Browsing ECO Working Papers by Subject "D31"

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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 ...
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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