This study analyzes the existence of the added worker effect (AWE) when a male partner suffers a health shock (negative health event), by using the information from the Chilean Social Protection Survey. The health shocks considered in this study are new cases of arthritis, asthma and...

We provide a novel explanation to the longstanding puzzle of the “missing bankruptcy filings.” Even though a household with a negative net worth will receive contemporaneous benefit from bankruptcy, there may be greater insurance value from delaying the filing. Household bankruptcy is thus...

The development of national economies is related to environmental pressures which have negative consequences on the environment. The phase of the life cycle indicates the need to change access to the development of the destination, thus being a useful marketing tool, as well as, an instrument in...

Formal dynamic analyses of household portfolio choice in the literature focus on holdings of equity and a risk-free asset or bonds of different maturities, neglecting the interdependence of the decisions to invest in equity, short-term and longterm bonds made by households. Data from the Survey...

The revolving credit available to consumers changes substantially over the business cycle, life cycle, and for individuals. We show that debt changes at the same time as credit, so credit utilization is remarkably stable. From ages 20-40, for example, credit card limits grow by more than 700...

It has been argued that vocational education facilitates the school-to-work transition but reduces later adaptability to changing environments. Using the recent international data of the Programme for the International Assessment of Adult Competencies (PIAAC), we confirm such a trade-off over...