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Looming Large or Seeming Small? Attitudes Towards Losses in a Representative Sample
Chapman, Jonathan; Snowberg, Erik; Wang, Stephanie; … - National Bureau of Economic Research - 2022
We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population (combined N=3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative-expected-value gambles. This is counter to earlier...
Persistent link: https://www.econbiz.de/10013334460
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The Role of Innovative Development in Unconventional Hydrocarbon Exploitation in the Context of the Shale Gas Revolution in the USA
Grinets, Irina; Kaznacheev, Peter - 2015
Due to the recent drop in oil prices, there is a strong interest in the influence of the shale revolution on the global supply and demand of hydrocarbon fuels. Consequently, the attention of many economists and industry analysts is drawn to the technological, institutional and regulatory aspects...
Persistent link: https://www.econbiz.de/10014138810
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Speculative Growth : Hints from the U.S. Economy
Caballero, Ricardo J.; Farhi, Emmanuel; Hammour, Mohamad L. - 2004
We propose a framework for understanding recurrent historical episodes of vigorous economic expansion accompanied by extreme asset valuations, as exhibited by the U.S. in the 1990s. We interpret this phenomenon as a high-valuation equilibrium with a low effective cost of capital based on...
Persistent link: https://www.econbiz.de/10014100918
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Lessons in Price Stability from the U.S. Real Estate Market Collapse
Boyack, Andrea J. - 2012
The U.S. residential housing market collapse illustrates the consequences of ignoring risk while funding mortgage borrowing. Collateral over-valuation was a foundational piece of the crisis. Over the past few decades, secondary markets, securitization, policy and psychology increased the flow of...
Persistent link: https://www.econbiz.de/10013115763
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Saving Disparity and the U.S. Current Account Deficit
Chamberlain, Thomas E. - 2005
The significant difference in saving rates between the United States (near-zero) and the developing nations (exceeding …, the present model shows that uneven risk in addition effects or promotes excessive saving. A potentially serious … consequence, in our increasingly interactive and integrated world-economy, is the extraordinary net foreign borrowing of saving …
Persistent link: https://www.econbiz.de/10014061617
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Global liquidity glut or global savings glut? : a structural VAR approach
Bracke, Thierry (contributor); Fidora, Michael (contributor) - 2008
Since the late-1990s, the global economy is characterised by historically low risk premia and an unprecedented widening of external imbalances. This paper explores to what extent these two global trends can be understood as a reaction to three structural shocks in different regions of the global...
Persistent link: https://www.econbiz.de/10003782658
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A Theory of Wealth Accumulation Differences Considering Modern Net Savings Gradualism : The Impact of Unresolved Long Run Differences in Wealth Accumulation on the Annualized Net S...
Curtis Jr, James E - 2017
Modern pressures on median income workers to cost minimize and strategically invest, including a low interest-earning bank savings account, suggest the possibility of stagnation in closing the gap of wealth differences among groups. James Curtis Jr annualizes salaries of interns, employees and...
Persistent link: https://www.econbiz.de/10014119883
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Book Review of 'Understanding Saving : Evidence from US and Japan'
Messinis, George - 2009
Fumio Hayashi's book "Understanding Saving: Evidence from US and Japan" is reviewed …
Persistent link: https://www.econbiz.de/10013155661
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Rising inequality and stagnation in the US economy
Cynamon, Barry Z.; Fazzari, Steven M. - In: European journal of economics and economic policies : … 12 (2015) 2, pp. 170-182
Persistent link: https://www.econbiz.de/10011418072
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An analysis of postwar US consumption and saving
Boskin, Michael J.; Lau, Lawrence J.
Persistent link: https://www.econbiz.de/10000749312