Search Results - subject:"Borrowing constraints"

The effects of households’ and firms’ borrowing constraints on economic growth

Pereira, Maria - In: Portuguese Economic Journal 7 (2008) 1, pp. 1-16

Persistent link: https://www.econbiz.de/10005598128

Borrowing Constraints, Portfolio Choice, and Precautionary Motives: Theoretical Predictions and Empirical Complications

Haliassos, Michael; Hassapis, Christis - Centro Studi di Economia e Finanza (CSEF) - 1998

This paper studies effects of two classes of borrowing constraints, collateral- and income-based, on wealth …

Persistent link: https://www.econbiz.de/10005626721

Consumption Smoothing and Income Redistribution

Bertola, Giuseppe; Koeniger, Winfried - C.E.P.R. Discussion Papers - 2007

We show theoretically that income redistribution benefits borrowing-constrained individuals more than is implied by standard relative-income and uninsurable-risk considerations. Empirically, we find in international opinion-survey data that younger and lower-income individuals express stronger...

Persistent link: https://www.econbiz.de/10005666473

Education and growth with endogenous debt constraints

Croix, David; Michel, Philippe - In: Economic Theory 33 (2007) 3, pp. 509-530

Persistent link: https://www.econbiz.de/10005155327

Why Are Saving Rates of Urban Households in China Rising?

Chamon, Marcos; Prasad, Eswar - Institute for the Study of Labor (IZA) - 2007

From 1995 to 2005, the average urban household saving rate in China rose by 8 percentage points, to about one quarter of disposable income. We use household-level data to explain why households are postponing consumption despite rapid income growth. Tracing cohorts over time indicates a virtual...

Persistent link: https://www.econbiz.de/10005247694

Borrowing Constraints, Parental Altruism and Human Capital Accumulation

Soares, Jorge - Society for Economic Dynamics - SED - 2006

This paper investigates the impact of borrowing constraints on human capital accumulation and welfare. In a standard … higher levels of education therefore increasing the aggregate level of human capital while borrowing constraints raise …, the average level of welfare is higher when children cannot borrow against future income. The imposition of borrowing …

Persistent link: https://www.econbiz.de/10005051235

Precautionary Saving Unfettered

Feigenbaum, James - Society for Computational Economics - SCE - 2006

that borrowing constraints and precautionary saving are complementary, when these two frictions operate simultaneously a …

Persistent link: https://www.econbiz.de/10005342921

Chapter 23 Public Intervention in Post-Secondary Education

Kane, Thomas J. - In: Handbook of the economics of education : volume 2, (pp. 1369-1401). 2006

This chapter provides an overview of the nature of state and federal subsidies to higher education and the empirical evidence on the impacts on students' college enrollment decisions. The discussion includes a brief discussion of the incentives created by federal and state subsidies for...

Persistent link: https://www.econbiz.de/10014023714

Uninsured Idiosyncratic Production Risk With Borrowing Constraints

Covas, Francisco - Society for Computational Economics - SCE - 2005

borrowing constraints and uninsurable idiosyncratic production risk. In particular, it addresses the impact of these frictions …

Persistent link: https://www.econbiz.de/10005706312

U.S. Inequality: Debt Constraints or Incomplete Markets?

Cordoba, Juan Carlos - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005051328