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In this paper, we incorporate a price search decision into a life cycle model and differentiate consumption from expenditure. Consumers with low wealth and bad income shocks search more for cheaper prices and pay less, which makes their consumption higher than in a model without search option. A...
Persistent link: https://www.econbiz.de/10015229434
In this paper, we incorporate a price search decision into a life cycle model and differentiate consumption from expenditure. Consumers with low wealth and bad income shocks search more for cheaper prices and pay less, which makes their consumption higher than in a model without search option. A...
Persistent link: https://www.econbiz.de/10011133675
The extent of interaction between international capital flows and macro-financial stability is an important and unsettled topic of debate. We contribute to this discussion by providing empirical evidence on the relationship between capital flows and domestic credit growth using a large...
Persistent link: https://www.econbiz.de/10010941526
In this paper, we incorporate a price search decision into an incomplete markets model and differentiate consumption from expenditure. In our model, consumers are allowed to allocate part of their time on searching for low prices which leads to an endogenous price dispersion. A plausibly...
Persistent link: https://www.econbiz.de/10010941532
In this paper, we incorporate a price search decision into a life cycle model and differentiate consumption from expenditure. Consumers with low wealth and bad income shocks search more for cheaper prices and pay less, which makes their consumption higher than in a model without search option. A...
Persistent link: https://www.econbiz.de/10009372501
There is substantial heterogeneity in the gender gaps in unemployment across OECD countries. We incorporate labor market conditions, moral hazard and home production into a quantitative model of unemployment. The model can explain most of the gender gaps in unemployment across the OECD...
Persistent link: https://www.econbiz.de/10009372549
In this paper we introduce price search decision to a life cycle model, and differentiate consumption from expenditure. The consumers with low wealth and bad income shocks search more and pay less which makes their consumption higher than a model without search option. A plausibly calibrated...
Persistent link: https://www.econbiz.de/10013156310
In this paper, we differentiate consumption from expenditure by incorporating price search decision into an otherwise standard life-cycle model. In our model, households can pay lower prices for the same consumption good if they allocate more time for price search. We first analytically show...
Persistent link: https://www.econbiz.de/10012853341
Persistent link: https://www.econbiz.de/10012385259
Persistent link: https://www.econbiz.de/10009405644