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Inequality and Volatility Moderation in Russia: Evidence from Micro-Level Panel Data on Consumption and Income

Gorodnichenko, Yuriy; Sabirianova Peter, Klara; … - Institute for the Study of Labor (IZA) - 2009

Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent …

Persistent link: https://www.econbiz.de/10005004571

Economic Development, Novelty Consumption, and Body Weight: Evidence from the East German Transition to Capitalism

Dragone, Davide; Ziebarth, Nicolas R. - Institute for the Study of Labor (IZA) - 2015

weight and obesity rates. We first introduce the concept of novelty consumption, which refers to an increase in food … availability due to trade or innovation. Then we study how novel food products alter the optimal consumption bundle and welfare … experiment of economic development. Our data elicit detailed information on East Germans' food consumption, body mass, and diet …

Persistent link: https://www.econbiz.de/10011264784

Behavioral Responses to Taxation: Cigarette Taxes and Food Stamp Take-Up

Rozema, Kyle; Ziebarth, Nicolas R. - Institute for the Study of Labor (IZA) - 2015

This paper investigates a previously unexplored behavioral response to taxation: whether smokers compensate for higher cigarette taxes by enrolling in food stamps. First, we show theoretically that increases in cigarette taxes can induce food stamp take-up of non-enrolled, eligible smoking...

Persistent link: https://www.econbiz.de/10011210820

Who Becomes an Entrepreneur? Labor Market Prospects and Occupational Choice

Poschke, Markus - Institute for the Study of Labor (IZA) - 2008

Why do some people become entrepreneurs (and others don't)? Why are firms so heterogeneous, and many firms so small? To start, the paper briefly documents evidence from the empirical literature that the relationship between entrepreneurship and education is U-shaped, that many entrepreneurs...

Persistent link: https://www.econbiz.de/10005822184

Education, Birth Order, and Family Size

Bagger, Jesper; Birchenall, Javier A.; Mansour, Hani; … - Institute for the Study of Labor (IZA) - 2013

We introduce a general framework to analyze the trade-off between education and family size. Our framework incorporates parental preferences for birth order and delivers theoretically consistent birth order and family size effects on children's educational attainment. We develop an empirical...

Persistent link: https://www.econbiz.de/10011212756

Some Surprising Facts about Working Time Accounts and the Business Cycle

Balleer, Almut; Gehrke, Britta; Merkl, Christian - Institute for the Study of Labor (IZA) - 2015

Working time accounts (WTAs) allow firms to smooth hours worked over time. This paper analyzes whether this increase in flexibility has also affected how firms adjust employment in Germany. Using a rich microeconomic dataset, we show that firms with WTAs show a similar separation and hiring...

Persistent link: https://www.econbiz.de/10011196653

Hyperbolic Discounting and Positive Optimal Inflation

Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2011

The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...

Persistent link: https://www.econbiz.de/10009021640

Immigration, Unemployment and Growth in the Host Country: Bootstrap Panel Granger Causality Analysis on OECD Countries

Boubtane, Ekrame; Coulibaly, Dramane; Rault, Christophe - Institute for the Study of Labor (IZA) - 2011

This paper examines the causality relationship between immigration, unemployment and economic growth of the host country. We employ the bootstrap panel Granger causality testing approach of Kónya (2006) that allows to test for causality on each individual country separably by accounting for...

Persistent link: https://www.econbiz.de/10009216762

Life Expectancy, Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited

Cervellati, Matteo; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2013

This paper presents a theoretical and empirical analysis of the role of life expectancy for optimal schooling and lifetime labor supply. The results of a simple prototype Ben-Porath model with age-specific survival rates show that an increase in lifetime labor supply is not a necessary, nor a...

Persistent link: https://www.econbiz.de/10010704402

Envy, Guilt, and the Phillips Curve

Ahrens, Steffen; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2012

We incorporate inequity aversion into an otherwise standard New Keynesian dynamic equilibrium model with Calvo wage contracts and positive inflation. Workers with relatively low incomes experience envy, whereas those with relatively high incomes experience guilt. The former seek to raise their...

Persistent link: https://www.econbiz.de/10009646332