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Manufacturing jobs and inequality : why is the U.S. experience different?

Novta, Natalija; Pugacheva, Evgenia - 2019

We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in …: the high initial manufacturing wage premium and the high level of income inequality. The manufacturing wage premium … declined between the 1980s and the 2000s in the United States, but it does not explain the contemporaneous rise in inequality …

Persistent link: https://www.econbiz.de/10012052312

Financial Development, Financial Openness and Trade Openness: New evidence

Hanh, Pham Thi Hong - 2010

Employing the Pedroni co-integration technique and the GMM estimator, this paper aims at investigating the possible connection between financial development, financial openness and trade openness in twenty-nine Asian developing countries over 1994-2008. Firstly, we find a bidirectional causality...

Persistent link: https://www.econbiz.de/10011345468

Flexible Microcredit: Effects on Loan Repayment and Social Pressure

Czura, Kristina; John, Anett; Spantig, Lisa - 2020

Flexible repayment schedules allow borrowers to invest in profitable yet risky projects, but practitioners fear they erode repayment morale. We study repayment choices in rigid and flexible loan contracts that allow discretion in repayment timing. To separate strategic repayment choices from...

Persistent link: https://www.econbiz.de/10012227662

Can a budget recording tool teach financial skills to youth? Experimental evidence from a financial diaries study

Frisancho Robles, Verónica; Herrera, Alejandro; Prina, … - 2021

We study the impact of a mobile app to record daily financial transactions, coupled with enumerator monitoring visits every two weeks, on youths' investment in financial literacy and financial behavior. The treatment led to a positive and statistically significant effect on financial literacy...

Persistent link: https://www.econbiz.de/10012658406

Income risk, precautionary saving, and loss aversion: An empirical test

Ibanez, Marcela; Schneider, Sebastian O. - 2021

This paper empirically examines the behavioral precautionary saving hypothesis by Koszegi and Rabin (2009) stating that uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider the internal margin, i.e., the strength, of loss...

Persistent link: https://www.econbiz.de/10012659957

Income risk, precautionary saving, and loss aversion: An empirical test

Ibanez, Marcela; Schneider, Sebastian O. - 2023

This paper empirically examines the behavioral precautionary saving hypothesis that uncertainty about future income triggers an increase in saving because of loss aversion. Guided by the theoretical model of Koszegi and Rabin (2009), we first extend their theoretical analysis to also consider...

Persistent link: https://www.econbiz.de/10014327031

Can a Mobile-App-Based Behavioral Intervention Teach Financial Skills to Youth? Experimental Evidence from a Financial Diaries Study

Frisancho, Veronica; Herrera, Alejandro; Prina, Silvia - 2023

We study the impact of a mobile-app-based behavioral intervention on youth's financial literacy and financial behavior. To maximize the chances to reach out-of-school youth, we provided access to a user-friendly budget recording tool coupled with biweekly enumerators' visits and SMSs during a...

Persistent link: https://www.econbiz.de/10014377207

Financial development, financial openness and trade openness : new evidence

Pham, Thi Hong Hanh - 2010

Persistent link: https://www.econbiz.de/10011347747

Comparative Advantage and Uncertainty Bearing

Méra, Xavier - 2014

The law of association as exposed by David Ricardo and generalized by Ludwig von Mises cannot directly grasp what is at stake in exchanges involving specialization in uncertainty bearing. In this article we explain why the entrepreneurial function as conceptualized by Frank Knight and Mises does...

Persistent link: https://www.econbiz.de/10013053552

Corporate Legacy

Schwartz, Andrew A. - 2015

Throughout human history, people have sought to overcome the human condition and achieve the only form of immortality reasonably available to us: a legacy that “lives on” after we are gone. Legacies can be established in countless ways, including art (Leonardo da Vinci), literature (William...

Persistent link: https://www.econbiz.de/10013019063