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constant. But in a recession, as people increasingly have difficulty meeting their fixed financial obligations, the benchmark …
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We explore whether a protective role for savings against future financial hardship exists using household level panel data. We jointly model the incidence and extent of financial problems, as well as the likelihood of having secured debt and the amount of monthly secured debt repayments,...
Persistent link: https://www.econbiz.de/10011709645
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This paper studies how having your home damaged or destroyed by a natural disaster impacts on economic and financial outcomes. Our context is Australia, where disasters are frequent. Estimates of regression models with individual, area and time fixed-effects, applied to 10 waves of data...
Persistent link: https://www.econbiz.de/10012270890
This paper considers the association between intra-household resource allocation and couple financial hardships in Australia. It develops and estimates a collective household model of expenditures on individual-specific necessities and hardship reporting where each partner has a distinct utility...
Persistent link: https://www.econbiz.de/10012321838
This paper considers the association between intra-household resource allocation and couple financial hardships in Australia. It develops and estimates a collective household model of expenditures on individual-specific necessities and hardship reporting where each partner has a distinct utility...
Persistent link: https://www.econbiz.de/10012372920
greater control over subordinates, I hypothesize, that explains the income and class of the very rich. I test this idea using … portion of their income. This suggests that among CEOs, both income size and income class relate to hierarchical power. I then … plausible. Using this model, I infer the relation between income size, income class, and hierarchical power among the US public …
Persistent link: https://www.econbiz.de/10011994821
This paper investigates a new approach to understanding personal and functional income distribution. I propose that hierarchical power - the command of subordinates in a hierarchy - is what distinguishes the rich from the poor and capitalists from workers. Specifically, I hypothesize that...
Persistent link: https://www.econbiz.de/10012127049