Similar Search Results

Gourinchas, Pierre-Olivier; Parker, Jonathan A - C.E.P.R. Discussion Papers - 2000

This paper employs cohort technique and Consumer Expenditure Survey data to construct average age-profiles of consumption and income over the working lives of typical households across different education and occupation groups. Using these profiles, we estimate a structural model of optimal...

Persistent link: https://www.econbiz.de/10005504201

Wage risk and employment risk over the life cycle

Low, Hamish; Meghir, Costas; Pistaferri, Luigi - Institute for Fiscal Studies (IFS) - 2006

unemployment insurance which provides (partial) insurance against employment risk and no insurance against persistent shocks. …

Persistent link: https://www.econbiz.de/10005547890

Climate Change and Extreme Events: An Assessment of Economic Implications

Roson, Roberto; Calzadilla, Alvaro; Pauli, Francesco - Fondazione ENI Enrico Mattei (FEEM) - 2006

We use a general equilibrium model of the world economy, and a regional economic growth model, to assess the economic implications of vulnerability from extreme meteorological events, induced by the climate change. In particular, we first consider the impact of climate change on ENSO and NAO...

Persistent link: https://www.econbiz.de/10005423248

Health insurance and consumption: Evidence from China’s New Cooperative Medical Scheme

Bai, Chong-En; Wu, Binzhen - In: Journal of Comparative Economics 42 (2014) 2, pp. 450-469

We exploit a quasi-natural experiment arising from the introduction of a health insurance program in rural China to … examine how the insurance coverage affects household consumption. Results show that, on average, the health insurance coverage … increases nonmedical-related consumption by more than 5%. This insurance effect is observed even in households with no out …

Persistent link: https://www.econbiz.de/10010778532

Reform of the mortgage interest tax relief system, policy uncertainty and precautionary savings in the Netherlands

Mastrogiacomo, Mauro - de Nederlandsche Bank - 2013

We examined the mortgage interest tax relief (MIR) system in the Netherlands and reforms to this system, based on answers to direct questions in survey data for the period 2010-2012. As well as tracking individuals over time and at strategic moments in the process of the policy reform, this...

Persistent link: https://www.econbiz.de/10010660763

Precautionary wealth and income uncertainty: a household-level analysis

Mishra, Ashok K.; Uematsu, Hiroki; Powell, Rebekah R. - In: Journal of Applied Economics XV (2012) November, pp. 353-369

This study investigates the presence of precautionary savings among self-employed farm households using an instrumental variable approach on farm-level data. Results indicate that precautionary saving is a powerful determinant of wealth accumulation among U.S. farm households. Precautionary...

Persistent link: https://www.econbiz.de/10010616590

Precautionary Savings of Agents with Heterogeneous Risk Aversion

Limosani, Michele; Millemaci, Emanuele - Economics and Econometrics Research Institute (EERI) - 2012

This paper focuses on the estimation of the importance of the precautionary motive in the wealth accumulation decision. We use a micro dataset containing information on wealth, a subjective measure of income uncertainty and subjective indicators of risk aversion. The latter makes us possible to...

Persistent link: https://www.econbiz.de/10010626160

Comparative risk aversion: A formal approach with applications to saving behavior

Bommier, Antoine; Chassagnon, Arnold; Le Grand, François - In: Journal of Economic Theory 147 (2012) 4, pp. 1614-1641

We consider a formal approach to comparative risk aversion and apply it to intertemporal choice models. This allows us to ask whether standard classes of utility functions, such as those inspired by Kihlstrom and Mirman (1974) [16], Selden (1978) [27], Epstein and Zin (1989) [10] and Quiggin...

Persistent link: https://www.econbiz.de/10010576553

Optimal Taxation with Current and Future Cohorts

Fehr, Hans; Kindermann, Fabian - CESifo - 2012

This note demonstrates that optimal tax calculations in overlapping generations models should not be based exclusively on long-run welfare changes. As the latter represent a mix of efficiency and intergenerational redistribution effects, they typically favor policies which redistribute towards...

Persistent link: https://www.econbiz.de/10010586072

Comparative Risk Aversion: A Formal Approach with Applications to Saving Behaviors

Le Grand, François; Chassagnon, Arnold; Bommier, Antoine - Université Paris-Dauphine (Paris IX) - 2012

We consider a formal approach to comparative risk aversion and apply it to intertemporal choice models. This makes it possible to investigate whether standard classes of utility functions, such as those inspired from Kihlstrom and Mirman (1974), Selden (1978), Epstein and Zin (1989) or Quiggin...

Persistent link: https://www.econbiz.de/10010707569