Browsing Department of Economics (ECO) by Subject "E21"

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Browsing Department of Economics (ECO) by Subject "E21"

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    Title: Cash-on-Hand and the Duration of Job Search. Quasi-Experimental Evidence from Norway  Author(s): BASTEN, Christoph; FAGERENG, Andreas; TELLE, Kjetil Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months’ earnings at the ...
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    Title: How Important is Intra-Household Risk Sharing for Savings and Labor Supply?  Author(s): ORTIGUEIRA, Salvador; SIASSI, Nawid Date: 2010-01-01 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: While it is recognized that the family is primarily an institution for risk sharing, little is known about the quantitative effects of this informal source of insurance on savings and labor supply. In this paper, we present ...
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    Title: Stationary Equilibrium Distributions in Economies with Limited Commitment  Author(s): BROER, Tobias Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Limited commitment to contracts can explain imperfect risk sharing even when individuals have access to complete insurance markets. Past contributions have focused on the resulting cross-sectional distribution of consumption ...
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    Title: Pension Risk, Retirement Saving and Insurance  Author(s): GUISO, Luigi; JAPPELLI, Tullio; PADULA, Mario Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Using a representative sample of Italian investors, we estimate the risk associated with pension benefits by eliciting for each individual the subjective distribution of the replacement rate as a summary indicator of ...
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    Title: Incomplete Markets and the Evolution of the US. Consumer Wealth Distribution  Author(s): HINTERMAIER, Thomas; KOENIGER, Winfried Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: We use a buffer-stock saving model to explain the evolution of the consumer net-worth distribution in the US between 1983 and 2004. We focus on net-worth up to the 90th percentile due to the well-known problem of matching ...
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    Title: The Home Bias of the Poor: Terms of Trade Effects and and Portfolios across the Wealth Distribution  Author(s): BROER, Tobias Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Wealthier people generally hold a larger part of their savings in risky assets. Using the US Survey of Consumer Finances, I show that wealthier households also have a higher portfolio share of foreign assets. This ...
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    Title: Deep Habits and the Dynamic Effects of Monetary Policy Shocks  Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin; UUSKULA, Lenno Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper introduces deep habits into a sticky-price sticky-wage economy and asks whether the countercyclical markup movements induced by deep habits is helpful for accounting for the dynamic effects of monetary policy ...