Showing 1 - 10 of 1,141
market participation and financial wealth. Among participants, the average financial wealth elasticity of the risky share is … aversion. Furthermore, the financial wealth elasticity of the risky share itself is heterogeneous across investors and varies … strongly with characteristics. The elasticity decreases with financial wealth and human capital, and increases with habit, real …
Persistent link: https://www.econbiz.de/10013145244
The possibility that individuals may derive utility from the mere fact of holding wealth has long been recognized. A …
Persistent link: https://www.econbiz.de/10013149701
with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that … exception of Venezuela, significant increases in human capital enable comprehensive wealth to be maintained (and sustainability … per-capita comprehensive wealth …
Persistent link: https://www.econbiz.de/10013135234
This paper is an attempt to broaden the standard economic discourse by importing insights into human behavior not just from psychology, but also from sociology and anthropology. Whereas the concept of the decision-maker is the rational actor in standard economics and, in early work in behavioral...
Persistent link: https://www.econbiz.de/10013002428
We examine the effect of New York City's universal pre-kindergarten program (UPK) on the health and utilization of children enrolled in Medicaid using a difference-in-regression- discontinuities design. We find that UPK increases the probability that a child is diagnosed with asthma or with...
Persistent link: https://www.econbiz.de/10012902107
choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted across … measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity (fraction …
Persistent link: https://www.econbiz.de/10013034169
the data and better fits the savings of the households at the bottom 60% of the wealth distribution …
Persistent link: https://www.econbiz.de/10013000507
Providing clean water requires maintenance, as well as the initial connections that are typically measured. Frequently, the water supply fails in the developing world, especially when users don't pay the marginal cost of water. This paper uses the timing of frequent, unexpected water service...
Persistent link: https://www.econbiz.de/10012947661
relevant waves of the Health and Retirement Study (1996-2010), we exploit the exogenous variation in the form of wealth shocks … resulting from the value of housing assets, to examine the effect of wealth on use of home health, unpaid help and nursing home … not affected by the housing wealth changes. The findings suggest that a wealth shock exerts a positive and significant …
Persistent link: https://www.econbiz.de/10012948082
This paper combines national accounts, survey, wealth and fiscal data (including recently released tax data on high …-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in Russia from the … benchmark estimates, the wealth held offshore by rich Russians is about three times larger than official net foreign reserves …
Persistent link: https://www.econbiz.de/10012949409