Showing 1 - 10 of 34
This discussion paper resulted in the publication 'Wealth and Health Behavior: Testing the Concept of a Health Cost … consumption. The health cost increases with wealth and the degree of unhealthiness, leading wealthier individuals to consume more … wealth groups. …
Persistent link: https://www.econbiz.de/10011256703
The paper addresses two related issues: the optimal intergenerational sharing of laborproductivity risks, through a Pay-As-You-Go (PAYG) social security, and the mix ofPAYG and savings for retirement provision in a small open economy. It shows that <I>partial</I> contingency of the social security on...</i>
Persistent link: https://www.econbiz.de/10011256549
Theoretical models predict a positive impact of the level of individual wealth on the job exit probability. Empirically … this prediction is most likely to be relevant for elderly workers who have accumulated wealth throughout their working life … the introduction of more individual freedom of choice in pension schemes. The individual level of wealth will become an …
Persistent link: https://www.econbiz.de/10011256556
In this note we show that the standard, loglinear growth regression specificationis consistent with one and only one model in the class of stochastic Ramsey models. Thismodel is highly restrictive: it requires a Cobb-Douglas technology and a 100% depreciationrate and it implies that risk does...
Persistent link: https://www.econbiz.de/10011256632
Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...
Persistent link: https://www.econbiz.de/10011256677
This discussion paper led to the publication 'Applied Economics' (2009), 41(24), 3093-3101.<P> Assessing the scope for insurance in rural communities usually requires a structural model of household behavior under risk. One of the few empirical applications of such models is the study by Rosenzweig...</p>
Persistent link: https://www.econbiz.de/10011256689
withrespect to parental human capital and wealth; (2) intergenerational transfers takeplace via parental education and, public …
Persistent link: https://www.econbiz.de/10011256806
this paper we focus on the timing of marriages of women, whose marriages are associated with bride wealth payments, which … distinguish household specific wealth levels and two types of shocks: correlated (weather) shocks and idiosyncratic (wealth … experienced a negative idiosyncratic (wealth) shock are more likely to marry. …
Persistent link: https://www.econbiz.de/10011256857
In this paper, we apply a dynamic innovation diffusion framework to model adoption of full electric vehicles where we explicitly distinguish three major phases of adoption: introduction, growth and maturity. We combine this approach with an SP study to elicit individual preferences for...
Persistent link: https://www.econbiz.de/10011256877
Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly … workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore … (marginal) effect of wealth on the job exit rate. But even with a rich set of regressors the question remains whether there are …
Persistent link: https://www.econbiz.de/10011256927