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Bold, Tessa; Dercon, Stefan - C.E.P.R. Discussion Papers - 2014

to exist. It also predicts where formal insurance is likely to flourish: insurance groups that hold savings become more … Ethiopian funeral insurance groups and their members to motivate and test our model. Those which hold savings and collect …

Persistent link: https://www.econbiz.de/10011096095

Continued Existence of Cows Disproves Central Tenets of Capitalism?

Anagol, Santosh; Etang, Alvin; Karlan, Dean S. - C.E.P.R. Discussion Papers - 2013

We examine the returns from owning cows and buffaloes in rural India. We estimate that when valuing labor at market wages, households earn large, negative average returns from holding cows and buffaloes, at negative 64% and negative 39% respectively. This puzzle is mostly explained if we value...

Persistent link: https://www.econbiz.de/10011083843

The Role of Rents to Human Capital in Economic Development

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

In an overlapping generations model, rents to human capital play a key role in increasing savings. In the absence of … because it allows inframarginal workers to earn rents on their human capital, which then increase savings. Public education is …

Persistent link: https://www.econbiz.de/10005662008

Unemployment and Consumption: Are Job Losses Less Painful near the Mediterranean?

Bentolila, Samuel; Ichino, Andrea - C.E.P.R. Discussion Papers - 2000

In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel data on households in five countries: Spain and Italy (the South), and Germany, Britain, and the US (the North). Our empirical results indicate that an increase in the duration...

Persistent link: https://www.econbiz.de/10005791504

Getting to the Top of Mind: How Reminders Increase Saving

Karlan, Dean S.; McConnell, Margaret; Mullainathan, Sendhil - C.E.P.R. Discussion Papers - 2010

expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …

Persistent link: https://www.econbiz.de/10008550318

The Savings Behaviour of Temporary and Permanent Migrants in Germany

Bauer, Thomas; Sinning, Mathias - C.E.P.R. Discussion Papers - 2005

This paper examines the relative savings position of migrant households in West Germany, paying particular attention to …), our findings reveal significant differences in the savings rates between foreign-born and German-born individuals. These … the determinants of immigrants’ savings rates reveal that intended return migration does not only affect remittances, but …

Persistent link: https://www.econbiz.de/10005124460

The Argentina Paradox: Microexplanations and Macropuzzles

Taylor, Alan M. - C.E.P.R. Discussion Papers - 2014

The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...

Persistent link: https://www.econbiz.de/10011083510

Consumption Over the Life-Cycle

Gourinchas, Pierre-Olivier; Parker, Jonathan A - C.E.P.R. Discussion Papers - 2000

This paper employs cohort technique and Consumer Expenditure Survey data to construct average age-profiles of consumption and income over the working lives of typical households across different education and occupation groups. Using these profiles, we estimate a structural model of optimal...

Persistent link: https://www.econbiz.de/10005504201

Retail Energy Prices and Consumer Expenditures

Edelstein, Paul; Kilian, Lutz - C.E.P.R. Discussion Papers - 2007

discretionary income, (2) shifts in precautionary savings, and (3) changes in the operating cost of energy-using durables. We also …

Persistent link: https://www.econbiz.de/10005504244

Macroeconomic Consequences of Terror: Theory and the Case of Israel

Eckstein, Zvi; Tsiddon, Daniel - C.E.P.R. Discussion Papers - 2004

This Paper analyses the effect of terror on the economy. Terror endangers life such that the value of the future relative to the present is reduced. Hence, due to a rise in terror activity, investment goes down, and in the long run income and consumption go down as well. Governments can offset...

Persistent link: https://www.econbiz.de/10005504271