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Elasticities of demand for consumer credit

Karlan, Dean (contributor); Zinman, Jonathan (contributor) - 2005

The price elasticity of demand for credit has major implications for macroeconomics, finance, and development. We present estimates of this parameter derived from a randomized trial. The experiment was implemented by a consumer microfinance lender in South Africa and identifies demand curves...

Persistent link: https://www.econbiz.de/10003279696

Do borrowing constraints matter? : An analysis of why the permanent income hypothesis does not apply in Japan

Kohara, Miki (contributor); Horioka, Charles (contributor) - 2006

. -- Borrowing constraints ; Liquidity constraints ; Consumption ; Life Cycle/Permanent Income Hypothesis ; Permanent Income …

Persistent link: https://www.econbiz.de/10003339290

The retirement consumption puzzle : evidence from a regression discontinuity approach

Battistin, Erich; Brugiavini, Agar; Rettore, Enrico; … - 2007

Persistent link: https://www.econbiz.de/10003912220

The retirement consumption puzzle: evidence from a regression discontinuity approach

Battistin, Erich; Brugiavini, Agar; Rettore, Enrico; … - In: The American economic review 99 (2009) 5, pp. 2209-2226

Persistent link: https://www.econbiz.de/10003936395

A micro view on home equity withdrawal and its determinants evidence from Dutch households

Ebner, André - 2010

Home equity is the most important part of a household portfolio, but only recently has it become more accessible through innovations in the mortgage market and financial deregulation. This study looks at the factors driving home equity withdrawal on a household level using Dutch survey data and...

Persistent link: https://www.econbiz.de/10003951793

Sustained positive consumption in a model of stochastic growth : the role of risk aversion

Mitra, Tapan; Roy, Santanu - 2010

near zero and discounting is arbitrarily mild, long run capital and consumption may be arbitrarily close to zero with … occurs with high discounting if, and only if, risk aversion diverges to infinity sufficiently fast as consumption goes to … general version of the model, we outline sufficient conditions under which capital and consumption are bounded away from zero …

Persistent link: https://www.econbiz.de/10008649291

Human capital formation, income inequality and growth

Viaene, Jean-Marie; Zilcha, Itzhak - 2001

The paper studies the determinants of income distribution and growth in an overlapping generations economy with heterogenous households. Our framework has the following main features: (1) heterogeneity of consumers with respect to wealth and parental human capital; (2) intergenerational...

Persistent link: https://www.econbiz.de/10011399283

Human capital formation, income inequality and growth

Viaene, Jean-Marie; Zilcha, Itzhak - 2001

The paper studies the determinants of income distribution and growth in an overlapping generations economy withheterogenous households. Our framework has the following main features:heterogeneity of consumers with respect to wealth and parental human capital;intergenerational transfers,...

Persistent link: https://www.econbiz.de/10011318579

Rolling back the public sector : differential effects on employment, investment and growth

Ploeg, Frederick van der - 2003

The macroeconomic effects on growth, investment and private sector employment of different ways of rolling back the welfare state are analysed. Cutting public spending on private goods induces a lower interest rate, a higher wage, a lower capital stock and a fall in employment. Cutting public...

Persistent link: https://www.econbiz.de/10011506465

The job search intensity supply curve : how labor market conditions affect job search effort

Schwartz, Jeremy - 2014

During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open positions (as measured by the Help Wanted OnLine Index) more than tripled. The weak labor market prompted an unprecedented extension in the length of time in which a claimant can...

Persistent link: https://www.econbiz.de/10010403637