Search Results - subject:"Borrowing constraints"

Unemployment, borrowing constraints and stabilization policies

Auray, Stéphane; Eyquem, Aurélien - 2017

Persistent link: https://www.econbiz.de/10012199999

Heterogeneity, convergence and imbalances in the euro area

Auray, Stéphane; Eyquem, Aurélien - 2017

Persistent link: https://www.econbiz.de/10012200006

Borrowing constraints, search, and life-cycle inequality

Griffy, Benjamin - 2017 - This Version: Nov. 24th, 2017

This paper quantifies the impact of borrowing constraints on consumption and earnings inequality in a life-cycle model … face borrowing constraints, accumulate human capital endogenously, and search both on and off the job. I use indirect … as slower human capital accumulation when workers face borrowing constraints. A standard deviation decrease in initial …

Persistent link: https://www.econbiz.de/10011963363

Asset prices and wealth inequality in a simple model with idiosyncratic shocks

Salas, Sergio - In: Estudios de economía 44 (2017) 1, pp. 105-119

This paper analytically solves a heterogeneous agent model with idiosyncratic shocks to marginal utility of consumption and explores the effects of the borrowing constraint on the price of the asset, the composition of borrowers and lenders in the credit market, and wealth inequality. Results...

Persistent link: https://www.econbiz.de/10011980140

Optimal Consumption and Investment under Time-Varying Liquidity Constraints

Ahn, Seryoong - 2017

We study the consumption and investment model under time-varying liquidity constraints (TVLC) that are widely used in reality. We first develop a martingale method to analyze the case in which the borrowing limit is specified by the debt-to-income ratio limit and then extend this framework to...

Persistent link: https://www.econbiz.de/10012973620

The intended and unintended consequences of financial-market regulations: A general equilibrium analysis

Buss, Adrian; Dumas, Bernard; Uppal, Raman; Vilkov, Grigory - 2016

premium, and reduces welfare. Regulatory measures, such as constraints on stock positions, borrowing constraints, and the …

Persistent link: https://www.econbiz.de/10011435502

Who Works for Whom? Worker Sorting in a Model of Entrepreneurship with Heterogeneous Labor Markets

Dinlersoz, Emin; Hyatt, Henry R.; Janicki, Hubert P. - 2016

Young and small firms are typically matched with younger and nonemployed individuals, and they provide these workers with lower earnings compared to other firms. To explore the mechanisms behind these facts, a dynamic model of entrepreneurship is introduced, where individuals can choose not to...

Persistent link: https://www.econbiz.de/10011451266

Intergenerational mobility: Measurement and the role of borrowing constraints and inherited tastes

Caballé, Jordi - In: SERIEs - Journal of the Spanish Economic Association 7 (2016) 4, pp. 393-420

In this paper, I present some popular measures of mobility in economic outcomes within a family across generations. I also discuss two of the most important factors preventing intergenerational mobility: existence of financially constrained individuals and transmission of tastes from parents to...

Persistent link: https://www.econbiz.de/10011994628

Borrower heterogeneity within a risky mortgage-lending market

Punzi, Maria Teresa; Rabitsch, Katrin - 2016

We propose a model of a risky mortgage-lending market in which we take explicit account of heterogeneity in household borrowing conditions, by introducing two borrower types: one with a low loan-to-value (LTV) ratio, one with a high LTV ratio, calibrated to U.S. data. We use such framework to...

Persistent link: https://www.econbiz.de/10011562012

Who works for whom? : worker sorting in a model of entrepreneurship with heterogeneous labor markets

Dinlersoz, Emin Murat; Hyatt, Henry R.; Janicki, Hubert P. - 2016

Persistent link: https://www.econbiz.de/10011450865