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Leverage, Monopsony, and the Racial Wealth Gap : A Dynamic Model

de Souza White, Joey - 2023

inelastic labor supply, monopsony-employers can use race to infer workers' labor supply elasticity via their househould inter …

Persistent link: https://www.econbiz.de/10014255063

Are the Japanese unique? : evidence from household saving and bequest behavior

Horioka, Charles - 2016

by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that … the Japanese are not a saving-loving people and that their saving behavior is not governed by culture and social norms …, we argue that these findings do not necessarily mean that culture and social norms do not matter. …

Persistent link: https://www.econbiz.de/10011478422

Is the selfish life-cycle model more applicable in Japan and, if so, why? : a literature survey

Horioka, Charles - 2020

The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...

Persistent link: https://www.econbiz.de/10012291218

Measuring Applicant Quality to Detect Discrimination in Peer-to-Peer Lending

Weizsacker, Georg - 2017

We measure the quality of applications for online peer-to-peer lending in Germany and relate it to gender discrimination. The data context allows summarizing application quality as a single numeric measure, the expected internal rate of return. The measure serves as a control variable and is...

Persistent link: https://www.econbiz.de/10012963332

Discrimination and Economic Expectations

Bazley, William J.; Bonaparte, Yosef; Korniotis, George M. - 2022

This paper examines whether perceptions of discrimination affect the economic expectations of U.S. households. We focus on two forms of expectations that play a central role in economic and financial decisions: labor income and inflation. Using experimental data, we show that discrimination...

Persistent link: https://www.econbiz.de/10013403938

Credit Constraints : The Effect of Race/Ethnic Group

Hanna, Sherman D. - 2017

About 20% of U.S. households are credit constrained. This research analyzes credit constraints among those who have applied for credit and controls for the effects of past credit behavior on being credit constrained. It is the first to identify the impact on being credit constrained of being...

Persistent link: https://www.econbiz.de/10012946701

Are Americans and Indians more altruistic than the Japanese and Chinese? : evidence from a new international survey of bequest plans

Horioka, Charles - 2014

This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on...

Persistent link: https://www.econbiz.de/10010354604

Effects of Cultural Origin on Entrepreneurship

Jonsson, Sara; Ouyang, Qinglin - 2023

This paper investigates impact of cultural origin on entrepreneurship. Using Swedish registry data on second-generation immigrants and risk appetite measures from the Global Preference Survey (GPS), we investigate whether risk preferences in parents’ home countries affect entrepreneurship. We...

Persistent link: https://www.econbiz.de/10014348929

The Retirement-Savings Puzzle Revisited : The Role of Housing as a Bequeathable Asset

Andreu, Eduard Suari - 2016

The so-called retirement-savings puzzle is a phenomenon by which, contrary to what the basic life-cycle model predicts, households do not run down their wealth significantly during retirement. In this survey paper we briefly review the literature that attempts to solve the retirement-savings...

Persistent link: https://www.econbiz.de/10012997163

The Quest for Parsimony in Behavioral Economics : New Methods and Evidence on Three Fronts

Stango, Victor - 2017

Behavioral economics identifies myriad deviations from classical economic assumptions about consumer decision-making, but lacks evidence on how its diverse phenomena fit together and whether they are amenable to modeling as low-dimensional constructs. We pursue such parsimony on three fronts,...

Persistent link: https://www.econbiz.de/10012964027