Risk-sharing, Altruism, and the Factor Structure of Consumption

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Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Risk-sharing, Altruism, and the Factor Structure of Consumption by : Fumio Hayashi

Download or read book Risk-sharing, Altruism, and the Factor Structure of Consumption written by Fumio Hayashi and published by . This book was released on 1991 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider four models of consumption that differ with respect to efficient risk-sharing and altruism. They range from complete markets with altruism to family risk-sharing. We use a matched sample of parents and independent children available from the Panel Study of Income Dynamics to discriminate between the four models. Our testing procedure is designed to deal with the set of observed independent children being endogenously selected. The combined hypothesis of complete markets and altruism can be decisively rejected, while we fail to reject altruism and hence family risk-sharing for a subset of families.

Essays on Saving, Bequests, Altruism, and Life-cycle Planning

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Publisher : MIT Press
ISBN 13 : 9780262263344
Total Pages : 596 pages
Book Rating : 4.2/5 (633 download)

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Book Synopsis Essays on Saving, Bequests, Altruism, and Life-cycle Planning by : Laurence J. Kotlikoff

Download or read book Essays on Saving, Bequests, Altruism, and Life-cycle Planning written by Laurence J. Kotlikoff and published by MIT Press. This book was released on 2001-06-22 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays, coauthored with other distinguished economists, offers new perspectives on saving, intergenerational economic ties, retirement planning, and the distribution of wealth. The book links life-cycle microeconomic behavior to important macroeconomic outcomes, including the roughly 50 percent postwar decline in America's rate of saving and its increasing wealth inequality. The book traces these outcomes to the government's five-decade-long policy of transferring, in the form of annuities, ever larger sums from young savers to old spenders. The book presents new theoretical and empirical analyses of altruism that rule out the possibility that private intergenerational transfers have offset those by the government.While rational life-cycle behavior can explain broad economic outcomes, the book also shows that a significant minority of households fail to make coherent life-cycle saving and insurance decisions. These mistakes are compounded by reliance on conventional financial planning tools, which the book compares with Economic Security Planner (ESPlanner), a new life-cycle financial planning software program. The application of ESPlanner to U.S. data indicates that most Americans approaching retirement age are saving at much lower rates than they should be, given potential major cuts in Social Security benefits.

The Economics of Reciprocity, Giving and Altruism

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Publisher : Springer
ISBN 13 : 1349627453
Total Pages : 392 pages
Book Rating : 4.3/5 (496 download)

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Book Synopsis The Economics of Reciprocity, Giving and Altruism by : NA NA

Download or read book The Economics of Reciprocity, Giving and Altruism written by NA NA and published by Springer. This book was released on 2019-06-12 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reciprocity is a pervasive type of social interaction in encounters, groups and organizations. This volume gathers basic recent works in its main domains such as the theory of reciprocity, the public economics of transfers, the economics of the family, charities, gifts of organs, or the motivations for gift-giving. The book constitutes a landmark in this rapidly expanding field of research.

Understanding Consumption

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Publisher : Clarendon Press
ISBN 13 : 0191521639
Total Pages : 256 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis Understanding Consumption by : Angus Deaton

Download or read book Understanding Consumption written by Angus Deaton and published by Clarendon Press. This book was released on 1992-10-08 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the recent research on saving and consumption, a field in which substantial progress has been made over the last decade. Attempts by economists to understand saving and consumption patterns have generated some of the best science in economics. For more than fifty years, there has been serious empirical and theoretical activity, and data, theory, and policy have never been separated as has happened in many branches of economics. Research has drawn microeconomists interested in household behaviour, as well as macroeconomists, for whom the behaviour of aggregate consumption has always occupied a central role in explaining aggregate fluctuations. Econometricians have also made distinguished contributions, and there has been a steady flow of new methodologies by those working on saving and consumption, in time-series econometrics, as well as in the study of micro and panel data. A coherent account of these developments is presented here, emphasizing the interplay between micro and the macro, between studies of cross-section and panels, and those using aggregate time series data.

Understanding Saving

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Publisher : MIT Press
ISBN 13 : 9780262082556
Total Pages : 532 pages
Book Rating : 4.0/5 (825 download)

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Book Synopsis Understanding Saving by : Fumio Hayashi

Download or read book Understanding Saving written by Fumio Hayashi and published by MIT Press. This book was released on 1997 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis of consumption and saving decisions by households has always been one of the most active areas of research in economics--and with good reason. Private consumption is the most important component of aggregate demand in a capitalist economy, and explaining consumption is the key element in most macroeconomic forecasting models. To evaluate the effect of government policies invariably requires the knowledge of how they change parameters relevant for household decision making. Understanding Saving collects eleven papers by economist Fumio Hayashi, along with two previously unpublished chapters, for a total of thirteen chapters. The monograph, which brings together Hayashi's empirical research on saving, is divided into three sections. Part I, "Liquidity Constraints", contains five studies that test the well-known implication of the Life Cycle-Permanent Income hypothesis that households shield consumption from income fluctuations. Part II, "Risk-Sharing and Altruism", contains three papers that examine the interactions between related and unrelated households predicted by the hypothesis for the US and Japanese households. The three papers in Part III, "Japanese Saving Behavior", present the author's explanation of the high saving rate in postwar Japan.

Handbook of Development Economics

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Publisher : Elsevier
ISBN 13 : 9780444823014
Total Pages : 784 pages
Book Rating : 4.8/5 (23 download)

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Book Synopsis Handbook of Development Economics by : Hollis Burnley Chenery

Download or read book Handbook of Development Economics written by Hollis Burnley Chenery and published by Elsevier. This book was released on 1988 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbooks of development economics/ edit. Chenery.-v.1.

Handbook of the Equity Risk Premium

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Publisher : Elsevier
ISBN 13 : 0080555853
Total Pages : 635 pages
Book Rating : 4.0/5 (85 download)

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Book Synopsis Handbook of the Equity Risk Premium by : Rajnish Mehra

Download or read book Handbook of the Equity Risk Premium written by Rajnish Mehra and published by Elsevier. This book was released on 2011-08-11 with total page 635 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited by Rajnish Mehra, this volume focuses on the equity risk premium puzzle, a term coined by Mehra and Prescott in 1985 which encompasses a number of empirical regularities in the prices of capital assets that are at odds with the predictions of standard economic theory.

Readings in Development Microeconomics

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Publisher : MIT Press
ISBN 13 : 9780262522830
Total Pages : 470 pages
Book Rating : 4.5/5 (228 download)

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Book Synopsis Readings in Development Microeconomics by : Pranab K. Bardhan

Download or read book Readings in Development Microeconomics written by Pranab K. Bardhan and published by MIT Press. This book was released on 2000 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume II of this two-volume set focuses on empirical work.

Rural Poverty, Risk and Development

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781781950685
Total Pages : 276 pages
Book Rating : 4.9/5 (56 download)

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Book Synopsis Rural Poverty, Risk and Development by : Marcel Fafchamps

Download or read book Rural Poverty, Risk and Development written by Marcel Fafchamps and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the relationships between rural poverty, risk, and development. Building upon the author's work in the area, it summarises the contributions of recent theoretical and empirical work to our understanding of how risk affects rural poverty levels in developing countries. In particular the book examines what we do and do not know about risk coping strategies among today's poor rural societies. Ways in which these strategies may be re-examined and improved by governments and international organisations are proposed.

Do the Poor Insure?

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4./5 ( download)

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Book Synopsis Do the Poor Insure? by : Harold Alderman

Download or read book Do the Poor Insure? written by Harold Alderman and published by World Bank Publications. This book was released on 1992 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Formal tests of perfect consumption-smoothing do not provide convincing evidence that such patterns are prevalent in village economies. Nevertheless, most individuals appear to have appreciable ability to mitigate income fluctuations.

Economics in a Changing World

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Publisher : Springer
ISBN 13 : 1349234583
Total Pages : 323 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis Economics in a Changing World by : Edmar L. Bacha

Download or read book Economics in a Changing World written by Edmar L. Bacha and published by Springer. This book was released on 2016-07-27 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is Volume 4 of the Proceedings of the 10th World Economic Congress held in Moscow in 1992 under the auspices of the International Economic Association. It considers various aspects of economic policy and development and issues in developing countries of domestic economic management and policy reform, under conditions of increased economic openness.

Center Discussion Paper

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Publisher :
ISBN 13 :
Total Pages : 726 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Center Discussion Paper by :

Download or read book Center Discussion Paper written by and published by . This book was released on 1992 with total page 726 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Origins of Altruism and Cooperation

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Publisher : Springer Science & Business Media
ISBN 13 : 144199520X
Total Pages : 433 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Origins of Altruism and Cooperation by : Robert W. Sussman

Download or read book Origins of Altruism and Cooperation written by Robert W. Sussman and published by Springer Science & Business Media. This book was released on 2011-08-02 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about the evolution and nature of cooperation and altruism in social-living animals, focusing especially on non-human primates and on humans. Although cooperation and altruism are often thought of as ways to attenuate competition and aggression within groups, or are related to the action of “selfish genes”, there is increasing evidence that these behaviors are the result of biological mechanisms that have developed through natural selection in group-living species. This evidence leads to the conclusion that cooperative and altruistic behavior are not just by-products of competition but are rather the glue that underlies the ability for primates and humans to live in groups. The anthropological, primatological, paleontological, behavioral, neurobiological, and psychological evidence provided in this book gives a more optimistic view of human nature than the more popular, conventional view of humans being naturally and basically aggressive and warlike. Although competition and aggression are recognized as an important part of the non-human primate and human behavioral repertoire, the evidence from these fields indicates that cooperation and altruism may represent the more typical, “normal”, and healthy behavioral pattern. The book is intended both for the general reader and also for students at a variety of levels (graduate and undergraduate): it aims to provide a compact, accessible, and up-to-date account of the current scholarly advances and debates in this field of study, and it is designed to be used in teaching and in discussion groups. The book derived from a conference sponsored by N.S.F., the Wenner-Gren Foundation for Anthropological Research, the Washington University Committee for Ethics and Human Values, and the Anthropedia Foundation for the study of well-being.

Older and Active

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Publisher : Yale University Press
ISBN 13 : 9780300063264
Total Pages : 332 pages
Book Rating : 4.0/5 (632 download)

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Book Synopsis Older and Active by : Americans Over 55 at Work Program (Commonwealth Fund)

Download or read book Older and Active written by Americans Over 55 at Work Program (Commonwealth Fund) and published by Yale University Press. This book was released on 1995-01-01 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Older people in the United States are living longer, staying healthier, and leaving the labor force earlier than ever before. They have leisure time and are willing, able, and qualified to be productive members of society. This book focuses on the contributions that many older people can and do make and the policy changes that are necessary to harness this productive capacity--for the good of the country and for the good of the individuals involved. The contributors to this book--experts in economics, sociology, political science, social welfare, and policy studies--have drawn on new data from a survey of 2,999 Americans aged 55 and older conducted by Louis Harris Associates for The Commonwealth Fund. One chapter also analyzes results from a cross-national survey of 900 people aged 65 and older in the United States, Canada, the United Kingdom, West Germany, and Japan. According to the findings, three out of four older Americans are actively engaged in working for pay, volunteering for organizations, caring for sick or disabled relatives or friends, or helping their children or grandchildren. Many are involved in several of these activities. The book thus corrects the stereotypes of seniors as affluent retirees or frail dependents, providing a more accurate description of older people's interests and activities. It also assesses the economic value of their productivity and recommends ways to facilitate their involvement in the work force. Copublished with The Commonwealth Fund

Discussion Paper

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Publisher :
ISBN 13 :
Total Pages : 332 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Discussion Paper by :

Download or read book Discussion Paper written by and published by . This book was released on 1995-05 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Working Paper

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Working Paper by :

Download or read book Working Paper written by and published by . This book was released on 1994 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Working Paper Series

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Publisher :
ISBN 13 :
Total Pages : 584 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Working Paper Series by :

Download or read book Working Paper Series written by and published by . This book was released on 1994 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: