Similar Search Results

Intertemporal Choice and Consumption Mobility

Jappelli, Tullio - 2008

The theory of intertemporal consumption choice makes sharp predictions about the evolution of the entire distribution of household consumption, not just about its conditional mean. In the paper, we study the empirical transition matrix of consumption using a panel drawn from the Bank of Italy...

Persistent link: https://www.econbiz.de/10012774339

Monetary policy and the redistribution channel in the euro area

Pekanov, Atanas - 2024

Monetary policy has implicit redistribution effects for households when households are different. This changes the aggregate consumption response to interest rate changes. This paper is the first to estimate the magnitude of redistributionary channels of monetary policy in the euro area. When...

Persistent link: https://www.econbiz.de/10014545241

Consumption heterogeneity : micro drivers and macro implications

Crawley, Edmund; Kuchler, Andreas - 2018

This paper aims to test the microfoundations of consumption models and quantify the macro implications of heterogeneity in consumption behavior. We propose a new empirical method to estimate the sensitivity of consumption to permanent and transitory income shocks for different groups of...

Persistent link: https://www.econbiz.de/10011930206

Heterogeneity of consumption responses to income shocks in the presence of nonlinear persistence

Arellano, Manuel; Blundell, Richard W.; Bonhomme, Stéphane - 2023

In this paper we use the enhanced consumption data in the Panel Survey of Income Dynamics (PSID) from 2005-2017 to explore the transmission of income shocks to consumption. We build on the nonlinear quantile framework introduced in Arellano, Blundell and Bonhomme (2017). Our focus is on the...

Persistent link: https://www.econbiz.de/10014248416

House Price Fluctuations and Residential Sorting

Haavio, Markus - 2009

Empirical evidence suggests that local jurisdictions are internally more heterogeneous than standard sorting models predict. We develop a dynamic multi-region model, with fluctuating regional house prices, where an owner-occupying household's location choice depends on its current wealth and its...

Persistent link: https://www.econbiz.de/10013158359

Mobility

Carroll, Daniel - 2016

This paper studies short-run wealth mobility in a heterogeneous agents, incomplete-markets model. Wealth mobility has a … wealth mobility than found in the PSID wealth supplements. We include features commonly used in the literature to capture … wealth inequality and find that they do little to improve the model's performance for wealth mobility. Finally, we introduce …

Persistent link: https://www.econbiz.de/10012977038

Die alltägliche Bewältigung von Armut : individuelle Handlungsstrategien unter der Bedingung materieller Knappheit in städtischen und ländlichen Räumen Mecklenburg-Vorpommerns

Knabe, André; Aretz, Benjamin; Biemann, Melanie; … - 2018

mobility demands. When respondents take this as an effect of spatial disadvantage this results in resignation and frustration …

Persistent link: https://www.econbiz.de/10011928371

The "Great Lockdown": inactive workers and mortality by Covid-19

Borri, Nicola; Drago, Francesco; Santantonio, Chiara; … - 2020

estimates the causal effect of this measure on mortality by Covid-19 and on mobility patterns. The identification of the causal …. We also find that the economic lockdown, as expected, led to a reduction in human mobility. Several robustness checks …

Persistent link: https://www.econbiz.de/10012291890

The isolated states of America : home state bias and the impact of state borders on mobility

Wilson, Riley - 2023

I document a new fact about mobility within the United States. County-to-county migration and commuting drop discretely …

Persistent link: https://www.econbiz.de/10014393227

A mobile experiment on tree construction

Grabiszewski, Konrad - 2020

While a game-theoretic tree is an unrivaled way of representing dynamic interactions, no real-life interaction comes with its tree representation. Before backward inducting, players must construct a tree. We test whether people correctly construct trees. Replicated in 27 different settings with...

Persistent link: https://www.econbiz.de/10012848252