household consumed permanently at the poverty line. The results indicate that vulnerability is very sensitive to the time … to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the …

tourism in Nepal. Empirical evidence from a household survey and four village case studies reveals a decline of bonding social …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry … the covariance of income and loan repayments may explain higher household borrowings than in the case without default … that in a situation in which a household without default option would neither borrow nor save, the existence of a default …

We analyse how money as a store of value affects the decisions of a representative household under diversifiable and …. Assuming exponential utility allows us to derive an explicit relationship between optimal money holdings, the household …'s desire to tilt, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the …

household member is at risk of losing his/her job, the partner is 30% more likely to enter the labour market (extensive margin …-studied phenomenon. However, people might already adjust their labour supply when their partner is at risk of losing his/her job. Using …, while the high-educated wait for this risk to materialise. …