کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7369946 1479426 2015 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Unsticking the flypaper effect in an uncertain world
ترجمه فارسی عنوان
بازتاب اثر کاغذی در یک جهان نامشخص
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
We provide a novel explanation for the flypaper effect based on insurance arguments. In our model, the flypaper effect arises due to the differential response of precautionary savings to private income or fiscal transfers shocks in an uncertain world with incomplete markets. The model generates two testable implications: (i) the flypaper effect is a decreasing function of the correlation between fiscal transfers and private income, and (ii) such relationship is stronger the higher is the volatility of fiscal transfers and/or private income. An empirical analysis of Argentinean provinces for the period 1963-2006 finds strong support for the model's implications.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Public Economics - Volume 131, November 2015, Pages 142-155
نویسندگان
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