M Stephens Jr - 2001 - nber.org
This paper examines the effect of a husband's job loss on the labor supply of his wife, an
effect known as the'added worker'effect. Unlike past added worker effect studies which focus
on the effect of the husband's current unemployment status, this paper analyzes the wife's ...
KK Charles… - 2001 - nber.org
This paper examines how job displacement and physical disability suffered by a spouse
affects the probability that the person's marriage ends in divorce. According to the standard
economic model of marriage, the arrival of new information about a partner's earning ...
M Stephens Jr - Review of Economics and Statistics, 2001 - JSTOR
Although prior studies of job displacement and disability have measured the impact of these
shocks in terms of lost earnings, no previous research has linked these permanent earnings
shocks to the long-run consumption smoothing behavior of these households. Because ...
M Stephens Jr - 2002 - nber.org
This paper examines the response of consumption expenditures to the monthly receipt of
Social Security checks. Since the amount and arrival date of these checks are known to the
recipients, the basic Life-Cycle/Permanent Income Hypothesis (LCPIH) predicts that ...
S Haider… - 2004 - nber.org
Previous research finds a systematic decrease in consumption at retirement, a finding that is
inconsistent with the Life-Cycle/Permanent Income Hypothesis if retirement is an expected
event. In this paper, we use workers' subjective beliefs about their retirement dates as an ...
M Stephens Jr - Review of Economics and statistics, 2004 - MIT Press
Although the theoretical importance of expectations in decision-making is well known to
economists, only a few empirical papers investigate the impact of individual subjective
expectations on economic outcomes. This paper examines the link between expectations ...
M Stephens Jr - The Review of Economics and Statistics, 2008 - MIT Press
Abstract Although the life cycle/permanent income hypothesis is the primary framework for
understanding household consumption and savings decisions, only a few studies have used
clearly identifiable income changes to test the basic predictions of the model. The ...
M Stephens Jr… - 2001 - nber.org
The income tax system in the United Kingdom moved from joint to independent taxation of
husbands' and wives' income in 1990. One interesting aspect of independent taxation is the
ability for households to choose the division of household assets between the two ...
M Stephens Jr - The Economic Journal, 2006 - Wiley Online Library
This article examines the consumption response to monthly paycheque receipt. Since the
amount and arrival date of paycheques are known in advance, the receipt of a paycheque
does not coincide with the receipt of new information. Under the basic rational ...
KK Charles… - Journal of Law and Economics, 2006 - JSTOR
Abstract We assess whether adolescents who faced a higher risk of having been aborted
are more likely to use controlled substances. We find that adolescents born in states that
legalized abortion before national legalization in 1973, during the years when only those ...
KK Charles, E Hurst… - The American Economic Review, 2008 - JSTOR
A household's vehicle purchases are among its largest expenditure outlays. Moreover,
unlike housing purchases, which a typical household may make once or twice over a
lifetime, a house? hold may well buy several cars over the same interval. The magnitude ...
M Stephens Jr - 2002 - nber.org
This paper examines the consumption response to monthly paycheck receipt. Since the
amount and arrival date of paychecks are known in advance, the receipt of a paycheck does
not coincide with the receipt of new information. Under the basic rational expectations Life ...
[CITATION] Is there a retirement-consumption puzzle?
S Haider… - 2004
M Stephens Jr - 2003 - nber.org
Whether households smooth'consumption in response to predictable changes in income is
an open and contentious question. This paper examines the consumption reaction to
predictable increases in discretionary income following the final payment of a vehicle loan ...
KK Charles… - 2002 - nber.org
We assess whether in utero exposure to legalized abortion in the early 1970's affected
individuals' propensities to use controlled substances as adolescents. We exploit the fact
that some states legalized abortion before national legalization in 1973 to compare ...
B Daponte… - Joint Center for Poverty …, 2004 - harrisschool.uchicago.edu
Abstract The research presented examines household food spending relative to households
need for food and the relationship between food expenditures and measures of food
security. Using data from the Current Population Survey and the Consumer Expenditure ...
A Cook, M Gaynor, M Stephens Jr… - 2010 - nber.org
Hospitals are currently under pressure to control the cost of medical care, while at the same
time improving patient health outcomes. These twin concerns are at play in an important and
contentious decision facing hospitals—choosing appropriate nurse staffing levels. ...
K Charles, E Hurst… - 2006 - faculty.chicagobooth.edu
Abstract During the last few years there have been many claims of differential treatment of
minorities in the vehicle lending market-primarily among vehicle finance companies. In this
paper, we use data from the Survey of Consumer Finances to analyze racial differences in ...
[CITATION] Local Labor Market Shocks and Voter Turnout: The Role of Political Attentiveness
KK Charles… - 2009 - mimeo
M Stephens Jr… - 2008 - cbpp.illinois.edu
Abstract Recent research finds that households do not “smooth” consumption between
regular income receipts such as paychecks and government transfers. We examine whether
the consumption response to such income payments is affected by the frequency at which ...
[CITATION] Agency Theories of Pension Coverage: A Test Using Defined Benefit and Defined Contribution Plans
M Stephens - University of Michigan Dissertation, 1999
S Haider… - 2008 - papers.ssrn.com
Abstract: This paper examines the ability of workers nearing retirement to report their
expected retirement savings, where retirement savings refers to funds held in savings,
checking, and investment-type accounts. Responding to such a question is likely to be ...
M Stephens… - … Research Working Paper No. 2003-15, 2003 - papers.ssrn.com
Abstract: Previous research finds a systematic fall in consumption at retirement, even when
these retirements are expected, which implies households do not behave as predicted by
the lifecycle/permanent income hypothesis. However, the worker's expected date of ...
[CITATION] Jr, 2002,“Worker Displacement and the Added Worker Effect “
M Stephens - Journal of Labor Economics
KK Charles… - 2006 - nber.org
We study how the level and composition of household expenditures changes over the
business cycle for households at different positions in the income distribution. Using data
from the Consumer Expenditure Survey, we find that transitory, state-specific increases in ...
M Stephens Jr… - 2010 - nber.org
Japanese public pension benefits, which were distributed quarterly through February 1990
and every other month since then, induce substantial but predictable income fluctuations.
The relative magnitude of the payments combined with the delay between payments ...
EL Krupka, M Stephens Jr, H Kunreuther… - 2009 - www-personal.umich.edu
Abstract: Using a longitudinal dataset, we examine the stability over time of individual
discount rates elicited using hypothetical choices. We find that, contrary to the assumption
that these subjective discount rates elicit a time-invariant rate of time preference, these ...
[CITATION] forthcoming. Is there a retirement-consumption puzzle? Evidence Using Subjective Retirement Expectations
SJ Haider… - Review of Economics and Statistics
M Stephens… - Journal of the Japanese and International …, 2011 - Elsevier
Using monthly data from the Japanese Family Income and Expenditure Survey, we examine
the impact of retirement on household consumption. We find little evidence of an immediate
change in consumption at retirement, on average, in Japan. However, we find a decrease ...
[CITATION] Subjective Discount Rates and Household Behavior
EL Krupka… - 2006
KK Charles… - 2011 - nber.org
This paper argues that, since activities that provide political information are complementary
with leisure, increased labor market activity should lower turnout, but should do so least in
prominent elections where information is ubiquitous. Using official county-level voting data ...
KK Charles… - Ann Arbor, 2002 - stanford.edu
Abstract This paper examines how job displacement and physical disability suffered by a
spouse affects the probability that the person's marriage ends in divorce. According to the
standard economic model of marriage, the arrival of new information about a partner's ...
M Stephens - The BE Journal of Economic Analysis & Policy, 2007 - degruyter.com
This paper re-examines the labor supply responses in the Seattle and Denver Income
Maintenance Experiments (SIME/DIME). Specifically, the original experimental results show
a significantly larger labor supply response for men and women from dual-headed ...
M Stephens… - 2006 - Citeseer
Abstract While numerous papers use a variety of methods to elicit individual subjective
discount rates, only a few studies directly explore the validity of this hypothetical choice
format. Using a longitudinal dataset of over 4,800 households, we first examine the ...
A Cook, M Gaynor, M Stephens Jr… - 2012 - bristol.ac.uk
Abstract We evaluate the impact of California Assembly Bill 394, which mandated maximum
levels of patients per nurse in the hospital setting. When the law was passed, some hospitals
already met the requirements, while others did not. Thus changes in staffing ratios from ...
MA Rangel, J Ermisch, M Francesconi… - The Economic …, 2006 - res.org.uk
Can family policy affect well-being of individuals without altering the resources available to
their families? This article examines the extension of alimony rights and obligations to
cohabiting couples in Brazil. For women in intact relationships, alimony rights upon ...
[CITATION] Job Loss Expectations, Realizations
M Stephens Jr - 2001
Y Kinoshita, A Shevchenko, B Caillaud, A Bequest… - Cambridge Univ Press
Page 1. KEYWORD INDEX This section contains an index of cun-ent working papers
by author-supplied keyword. The keyword is followed by the name of the primary
author. Long keywords have been truncated. A complete ...
[CITATION] The Nameless River: Or, The Story of a Volunteer
MF Stephens - 1869 - Daily journal steam presses
M Stephens Jr… - eu-tokyo.ac.jp
Abstract A reconciliation of recent disparate results in the literature that examines whether
household consumption is sensitive to predictable income changes is that behavior
becomes consistent with the model as the utility loss from not doing so increases. In this ...
M Stephens Jr - papers.ssrn.com
Abstract: This paper examines the consumption response to the 1972 Social Security benefit
increase. Nominal benefits were increased by 20 percent while annual cost of living
adjustments (COLAs) were contemporaneously implemented and scheduled to begin in ...
KK Charles… - liberalarts.iupui.edu
Abstract We extend existing models of information and voting to predict that greater labor
market activity lowers time devoted to accessing political information, leaves voters less
informed, and thus reduces the likelihood of voting. These effects should be larger for less ...
S Melvin - Economic Journal, 2006 - ideas.repec.org
This article examines the consumption response to monthly paycheque receipt. Since the
amount and arrival date of paycheques are known in advance, the receipt of a paycheque
does not coincide with the receipt of new information. Under the basic rational ...
[CITATION] CREDIT REPORTS, IDENTITY THEFT, AND FINANCIAL PRIVACY: US CONSUMERS'RESPONSE TO FACTA
M Stephens - 2011 - books.google.com
\ I 4 I 1 Black Women Have Lost Their Minds. A's2># By Melvin Step/zms ... Black Women Have
Lost Their Minds iQ..@-E'-» By elvin Steib/zenx ... Black Women Have Lost Their Minds! by Melvin
Stephens Copyright 2011 Melvin Stephens, All rights reserved. Published in eBook ...
B Osborne… - Working Papers, 2004 - ideas.repec.org
The research presented examines household food spending relative to households need for
food and the relationship between food expenditures and measures of food security. Using
data from the Current Population Survey and the Consumer Expenditure Survey, we find ...
EL Krupka… - 2011 - ekrupka.people.si.umich.edu
Abstract: We use a panel dataset to test the stability of measured discount rates over time in
response to changes in both macroeconomic events and household-level labor market
outcomes. While discount rate measures are constructed to capture a rate of time ...
K Charles… - 2006 - papers.ssrn.com
Abstract: We study how the level and composition of household expenditures changes over
the business cycle for households at different positions in the income distribution. Using data
from the Consumer Expenditure Survey, we find that transitory, state-specific increases in ...
M Stephens - The Explicator, 1976 - Taylor & Francis
Hamlet's wordless visit to Ophelia as she sat sewing (Hamlet 11. i. 77-100) is dis-cussed by
Francis Berry in The Shakespeare Inset..., pp. 7-9, who argues convincingly that her
narrative is more effective dramatically than presentation of the incident on stage, for the ...
KK Charles… - aida.econ.yale.edu
Abstract Using county level data from 1969-200 and various OLS and TSLS models, we find
that increases in local per capita earnings and employment lowers voter turnout in
gubernatorial and Senate elections but has not effect on Presidential turnout. We present ...
M Stephens - 1998 - elibrary.ru
This dissertation contains essays which examine two aspects of the labor market that have
undergone rapid changes in recent years. With dramatic increases in the fraction of workers
having defined contribution pensions as their primary source of pension coverage, it is ...
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