Showing 1 - 10 of 1,367
This study combines novel financial-literacy data with measures of attitudes to redistribution from the British … intervention for income redistribution. The effect is robust to several specifications, samples, longitudinal models and … effect indicates that the homo oeconomicus effect does not exert an impact on attitudes to redistribution for the less …
Persistent link: https://www.econbiz.de/10011653361
inflation and measures welfare changes using the compensating variation and equivalent incomes in a cross-national comparative … perspective. The impact of inflation depends on good-specific price increases and budget shares. Budget shares for necessities (e … necessities has resulted in higher inflation in poorer countries. Counter to the media narrative, the distributional impact is …
Persistent link: https://www.econbiz.de/10013470501
We develop a theory of labor markets in a monetary economy with four realistic features: search frictions, worker productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient job separations occur in the form of endogenous...
Persistent link: https://www.econbiz.de/10014296865
between 1999 and 2010. This measure combines an efficiency component using a Linear Expenditure System (LES) and an equity …
Persistent link: https://www.econbiz.de/10010278686
between 1999 and 2010. This measure combines an efficiency component using a Linear Expenditure System (LES) and an equity …
Persistent link: https://www.econbiz.de/10009024603
Using micro-data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey, and the Oaxaca-Blinder decomposition technique, this paper contributes to knowledge on gender-gaps in financial literacy (FL) via a study of teenagers, emerging adults and young adults. The analysis...
Persistent link: https://www.econbiz.de/10013351826
Individuals with extensive debt may be granted debt relief in court. We provide a comprehensive evaluation of the Danish debt relief program with data from court records linked to nationwide register data. Using event-study methods and quasi-random assignment of applicants to court trustees with...
Persistent link: https://www.econbiz.de/10015045455
This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life-cycle incomplete-markets model with a financial asset and...
Persistent link: https://www.econbiz.de/10012179936
It has been well documented in the literature that ethnicity matters significantly in the determination of savings. In particular, African-American savings lag far behind savings for other ethnic groups. Similarly, the literature also provides evidence of the long-lived nature of institutions...
Persistent link: https://www.econbiz.de/10005761799
Recent advances in behavioral genetics have enabled the discovery of genetic scores linked to a variety of economic outcomes, including education. We build on this progress to demonstrate that the same genetic variants that predict educational attainment independently predict household wealth in...
Persistent link: https://www.econbiz.de/10011653295