Showing 1 - 10 of 45
This study combines the 2013 Federal Reserve Survey of Consumer Finances data and the Fiscal Analyzer, a highly detailed life-cycle consumption-smoothing program, to a) measure ultimate economic inequality - inequality in lifetime spending power - within cohorts, b) assess fiscal progressivity...
Persistent link: https://www.econbiz.de/10012456642
's treatment of children vis-a-vis adults, particularly the current elderly. The paper begins by showing that poverty rates of … children have, over the past two decades, risen dramatically while those of the elderly have fallen. Next, it shows that, over …, including children. The paper then turns to the role of government policy in influencing these trends. It documents the high …
Persistent link: https://www.econbiz.de/10012474655
This paper uses matched data on the elderly and their children to study the provision of time by children to the …, and the children's age, health, and sex. Older parents, less healthy parents, and non-institutionalized parents receive … more time from their children, while younger children, healthier children, and female children provide more time. In …
Persistent link: https://www.econbiz.de/10012475670
This paper examines the bequest\gift behavior of altruistic parents who do not know their children's abilities and … cannot observe their children's work effort. Parents are likely to respond to this information problem by making larger … bequests to higher earning children and by using their transfers implicitly either to tax at the margin low earning children or …
Persistent link: https://www.econbiz.de/10012476325
, however, considered the incomes and preferences of the children of the elderly. This paper presents a model of the joint … living arrangement choice of parents and children. It then uses a new set of data to consider how the preferences and income … positions of the elderly and their children influence the living arrangements of elderly parents. The findings suggest that the …
Persistent link: https://www.econbiz.de/10012476326
A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries. In this data set, there are over one hundred...
Persistent link: https://www.econbiz.de/10012471350
Both the literature and new empirical evidence show that exchange rate regimes differ primarily by the noisiness of the exchange rate, not be measurable macroeconomic fundamentals. This motivates a theoretical analysis of exchange rate regimes with noise traders. The presence of noise traders...
Persistent link: https://www.econbiz.de/10012471695
Recent changes in patterns of international trade and growth have rekindled interest in the relationships among trade, growth, and the international distribution of income. Three alternative models can serve as a theoretical foundation for an empirical analysis of these relationships. The first...
Persistent link: https://www.econbiz.de/10012477675
The effect of social security and other forms of government debt on national savings is one of the most widely debated policy questions in economics today. Some estimates suggest that social security has reduced U.S. savings by almost forty percent. This paper examines recent cross-section and...
Persistent link: https://www.econbiz.de/10012478385
We examine the effect of negative nominal interest rates on bank profitability and behavior using a cross-country panel of over 5,100 banks in 27 countries. Our data set includes annual observations for Japanese and European banks between 2010 and 2016, which covers all advanced economies that...
Persistent link: https://www.econbiz.de/10012480657