Browsing Department of Economics by Subject "JEL Classification Number: E21"

Now showing items 1-4 of 4

    • Intergenerational Intermediation and Altruistic Preferences 
      Eden, Benjamin (Vanderbilt University, 2011)
      The paper analyzes the intermediation role of government under the assumption that it has an advantage over the private sector in collecting uncollateralized loan payments. It isshown that a government loan program may ...
    • Overconfidence and Consumption over the Life Cycle' 
      Caliendo, Frank; Huang, Kevin X.D. (Vanderbilt University, 2007)
      Overconfidence is a widely documented phenomenon. In this paper, we study the implications of consumer overconfidence in a life-cycle consumption/saving model. Our main analytical result is a necessary and sufficient ...
    • Rationalizing Seven Consumption-Saving Puzzles in a Unified Framework' 
      Huang, Kevin X.D.; Caliendo, Frank (Vanderbilt University, 2007)
      Empirical evidence suggests that it may cost time, effort, and resources to properly implement a saving plan, though such cost may differ across individual consumers. We document seven facts on macroeconomic consumption ...
    • Temptation and Self-Control: Some Evidence and Applications 
      Huang, Kevin X.D.; Liu, Zheng; Zhu, John Q. (Vanderbilt University, 2007)
      This paper studies the empirical relevance of temptation and self-control using household-level data from the Consumer Expenditure Survey. We construct an infinite-horizon consumption-savings model that allows, but does ...