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Intergenerational redistribution with asymmetric information: The case of non-observable savings

Lorz, Jens Oliver - 1999

productivities. In addition, individual savings and capital incomes are not observable for the government. It is shown that the …

Persistent link: https://www.econbiz.de/10010331072

Impatience and uncertainty: Experimental decisions predict adolescents' field behavior

Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - 2010

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of impatience are found to be significant redictors of health...

Persistent link: https://www.econbiz.de/10010294843

Impatience and Uncertainty: Experimental Decisions Predict Adolecents' Field Behavior

Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - 2010

Persistent link: https://www.econbiz.de/10010427581

Taxation and Heterogeneous Preferences

Blomquist, Sören; Christiansen, Vidar - 2004

Non-linear income taxes and linear commodity taxes are analysed when people differ with respect to ability, high-skilled agents have heterogeneous preferences, and neither individual abilities nor preferences are observable. The paper highlights how informational constraints may motivate...

Persistent link: https://www.econbiz.de/10010321569

Auctions where incomes are private information and preferences (non quasi-linear) are common knowledge

Dastidar, Krishnendu Ghosh - 2010

We consider a two good world where an individual i with income mi has utility function u (x, y), where x element of [0, ∞) and y element of {0, 1}. We first derive the valuation (maximum price that he is willing to pay for the object) for good y as a function of his income. Then we consider...

Persistent link: https://www.econbiz.de/10010332482

Out of sight, out of mind: migration, entrepreneurship and social capital

Wahba, Jackline; Zenou, Yves - 2009

-migrant. Although migrants lose their original social networks whilst overseas, savings and human capital accumulation acquired abroad …

Persistent link: https://www.econbiz.de/10010269590

Saving on a Rainy Day, Borrowing for a Rainy Day

Alan, Sule; Crossley, Thomas; Low, Hamish - 2012

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …

Persistent link: https://www.econbiz.de/10010500212

Sequential optimization, front-loaded information, and U.S. consumption

Willman, Alpo - 2007

In an overlapping generations maximization framework with consumers, whose information on uncertain future income realizations is front loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form solution we assume that consumers solve their...

Persistent link: https://www.econbiz.de/10011604811

The political economy of intra- and intergenerational redistribution with asymmetric information

Lorz, Jens Oliver - 1999

-productivity individuals is inefficiently allocated over their life cycle. For a given level of aggregate savings, a Pareto-improvement would …. In addition to this inefficiency, the government in period 1 may choose an inefficient level of aggregate savings in the … equilibrium. It is shown for a specific example that an increase in aggregate savings would be Pareto-improving. …

Persistent link: https://www.econbiz.de/10010275329

Liquidity shortages in a model with equilibrium shirking

Atolia, Manoj; Marquis, Milton H. - 2011

Persistent link: https://www.econbiz.de/10014306492