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Heterogeneous households in a sticky-price model [PDF]
, 2009 This paper introduces heterogeneous households into an otherwise standard sticky-price model with industry-specific labor markets. Households differ in labor incomes and asset markets are incomplete. I show that household heterogeneity affects equilibrium dynamics nontrivially by amplifying price stickiness endogenously through wealth effects on labor ...
Lee, Jae Won
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Heterogeneous households» intertemporal characteristics and the aggregation problem
Research in Economics, 1998zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Inflation Heterogeneity at the Household Level
SSRN Electronic Journal, 2023Inflation affects the purchasing power of households. This paper documents large, idiosyncratic inflation differences between households in their everyday shopping. Low-income households have experienced higher inflation in the last ten years, but the difference for richer households has been small and time varying.
Georg H. Strasser +3 more
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Consumer Boycott, Household Heterogeneity and Child Labour [PDF]
SSRN Electronic Journal, 2010 Consumer boycott campaigns against goods that are produced using child labor are becoming increasingly popular. Yet there is still no consensus on which are the effects of such type of activism on child labor in developing countries. In fact, if some agreement is to be found in the recent economic literature, it is that the boycott does not reduce ...
DI MAIO, Michele, FABBRI, Giorgio
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Inflation Heterogeneity Across Households
SSRN Electronic JournalThis paper studies the nature, evolution, and sources of inflation heterogeneity across households in France and Germany. Inflation differences are large and persistent. The two main sources of inflation heterogeneity are spatial differences in the prices paid for the same product and differences in the household-specific variety choice within a ...
Kiss, Regina, Strasser, Georg
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Gorman Heterogeneous Households
2013This chapter describes methods for computing equilibria of economies with consumers who have heterogeneous preferences and endowments. It adopts simplifications that facilitate coping with heterogeneity. In the present chapter, consumers differ only with respect to their endowments and the processes {bt} that disturb their preferences.
Lars Peter Hansen, Thomas J. Sargent
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Intra-Household Heterogeneity and Targeting
SSRN Electronic Journal, 2015Using a dataset in which we observe the specific individuals in a household making choices, we study differences in purchase behaviors within and across households in five grocery categories. We develop a choice model that recovers utility parameters from individuals’ choices while allowing for the behavior of individuals from the same household to be ...
Hernan Alejandro Bruno +2 more
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The Heterogeneous Effects of Household Debt Relief
SSRN Electronic JournalLarge-scale debt forbearance is a key policy tool during crises, yet targeting is challenging due to information asymmetries. Using transaction-level data from a Portuguese bank during COVID-19, we find that financially fragile households are more likely to enter forbearance, irrespective of income shocks.
Adelino, Manuel +2 more
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Household Heterogeneity and the Performance of Monetary Policy Frameworks
2022Même si le ciblage de l’inflation a maintenu l’inflation à un niveau bas et stable au cours des dernières décennies, deux grandes tendances persistantes nous ont amenés à en comparer les résultats avec ceux d’autres cadres de politique monétaire. D’une part, les taux d’intérêt suivent une trajectoire à la baisse constante, ce qui pourrait accroître la ...
Reza, Abeer +3 more
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Growth with Heterogeneous Households
2006One dominant view on the interplay between growth and inequality holds that income inequality promotes saving and therefore promotes development. This opinion is closely related to the view that saving is the engine of growth. Lewis (1954: 156–57) expounds this view as follows: We are interested not in the people in general, but only say in the 10 ...
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