Showing 1 - 10 of 150
implies absence of consumption mobility between any two time periods. This implication requires knowledge of the evolution of … appropriate non-parametric test and find substantial mobility of consumption even controlling for possible preference shifts and …
Persistent link: https://www.econbiz.de/10005124364
This Paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special cases of self-insurance and the complete markets...
Persistent link: https://www.econbiz.de/10005136501
Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX repeated cross-section data on consumption and income to...
Persistent link: https://www.econbiz.de/10005661588
We develop a method that allows one to compute incomplete-market equilibria routinely for Markovian equilibria (when they exist). The main difficulty to be overcome arises from the set of state variables. There are, of course, exogenous state variables driving the economy but, in an incomplete...
Persistent link: https://www.econbiz.de/10005124234
This paper develops an analytical framework to study consumption and labour supply in a rich class of heterogeneous-agent economies with partial insurance. The environment allows for trade in non-contingent and state-contingent bonds, for permanent and transitory idiosyncratic productivity...
Persistent link: https://www.econbiz.de/10005114147
mobility by the two groups of workers sustains the second best optimum. …
Persistent link: https://www.econbiz.de/10005504229
. Our method also allows for interactions between the regional and sectoral mobility of labour. We apply this to the UK … of education and housing tenure on regional and sectoral mobility. …
Persistent link: https://www.econbiz.de/10005504334
, INSEE, and builds a time series on various mobility indices for the first time. Using six mobility concepts, we chart wage … mobility trends for the working population and compare mobility rates in various population subgroups differentiated by gender …, and education. We then compare mobility trends over time for each population subgroup. Next, we relate the extent of …
Persistent link: https://www.econbiz.de/10005497808
Is moving to the countryside a credible commitment device for couples? We investigate whether lowering the arrival rate of potential alternative partners by moving to a less populated area lowers the dissolution risk for a sample of Danish couples. We find that of the couples who married in the...
Persistent link: https://www.econbiz.de/10005497878
local unemployment growth is high---overall, negative home equity is not an important barrier to labor mobility. …
Persistent link: https://www.econbiz.de/10011083450