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Time-inconsistent bargaining and cross-commitments

Utset, Manuel A. - In: Games 14 (2023) 3, pp. 1-21

an incentive to use cross-commitment devices to reduce the likelihood of spillover welfare losses. The paper also shows … that cross commitment devices that target immediate payoffs dominate cross-commitments that target delayed payoffs. Finally …

Persistent link: https://www.econbiz.de/10014422534

Temptation and retirement accounts : a story of time inconsistency and bounded rationality

Salaghe, Florina; Papadovasilaki, Dimitra; Guerrero, … - In: Athens journal of business & economics : AJBE 6 (2020) 3, pp. 173-198

Persistent link: https://www.econbiz.de/10012233338

External habits formation and the environment

Safi, Fatma - In: Naše gospodarstvo : NG 67 (2021) 1, pp. 1-12

Persistent link: https://www.econbiz.de/10012584381

Household portfolios and financial preparedness for retirement

Crawford, Rowena; O'Dea, Cormac - In: Quantitative economics : QE ; journal of the … 11 (2020) 2, pp. 637-670

Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount factors for households and compare these estimates of their...

Persistent link: https://www.econbiz.de/10012213993

On the welfare cost of consumption fluctuations in the presence of memorable goods

Hai, Rong; Krueger, Dirk; Postlewaite, Andrew - In: Quantitative economics : QE ; journal of the … 11 (2020) 4, pp. 1177-1214

We propose a new category of consumption goods, memorable goods, that generate a utility flow even after physical consumption. Empirically, memorable goods expenditures exhibit frequent zero monthly purchases and lumpy expenditure spikes. Memorable goods expenditures are 20% the size of...

Persistent link: https://www.econbiz.de/10012316338

Household's demand for food commodities in Pakistan: issues and empirical evidence

Akram, Naeem - In: Estudios de economía 47 (2020) 1, pp. 127-145

The household's demand analysis is very crucial in the sense that undernourishment negatively affects productivity. Food demand is crucial to gauge the household's ability or willingness to purchase/consume different food commodities. The study attempts to analyze the household's food demand in...

Persistent link: https://www.econbiz.de/10012269295

Peer effects and debt accumulation : evidence from lottery winnings

Gulbrandsen, Magnus A. H. - 2021

I estimate the effect of lottery winnings on peers' debt accumulation using administrative data from Norway. I identify neighbors of lottery winners, and estimate an average debt response of 2.1 percent of the lottery prize among households that live up to ten houses from the winner. Analyzing...

Persistent link: https://www.econbiz.de/10012664727

The determinants of savings rates in OECD countries : the role of private pensions

Gebeşoğlu, Pınar Fulya; Ertuğrul, Hasan Murat; … - In: Central Bank review / Central Bank of the Republic of Turkey 23 (2023) 1, pp. 1-7

The design of pension schemes is crucial in determining savings behavior. The impact of pension schemes on saving rates across countries remains to be an intriguing empirical question considering the complicated nature of the relationship between saving patterns and pension wealth. This paper...

Persistent link: https://www.econbiz.de/10014281529

Time-consistent implementation in macroeconomic games

Barthélémy, Jean; Mengus, Eric - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 3, pp. 1151-1184

The commitment ability of governments is neither infinite nor zero but intermediate. In this paper, we determine the … commitment ability that a government needs to implement a unique equilibrium outcome and rule out self-fulfilling expectations … level of commitment ability. We finally derive implications for models of bailouts and capital taxation. …

Persistent link: https://www.econbiz.de/10014635394

Chasing informality : evidence from increasing enforcement in large firms in Peru

Bosch, Mariano; González, Stephanie; Silva- Porto, … - 2021

Evasion of labor market regulations in middle income countries is systemic. This is generally known as informality. In Latin America, where less than 50% of workers are registered with social security, this is a permanent phenomenon and encompasses a variety of economic realities ranging from...

Persistent link: https://www.econbiz.de/10012586505