Search Results - subject:"Liquidity constraints"

Zur Begrenzung der Staatsverschuldung nach Art. 115 GG und zur Aufgabe des Stabilitäts- und Wachstumsgesetzes : Gutachten

2008 - Stand: März 2008

Persistent link: https://www.econbiz.de/10013444622

The Welfare Effects of Liquidity Constraints

Jappelli, Tullio; Pagano, Marco - 2008

We analyze the welfare implications of liquidity constraints for households in an overlapping generations model with … growth. In a closed economy with exogenous technical progress, liquidity constraints reduce welfare if the economy is …

Persistent link: https://www.econbiz.de/10014206580

Overtime work, dual job holding, and taxation

Frederiksen, Anders; Krogh Graversen, Ebbe; Smith, Nina - In: Work, earnings and other aspects of the employment relation, (pp. 25-55). 2008

Labor supply data seldom include detailed information on hours and wages in secondary job or overtime work. Based on survey information on hours and wages in overtime work and second job which is merged to administrative register information on income taxes and deductions we estimate a...

Persistent link: https://www.econbiz.de/10015383840

Liquidity constraints and cycles

ROCHON, Céline - Center for Operations Research and Econometrics (CORE), … - 1998

neighborhood of the golden rule steady state are studied, to include liquidity constraints. We observe, in an example, the …

Persistent link: https://www.econbiz.de/10005043600

Dynamic Equilibrium with Liquidity Constraints

Detemple, Jérôme B.; Serrat, Angel - Centre Interuniversitaire de Recherche en Analyse des … - 1998

literature on portfolio constraints, our liquidity constraints arise naturally whenever agents may default and have a finite … general assumptions on preferences and endowment processes. In the presence of liquidity constraints, the cumulative interest … relative risk aversion market incompleteness reinforces the effect of liquidity constraints and further reduces the riskless …

Persistent link: https://www.econbiz.de/10005100526

The Welfare Effects of Liquidity Constraints

Jappelli, Tullio; Pagano, Marco - Centro Studi di Economia e Finanza (CSEF) - 1998

Persistent link: https://www.econbiz.de/10005750347

Does Cash Flow cause Investment and R and D: An Exploration Using Panel Data for French, Japanese, and United States Scientific Firms

Hall, Bronwyn; Mairesse, Jacques - Department of Economics, Oxford University - 1998

The role of financial institutions and corporate governance in the conduct and performance of industrial firms, especially in the area of technological innovation and international competition has been hotly debated in the recent past. The results presented here are a contribution to the...

Persistent link: https://www.econbiz.de/10010605248

Intergenerational Mobility, Siblings' Inequality and Borrowing Constraints

Gaviria Uribe, Alejandro - 1998

This paper uncovers differences in social mobility between rich and poor families. The paper shows, in particular, that borrowing constraints retard social mobility among the poor by preventing poor parents from investing optimally in the their children's human capital. This evidence contradicts...

Persistent link: https://www.econbiz.de/10014221955

Junior Can't Borrow : A New Perspective on the Equity Premium Puzzle

Constantinidies, George M. - 1998

Ongoing questions on the historical mean and standard deviation of the return on equities and bonds and on the equilibrium demand for these securities are addressed in the context of a stationary, overlapping-generations economy in which consumers are subject to a borrowing constraint. The key...

Persistent link: https://www.econbiz.de/10012472194

Education and Borrowing Constraints : Tests vs. Prices

Fernandez, Raquel - 1998

This paper examines the properties of exams and markets as alternative allocation devices under borrowing constraints. Exams dominate markets in terms of matching efficiency. Whether aggregate consumption is greater under exams than under markets depends on the power of the exam technology; for...

Persistent link: https://www.econbiz.de/10012472222