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We examine the effects of cold weather periods on family budgets and on nutritional outcomes in poor American families … unusually cold weather (a 10 degree F drop below normal). At same time, poor families reduce food expenditures by roughly the … their children outside the South spend and eat less food during cold weather temperature shocks. We surmise that existing …
Persistent link: https://www.econbiz.de/10012469710
Miguel, Satyanath and Sergenti (2004) use rainfall variation as an instrument to show that economic growth is negatively related to civil conflict in sub-Saharan Africa. In the reduced form regression they find that higher rainfall is associated with less conflict. Ciccone (2010) claims that...
Persistent link: https://www.econbiz.de/10012462196
-end products. As predicted by the experience-based learning model, the effects of a given macro shock are stronger for younger than …
Persistent link: https://www.econbiz.de/10012453024
demand shock will have different impacts on various stakeholders of the supply chain. Our contribution to the literature is …
Persistent link: https://www.econbiz.de/10012616614
We propose a new method to test for efficient risk pooling that allows for intertemporal smoothing, non-homothetic consumption, and heterogeneous risk and time preferences. The method is composed of three steps. The first one allows for precautionary savings by the aggregate risk pooling group....
Persistent link: https://www.econbiz.de/10013334347
We define saving regret as the wish in hindsight to have saved more earlier in life. We measured saving regret and possible determinants in a survey of a probability sample of those aged 60-79. We investigate two main causes of saving regret: procrastination along with other psychological...
Persistent link: https://www.econbiz.de/10012480889
are more substantial (and increasing with the horizon of the income shock) and wealth responses are much smaller. We show …
Persistent link: https://www.econbiz.de/10014437025
We test the key implication of the buffer stock model, namely that any revision in permanent income leads to a proportionate revision in target wealth. We use panel data on the amount of wealth held for precautionary purposes available in the 2002-2016 SHIW. Using an instrumental variable...
Persistent link: https://www.econbiz.de/10012481257
(20) percent more than white households when faced with a similarly-sized income shock. Nearly all of this differential …
Persistent link: https://www.econbiz.de/10012481407
We show that a calibrated life-cycle two-earner household model with endogenous labor supply can rationalize the extent of consumption insurance against shocks to male and female wages, as estimated empirically by Blundell, Pistaferri and Saporta-Eksten (2016) in U.S. data. With additively...
Persistent link: https://www.econbiz.de/10012453242