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We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies that cover 104 countries during different time periods. The estimates vary substantially from country to country, even after controlling for 30 aspects of study design. Our...
Persistent link: https://www.econbiz.de/10009786885
We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies that cover 104 countries during different time periods. The estimates vary substantially from country to country, even after controlling for 30 aspects of study design. Our...
Persistent link: https://www.econbiz.de/10013076254
We propose a novel way to measure the rule of law intensity of exports at the goods level based on nearly 100 million disaggregated bilateral trade flows around the globe. We categorise goods into three groups: fragmented, primary and other. The theoretical literature on holdup problems...
Persistent link: https://www.econbiz.de/10011516584
This paper models the effect of a HIV/AIDS epidemic on saving behavior and studies the welfare effects of testing for HIV. The model specifies a utility function that includes both regular consumption, and medical expenditures. Medical expenditures generate more utility if individuals are HIV...
Persistent link: https://www.econbiz.de/10014224367
When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
Persistent link: https://www.econbiz.de/10014023471
capital accumulation in which mankind has solved its economic problem and enjoys a lifestyle predominantly framed by leisure …
Persistent link: https://www.econbiz.de/10014464162
Persistent link: https://www.econbiz.de/10011297114
Persistent link: https://www.econbiz.de/10010470987
the framework of ‘the new quantitative trade model.' We complement theory with a simple two-stage estimating procedure …
Persistent link: https://www.econbiz.de/10012669805
over the last thirty years. Adjusting for changing demographics, we find that leisure time across countries has converged … over this period. Specifically, leisure time has declined five to eight hours in countries with high leisure levels thirty … years ago and has increased around one hour in the other countries. For men the reduction in leisure was driven by an …
Persistent link: https://www.econbiz.de/10014215642