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Alvarez-Cuadrado, Francisco - 2013

Over the last three decades, average income for the bottom half of the US distribution increased by 8% while their average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in inequality and a continuous decrease in the aggregate...

Persistent link: https://www.econbiz.de/10013088975

Modeling Life-Cycle Earnings Risk with Positive and Negative Shocks

Sanchez Garcia, Manuel - 2017

We study workers' idiosyncratic earnings risk over the life-cycle using a German administrative data set. Positive and negative earnings shocks both contain a highly persistent component. The variance and average size of positive persistent shocks is decreasing over the life-cycle. The...

Persistent link: https://www.econbiz.de/10012948657

Estimating Labor-Supply Elasticities with Joint Borrowing Constraints of Couples

Bredemeier, Christian - 2016

estimation bias is less pronounced for secondary than for primary earners. The reason is that, in households with two earners and … to borrow than wage-rate changes of the primary earner. We illustrate the differential estimation bias in the framework …

Persistent link: https://www.econbiz.de/10012981501

Demographic Uncertainty and Generational Consumption Risk with Endogenous Human Capital

Emerson, Patrick M. - 2018

This paper uses a model with overlapping generations to demonstrate that human capital accumulation can potentially attenuate factor price movements in response to birth rate shocks. Specifically, we show that if education spending per child is inversely related to the size of the generation,...

Persistent link: https://www.econbiz.de/10012925513

Regional Consumption Responses and the Aggregate Fiscal Multiplier

Dupor, Bill; Karabarbounis, Marios; Kudlyak, Marianna; … - 2022

We use regional variation in the American Recovery and Reinvestment Act (2009-2012) to analyze the effect of government spending on consumer spending. Our consumption data come from household-level retail purchases in the Nielsen scanner data and auto purchases from Equifax credit balances. We...

Persistent link: https://www.econbiz.de/10014083720

Happiness and the Persistence of Income Shocks

Bayer, Christian - 2012

novel two-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As … suggested by the theory of incomplete markets, we differentiate between the effects of persistent and transitory income shocks …. In line with this theory, we find that persistent shocks have a significant impact on happiness while transitory shocks …

Persistent link: https://www.econbiz.de/10013099795

The Effect of Gender-Targeted Conditional Cash Transfers on Household Expenditures : Evidence from a Randomized Experiment

Armand, Alex - 2016

This paper studies the differential effect of targeting cash transfers to men or women on the structure of household expenditures on non-durables. We study a policy intervention in the Republic of Macedonia, offering cash transfers to poor households, conditional on having their children...

Persistent link: https://www.econbiz.de/10012984861

Inheritance and Wealth Inequality : Evidence from Population Registers

Elinder, Mikael - 2016

We use new population-wide register data on inheritances and wealth in Sweden to estimate the causal impact of inheritances on wealth inequality. We find that inheritances reduce relative wealth inequality (e.g., the Gini coefficient falls by 5–10 percent) but that absolute dispersion...

Persistent link: https://www.econbiz.de/10012995595

Household Division of Labor, Partnerships and Children : Evidence from Europe

Giménez, José Ignacio; Molina, José Alberto; Sevilla … - 2021

, ceteris paribus, a lower probability of forming a partnership. Furthermore, as predicted by the theory, social norms have a …

Persistent link: https://www.econbiz.de/10013316950

Indirect Effects of an Aid Program : The Case of Progresa and Consumption

Angelucci, Manuela; De Giorgi, Giacomo - 2021

Aid programs in developing countries are likely to affect all households living in the treated areas, both eligible and non-eligible ones. Studies that focus on the treatment effect on the treated may fail to capture important spillover effects. We exploit the unique design of an aid program's...

Persistent link: https://www.econbiz.de/10013317680