ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic)最新文献

'It's A Cookbook': Animal Welfare Cascades “这是一本食谱”:动物福利级联

ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic) Pub Date : 2021-06-14 DOI: 10.2139/ssrn.3866727

C. Sunstein

{"title":"'It's A Cookbook': Animal Welfare Cascades","authors":"C. Sunstein","doi":"10.2139/ssrn.3866727","DOIUrl":"https://doi.org/10.2139/ssrn.3866727","url":null,"abstract":"Informational and reputational cascades often arise in the presence of four factors: (1) preference falsification; (2) diverse thresholds; (3) social interactions; and (4) group polarization. In the context of animal welfare, cascades have often occurred, and more consequential ones are possible. First: In this domain, preference falsification has run and is running rampant. Those who care about animal welfare, or are inclined to want to say or do something about it, often silence themselves. They know that if they speak or act, they might incur social disapproval or worse. Second: People have different thresholds for disclosing their views or for taking action. With respect to animal welfare, some people really will speak out or act, even if no one else does. Others need someone to follow – but only one. Still others need two, or three, or a hundred, or more. Third: Social interactions are and continue to be crucial to the movement for animal welfare. Who is seeing whom? When? Who is talking to whom? Are visible people speaking and acting in ways that support animal welfare? Are they credible? With whom? Fourth: In many times and places, believers in animal rights, animal welfare, or both have created communities of like-minded people. These communities can be highly effective. They create a commitment to a belief that might have been held tentatively. They make that belief salient, potentially part of people’s identity. They increase confidence and unity.<br>","PeriodicalId":175023,"journal":{"name":"ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic)","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126714044","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Financial Literacy: Thai Middle Class Women Do Not Lag Behind 金融知识:泰国中产阶级女性并不落后

ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic) Pub Date : 2016-10-01 DOI: 10.2139/ssrn.2867919

Antonia Grohmann, O. Hübler, Roy Kouwenberg, Lukas Menkhoff

引用次数: 11

Improved Portfolio Choice Using Second Order Stochastic Dominance 基于二阶随机优势的改进投资组合选择

ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic) Pub Date : 2013-09-19 DOI: 10.2139/ssrn.1419926

James E. Hodder, J. Jackwerth, O. Kolokolova

引用次数: 64

Optimal Life Cycle Portfolio Choice with Housing Market Cycles 房地产市场周期下的最优生命周期投资组合选择

ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic) Pub Date : 2013-02-01 DOI: 10.2139/ssrn.1712285

Marcel Fischer, Michael Stamos

引用次数: 43

Abilities, Mobilities, And The Beta Wealth Distribution 能力，流动性和Beta财富分配

ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic) Pub Date : 2012-03-06 DOI: 10.2139/ssrn.1625788

Murray Brown, Shin-hwan Chiang

{"title":"Abilities, Mobilities, And The Beta Wealth Distribution","authors":"Murray Brown, Shin-hwan Chiang","doi":"10.2139/ssrn.1625788","DOIUrl":"https://doi.org/10.2139/ssrn.1625788","url":null,"abstract":"This paper studies the stationary distribution of wealth by using a basic economic model encompassing saving, investment, occupational choice, an imperfect credit market, entrepreneurial abilities, and intergenerational wealth mobilities. It implies that persistent wealth inequality depends on the probability of intergenerational upward mobility relative to the downward mobility probability. The model predicts substitutability between the probabilities that workers' children and entrepreneurs' children have sufficient wealth to become entrepreneurs in achieving the same degree of persistent wealth inequality. It also implies workers' children can have sufficient entrepreneurial wealth with greater or less probability than entrepreneurs' children depending on an explicit mobility measure. A wealth variant of the Great Gatsby Curve is shown to require a restriction on the downward mobility probability. The model also shows that the two kinds of entrepreneurial skills (endowed and environmental-historical abilities) are net substitutes rather than complements in preserving a given measure of stationary wealth inequality. Conditions are given on environmental-historical and endowed abilities that allow different probabilities of passing the wealth test for different types of agents, though no structural relationship between them was built into the model. We obtain insights into how the interest rate affects mobility probabilities and persistent inequality. Finally, the model is solved to obtain a closed Beta form for the distribution of wealth. Its shape is given by the mobility probabilities and subsumes the Pareto wealth distribution as a special case. Empirical illustrations inclue comparisons of the quantile estimates of our Beta stationary wealth density with the generalized Pareto distribution.","PeriodicalId":175023,"journal":{"name":"ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic)","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127580847","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Human Capital Portfolios 人力资本组合

ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic) Pub Date : 2012-02-01 DOI: 10.2139/ssrn.2060664

Pedro Silos, Eric Smith

引用次数: 33

A Fast Bipartite Algorithm for Fair Tontines 公平时间的快速二部算法

ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic) Pub Date : 2011-05-22 DOI: 10.2139/ssrn.1848737

Michael J. Sabin

引用次数: 8

Diversion of Loan Use - Who Diverts and Why? 贷款用途分流-谁分流?为什么分流?

ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic) Pub Date : 2011-04-07 DOI: 10.2139/ssrn.1804756

M. Khaleque

引用次数: 8

Engel Curves, Spatial Variation in Prices and Demand for Commodities in Côte D'Ivoire 恩格尔曲线，物价空间变化与商品需求Côte科特迪瓦

ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic) Pub Date : 2011-03-01 DOI: 10.2139/ssrn.1778895

M. Gbakou, A. Sousa-Poza

引用次数: 1

Health Shocks, Insurance Status and Net Worth: Intra- and Inter-Generational Effects 健康冲击、保险状况和净资产:代际和代际影响

ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic) Pub Date : 2011-03-01 DOI: 10.3386/W16857

D. Conley, Jason Thompson

{"title":"Health Shocks, Insurance Status and Net Worth: Intra- and Inter-Generational Effects","authors":"D. Conley, Jason Thompson","doi":"10.3386/W16857","DOIUrl":"https://doi.org/10.3386/W16857","url":null,"abstract":"An extensive literature has documented a robust correlation between socioeconomic status--measured in a variety of ways--and health outcomes; however, much uncertainty remains regarding what causal processes underlie this association. The present paper builds on a growing literature that seeks to better document how and why wealth and SES are related. Specifically, we ask the extent to which health shocks affect net worth--a less-studied dimension of socioeconomic status. Given a lack of instruments that meet the exclusion restriction, we use data from the Panel Study of Income Dynamics to pursue a first-differences identification strategy. We estimate a parameter for acute illnesses (which should have a causal effect on wave-to-wave wealth changes) and compare this coefficient to a counterfactual parameter for the presence of chronic illnesses (which we argue should be less causally related to wealth differences year-to-year). Additionally, we interact these health indicators with insurance status as a further test that the health-wealth relationship is likely causal net of covariates. Results show that the onset of an acute illness has a negative effect on family wealth levels and that the onset of chronic illnesses only makes an impact when it occurs for those uninsured. In intergenerational models, parental health insurance status also seems to matter. When parents suffer from chronic illness and have no health insurance, adult children's net worth declines. Adult children in white families also face a greater likelihood of falling into debt (excluding wealth from home equity) when parental medical expenses increase. Together, these findings suggest that health dynamics play an important role in intergenerational stratification processes--at least under the current health regime of the United States.","PeriodicalId":175023,"journal":{"name":"ERN: Intertemporal Consumer Choice; Life Cycle Models & Savings (Topic)","volume":"221 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124380878","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 12