Showing 1 - 10 of 22,593
This paper studies the transmission of wage shocks into consumption across families that exhibit unobserved preference … heterogeneity. Heterogeneity and preferences over consumption and family labor supply are nonparametric. I show that any moment of … the joint distribution of policy-relevant wage elasticities of consumption and labor supply is identified separately from …
Persistent link: https://www.econbiz.de/10012941065
This paper presents a simple two-country model with mobile capital and immobile labour, in which there are two classes of individuals, the workers and the capital owners. A source-based tax on capital income is used to finance transfers to workers. If the two countries are homogeneous in all...
Persistent link: https://www.econbiz.de/10005669235
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We offer a model for the distribution of consumption over categories of expenditure. We developed this model for …
Persistent link: https://www.econbiz.de/10005357577
For guidance in determining which items should be included in comprehensive NDP and how they should be included, reference is often made to the libearized Hamiltonian from an optimal growth problem. This note shows how the heuristic linearized-Hamiltonian argumentcan be given a rigorous welfare...
Persistent link: https://www.econbiz.de/10005256014
This paper estimates a simple consumption-smoothing model of the French current account, and examines its capacity to …
Persistent link: https://www.econbiz.de/10005458666
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smoking with alcohol consumption separate models are fit for smokers and nonsmokers. These models account for potential … earnings and alcohol consumption. …
Persistent link: https://www.econbiz.de/10005587727