations maximization framework with consumers, whose information on uncertain future income realizations is front-loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form solution we assume that consumers solve their...
Persistent link: https://www.econbiz.de/10013317049
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Confronting the Robinson Crusoe paradigm with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2008
Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives of the poor and the rich are strictly aligned. In empirical analysis a...
Persistent link: https://www.econbiz.de/10010298407
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Self-employment and labor market risks
Audoly, Richard - 2024
I study the labor market risks associated with being self-employed. I document that the self-employed are subject to larger earnings fluctuations than employees and that they frequently transition into unemployment. Given the self-employed are not eligible to unemployment insurance, I analyze...
Persistent link: https://www.econbiz.de/10014581780
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Consumer behavior and payment choice: 2006 conference summary
Carten, Margaret; Littman, Dan; Schuh, Scott; Stavins, … - 2007
This paper summarizes the proceedings of the second Consumer Behavior and Payment Choice conference, held at the Federal Reserve Bank of Boston on July 2527, 2006. These conferences are unique in featuring the collaboration of two groups of payments experts the private-sector payments industry...
Persistent link: https://www.econbiz.de/10010282779
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Consumer behavior and payment choice : 2006 conference summary
Carten, Margaret; Littman, Daniel A.; Schuh, Scott; … - 2007
This paper summarizes the proceedings of the second Consumer Behavior and Payment Choice conference, held at the Federal Reserve Bank of Boston on July 2527, 2006. These conferences are unique in featuring the collaboration of two groups of payments experts the private-sector payments industry...
Persistent link: https://www.econbiz.de/10003713633
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Self-employment and labor market risks
Audoly, Richard - 2024
I study the labor market risks associated with being self-employed. I document that the self-employed are subject to larger earnings fluctuations than employees and that they frequently transition into unemployment. Given the self-employed are not eligible to unemployment insurance, I analyze...
Persistent link: https://www.econbiz.de/10014486975
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Habits and envy : what drives the consumption behavior of U.S. households?
Drechsel-Grau, Moritz; Schmid, Kai D. - 2013
In dieser Analyse schätzen wir den Einfluss von Gewohnheits-(Habits) gegenüber Vergleichsmotiven (Envy) zur Erklärung des Konsumverhaltens US-amerikanischer Haushalte. Wir verwenden Daten der seit August 2013 erhältlichen Konsumerhebungen des Panel Study of Income Dynamics (PSID) für den...
Persistent link: https://www.econbiz.de/10010201638