Matches in SemOpenAlex for { <https://semopenalex.org/work/W1563513280> ?p ?o ?g. }
Showing items 1 to 91 of
91
with 100 items per page.
- W1563513280 abstract "In this paper we study the transmission of income shocks into nondurable consumption in the presence of durable goods. We use a standard a life-cycle model with two goods to characterize the interaction of durability of goods, durability of shocks, and borrowing constraints as determinants of shock transmission. We show that borrowing constraints lead to a substitution between durable and non-durable goods upon arrival of an unexpected income change. This substitution biases the conventional measures of insurance based on the response of non-durable consumption to income changes. The sign of this bias depends critically on the persistence of the shock. We show that households have less insurance against transitory shocks and more insurance against permanent shocks than commonly measured. We calibrate the model economy to the US in order to measure the size of this bias." @default.
- W1563513280 created "2016-06-24" @default.
- W1563513280 creator A5051835059 @default.
- W1563513280 creator A5057046921 @default.
- W1563513280 date "2012-07-01" @default.
- W1563513280 modified "2023-09-26" @default.
- W1563513280 title "Durable Goods, Borrowing Constraints and Consumption Insurance" @default.
- W1563513280 cites W1493652738 @default.
- W1563513280 cites W1513893007 @default.
- W1563513280 cites W1990555690 @default.
- W1563513280 cites W2018839332 @default.
- W1563513280 cites W2083158139 @default.
- W1563513280 cites W2088962682 @default.
- W1563513280 cites W2090457022 @default.
- W1563513280 cites W2121728159 @default.
- W1563513280 cites W2138238248 @default.
- W1563513280 cites W3122997656 @default.
- W1563513280 cites W3123269746 @default.
- W1563513280 cites W3123305211 @default.
- W1563513280 cites W3125423961 @default.
- W1563513280 cites W3126022719 @default.
- W1563513280 cites W3126126674 @default.
- W1563513280 hasPublicationYear "2012" @default.
- W1563513280 type Work @default.
- W1563513280 sameAs 1563513280 @default.
- W1563513280 citedByCount "1" @default.
- W1563513280 countsByYear W15635132802014 @default.
- W1563513280 crossrefType "posted-content" @default.
- W1563513280 hasAuthorship W1563513280A5051835059 @default.
- W1563513280 hasAuthorship W1563513280A5057046921 @default.
- W1563513280 hasConcept C10138342 @default.
- W1563513280 hasConcept C126322002 @default.
- W1563513280 hasConcept C144024400 @default.
- W1563513280 hasConcept C149782125 @default.
- W1563513280 hasConcept C162324750 @default.
- W1563513280 hasConcept C175444787 @default.
- W1563513280 hasConcept C182306322 @default.
- W1563513280 hasConcept C183582576 @default.
- W1563513280 hasConcept C194425066 @default.
- W1563513280 hasConcept C199360897 @default.
- W1563513280 hasConcept C2778220771 @default.
- W1563513280 hasConcept C2781300812 @default.
- W1563513280 hasConcept C30772137 @default.
- W1563513280 hasConcept C36289849 @default.
- W1563513280 hasConcept C41008148 @default.
- W1563513280 hasConcept C556758197 @default.
- W1563513280 hasConcept C61933577 @default.
- W1563513280 hasConcept C71924100 @default.
- W1563513280 hasConceptScore W1563513280C10138342 @default.
- W1563513280 hasConceptScore W1563513280C126322002 @default.
- W1563513280 hasConceptScore W1563513280C144024400 @default.
- W1563513280 hasConceptScore W1563513280C149782125 @default.
- W1563513280 hasConceptScore W1563513280C162324750 @default.
- W1563513280 hasConceptScore W1563513280C175444787 @default.
- W1563513280 hasConceptScore W1563513280C182306322 @default.
- W1563513280 hasConceptScore W1563513280C183582576 @default.
- W1563513280 hasConceptScore W1563513280C194425066 @default.
- W1563513280 hasConceptScore W1563513280C199360897 @default.
- W1563513280 hasConceptScore W1563513280C2778220771 @default.
- W1563513280 hasConceptScore W1563513280C2781300812 @default.
- W1563513280 hasConceptScore W1563513280C30772137 @default.
- W1563513280 hasConceptScore W1563513280C36289849 @default.
- W1563513280 hasConceptScore W1563513280C41008148 @default.
- W1563513280 hasConceptScore W1563513280C556758197 @default.
- W1563513280 hasConceptScore W1563513280C61933577 @default.
- W1563513280 hasConceptScore W1563513280C71924100 @default.
- W1563513280 hasOpenAccess W1563513280 @default.
- W1563513280 hasRelatedWork W1510569945 @default.
- W1563513280 hasRelatedWork W1550036108 @default.
- W1563513280 hasRelatedWork W1557656948 @default.
- W1563513280 hasRelatedWork W2018839332 @default.
- W1563513280 hasRelatedWork W2046772571 @default.
- W1563513280 hasRelatedWork W2085553530 @default.
- W1563513280 hasRelatedWork W2123664794 @default.
- W1563513280 hasRelatedWork W2129622334 @default.
- W1563513280 hasRelatedWork W2136394371 @default.
- W1563513280 hasRelatedWork W2149770845 @default.
- W1563513280 hasRelatedWork W2243430689 @default.
- W1563513280 hasRelatedWork W2338395779 @default.
- W1563513280 hasRelatedWork W3002121160 @default.
- W1563513280 hasRelatedWork W3121955647 @default.
- W1563513280 hasRelatedWork W3122142657 @default.
- W1563513280 hasRelatedWork W3124025487 @default.
- W1563513280 hasRelatedWork W3124096213 @default.
- W1563513280 hasRelatedWork W3125679336 @default.
- W1563513280 hasRelatedWork W3159750594 @default.
- W1563513280 hasRelatedWork W3121592795 @default.
- W1563513280 isParatext "false" @default.
- W1563513280 isRetracted "false" @default.
- W1563513280 magId "1563513280" @default.
- W1563513280 workType "article" @default.