We develop an analytical framework using the household utility maximization approach to model stability conditions to avoid household debt overhang. Our theoretical framework suggests that household debt stability is a function of five factors, namely the rate of interest, period of lending,...

The complex implications of demographic advancements have been intensely studied for decades, while analysis of the specific consequences of demographic ageing are a more recent matter. The serious consequences identified have started to worry decision makers worldwide, who have acknowledged...

We study the role and structure of commodity taxes when consumption and labor supplies are determined through a bargaining procedure between spouses, and where an optimal income tax is also available. We focus on the question whether there should be differences in tax treatment between "female"...

In Italy, young adults tend to postpone their transition to adulthood and live with their parents until very late compared with other countries. A dynamic discrete choice model is proposed in which agents choose residential arrangements, together with labor supply and marital status, conditional...

Many countries impose job search requirements on unemployment benefit recipients. Existing studies have evaluated only incremental changes to requirements. Australian reforms in 1995 saw groups of welfare recipients newly subjected to job search requirements, allowing us to produce the first...

Many countries impose job search requirements on unemployment benefit recipients. Existing studies have evaluated only incremental changes to requirements. Australian reforms in 1995 saw groups of welfare recipients newly subjected to job search requirements, allowing us to produce the first...

We investigate the impact of a large scale debt waiver program for small agricultural borrowers in India on the short term and long term consumption levels of the beneficiaries. We obtain consumption data from three national level surveys conducted before and after the waiver by a federal...

I examine the effect of house price declines on voter participation using a novel person-level panel dataset. Contrary to what the “angry voter hypothesis” predicts, I find that a ten percent decline in local house prices decreases the participation rate of the average mortgaged homeowner by...

In this paper, I adopt a dynamic structural approach to study the design of consumption and personal income taxes and their interactions. I develop a life-cycle model of household consumption, saving and employment choices with multiple non-durable goods - necessities and luxuries - and...

This paper studies the design of couples' income taxation. Consumption and labor supply decisions within the couple are made by maximizing a weighted sum of the spouses' utilities; bargaining weights are given but specific to each couple. The information structure and labor supply decisions...