Similar Search Results

Forward Looking Behavior And Empirical Household Consumption Function

Jang, Insong - University of Bonn, Germany - 2001

Modern consumer theories are built upon the premise of the forward looking behavior of households. While most of the empirical studies at micro level are based on Euler equation, there have been few to estimate the household consumption function and test the implication of forward looking...

Persistent link: https://www.econbiz.de/10004968448

A note about credit rationing on research and development

Fiaschi, Alessandro - Volkswirtschaftliche Fakultät, … - 2008

This note develops an overlapping generations model with credit rationing on research and development, in which both are determined simultaneously and endogenously. The model provides a useful tool to examine different policies that may help alleviate the negative effect of �financial...

Persistent link: https://www.econbiz.de/10005789230

Trade, Envy and Growth: International Status Seeking in a Two-Country World

Valente, Simone - Volkswirtschaftliche Fakultät, … - 2006

This paper analyzes international status seeking in a two-country model of endogenous growth: utility of agents in developing countries is affected by consumption gaps with the average consumer in advanced economies. By distorting terms of trade, status seeking: (i) may compensate for structural...

Persistent link: https://www.econbiz.de/10005789348

The Long-run Effects of Household Liquidity Constraints and Taxation on Fertility, Education, Saving and Growth

Papagni, Erasmo - Volkswirtschaftliche Fakultät, … - 2008

This paper investigates economic growth under liquidity constraints by taking into account the choices of fertility, human capital and saving. In a model of four overlapping generations, parents are altruistic towards their offspring and finance their education investment. The government...

Persistent link: https://www.econbiz.de/10005789532

Spreading Academic Pay over Nine or Twelve Months: Economists Are Supposed to Know Better, but Do They Act Better?

Claar, Victor V; Diestl, Christine M; Poll, Ross D - Volkswirtschaftliche Fakultät, … - 2009

Our paper empirically considers two general hypotheses related to the literature of behavioral economics. First, we test the null hypothesis that individuals behave, on average, in a manner more consistent with the rational expectations hypothesis than with the idea of self-control in the face...

Persistent link: https://www.econbiz.de/10005790312

Changes in Consumption Behaviour: Italy in the Early 1990s

Grant, Charles; Miniaci, Raffaele; Weber, Guglielmo - C.E.P.R. Discussion Papers - 1998

-cycle model of consumption in which there is a permanent and unexpected shock to lifetime income induced by the pension and other …

Persistent link: https://www.econbiz.de/10005791410

Health Care Quality and Economic Inequality

Jappelli, Tullio; Pistaferri, Luigi; Weber, Guglielmo - C.E.P.R. Discussion Papers - 2004

We argue that health care quality has an important impact on economic inequality and on saving behaviour. We exploit district-wide variability in health care quality provided by the Italian universal public health system to identify the effect of quality on income inequality, health inequality...

Persistent link: https://www.econbiz.de/10005791670

Anticipated and Unanticipated Wage Changes, Wage Risk, and Intertemporal Labour Supply

Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2002

We address the question of how labour supply responds to anticipated wage growth, unanticipated wage growth, and wage risk. We use the 1989-93 panel section of the Bank of Italy SHIW, which collects individual-based quantitative expectation of future wage growth. The use of subjective...

Persistent link: https://www.econbiz.de/10005791984

Risk Return and Portfolio Allocation under Alternative Pension Systems with Imperfect Financial Markets

Cerny, Ales; Miles, David K - C.E.P.R. Discussion Papers - 2001

This Paper uses stochastic simulations on calibrated models to assess the steady state impact of different pension … different types of pension system and where there are imperfections in financial markets (eg transaction costs or adverse … return and income risks and also upon the actuarial fairness of annuity contracts. We focus on the case of Japan where ageing …

Persistent link: https://www.econbiz.de/10005792047

Female Empowerment: Impact of a Commitment Savings Product in the Philippines

Ashraf, Nava; Karlan, Dean S.; Yin, Wesley - C.E.P.R. Discussion Papers - 2007

Female 'empowerment' has increasingly become a policy goal, both as an end to itself and as a means to achieving other development goals. Microfinance in particular has often been argued, but not without controversy, to be a tool for empowering women. Here, using a randomized controlled trial,...

Persistent link: https://www.econbiz.de/10005792103