Download or read book The Effect of Liquidity Constraints on Consumption and Labor Supply written by Sergio Nicoletti-Altimari and published by . This book was released on 1995 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effect of Liquidity Constraints on Consumption and Labor Supply Evidenc written by Sergio Nicoletti Altimari and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effect of Liquidity Constraints on Consumption written by Fumio Hayashi and published by . This book was released on 1982 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effect of liquidity constraints on consumption expenditures using a single-time cross-section data set. A reduced-form equation for consumption is estimated on high-saving households by the Tobit procedure to account for the selectivity bias. Since high-saving households are not likely to be liquidity constrained, the estimated equation is an appropriate description of how desired consumption dictated by the life cycle-permanent income hypothesis is related to the variables available in the cross-section data. When the reduced-form equation is used to predict desired consumption, the gap between desired consumption and measured consumption is most evident for young households.
Download or read book The Effect of Liquidity Constraints on Consumption and Labour Supply written by Sergio Nicoletti-Altimari and published by . This book was released on 1995 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effects of Liquidity Constraints on Consumption written by Rob Alessie and published by . This book was released on 1989 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effects of Financial Deregulationon Consumption written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-10-26 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines whether financial deregulation in the 1980s has reduced the importance of liquidity constraints in consumption patterns. Data for six industrialized countries are used to estimate a simple model incorporating liquidity constraints and forward looking behavior. It is concluded that the importance of liquidity constraints fell between the 1970s and the 1980s. This implies that forward looking models of consumer behavior fit the data better in the recent period.
Download or read book Essays on Liquidity Constraints Aggregation and the Permanent income Hypothesis written by Xiaonian Xu and published by . This book was released on 1991 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rising Wealth Rising Debt written by David Wishart and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Liquidity Constraints the Extended Family and Consumption written by HwaJung Choi and published by . This book was released on 2015 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines whether the extended family influences consumption. Extending prior tests on food consumption to total consumption, little to no evidence is found in support of altruism among related households and or that fluctuations in dynastic income affects one's own consumption. However, the effect of transitory fluctuations in own income on consumption are contingent on own wealth and the wealth of the extended family, with estimates of the marginal propensity to consume roughly three times higher for individuals whose own and extended family wealth is low versus individuals whose own and extended family wealth is high.
Download or read book Consumption Behavior and the Effects of Government Fiscal Policies written by Randall P. Mariger and published by Harvard University Press. This book was released on 1986 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Consumption Behavior and the Effects of Government Fiscal Policies, Randall Mariger explores how people make decisions about how much to consume and save over their lifetimes. An understanding of these issues illuminates not only individual behavior but important properties of the macro economy as well. The most popular framework for analyzing consumption has been the life-cycle theory. Mariger tests two fundamental, and controversial, assumptions underlying the theory--that there are no planned bequests and that human capital is marketable. To do this, he fits a structural consumption model that incorporates endogenous liquidity constraints (non-marketability of human capital), but no planned bequests, to data on a cross-section of U. S. families. This estimated model, in conjunction with estimates of alternative models, enables him to make inferences about the respective effects of liquidity constraints and social security wealth on consumption. This latter effect yields indirect evidence concerning planned bequests. Mariger also presents direct evidence concerning bequest behavior. Among his findings are that the model fits the data very well in spite of its tight theoretical structure; that liquidity constraints are prevalent and have important effects on consumption behavior; that planned bequests appear not to be common among families in the lower 99.1% of the wealth distribution; and that families in the upper 0.9% of the wealth distribution appear to plan substantial bequests. Mariger devotes the latter part of his book to studying the implications of his estimated consumption model for the effects of government fiscal policies. More specifically, he simulates the model to infer the effects of government tax/debt policy, as well as those of the social security system, on aggregate savings.
Download or read book Consumption and Liquidity Constraints Classic Reprint written by Julio Rotemberg and published by . This book was released on 2015-08-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Consumption and Liquidity Constraints This paper studies the consumption and savings decisions of an individual who knows there is a positive probability that he will become liquidity constrained at a later date. It also studies the effect on these decisions of a higher variability of income on any given date when lifetime income is assumed to be constant. In other words, it studies the effect of an increase in the "timing" variability of income. I show that this increase generally leads the individual to keep more assets and more liabilities. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book THE EFFECTS OF LIQUIDITY CONSTRAINTS ON CONSUMPTION BEHAVIOUR THE PORTUGUESE EXPERIENCE written by Silvia LUZ and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Some International Evidence on the Impact of Liquidity Constraints on Consumption Smoothing written by Kogulakrishnan Maheswaran and published by . This book was released on 2004 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Consumption and Liquidity Constraints on Optimal Consumption and Investment Decisions written by Amit Vijay Bhandari and published by . This book was released on 2008 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Lifting Liquidity Constraints on the Distributions of Consumption Assets and Debts written by Seok-kyun Hur and published by 한국개발연구원. This book was released on 2003 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Consumption Rational Expectations and Liquidity written by Alan E. H. Speight and published by . This book was released on 1990 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Asymptotic Theory for Econometricians written by Halbert White and published by Academic Press. This book was released on 2014-06-28 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is intended to provide a somewhat more comprehensive and unified treatment of large sample theory than has been available previously and to relate the fundamental tools of asymptotic theory directly to many of the estimators of interest to econometricians. In addition, because economic data are generated in a variety of different contexts (time series, cross sections, time series--cross sections), we pay particular attention to the similarities and differences in the techniques appropriate to each of these contexts.
