Tag
wealth_effects
5 findings
Economics (general)Asymmetric Wealth Effect of Subsidized Index ContractsOverall insurance take-up reached 42%. In non-payout villages, labor participation differences between insured and uninsured workers were statistically zero (p > 0.10, point estimate -4.6 days), whereas in payout villages, insurance payouts (Rs. 300 to Rs. 1,200) reduced labor participation by 28.5 percentage points and days worked by 15.44 days.RCTLabour & employmentMarginal Propensity to Earn Out of WealthWinning a lottery prize reduces annual pre-tax earnings by approximately 1.066% of the prize amount per year (p < 0.001); a 1 million SEK windfall reduces pre-tax earnings by 10,660 SEK per year (5.5% of sample average) and after-tax earnings by 0.576% per year; calibrated dynamic models yield a lifetime marginal propensity to earn (MPE) ranging from -0.17 at age 20 to -0.04 at age 60.RCTLabour & employmentScale Invariance of Marginal Labor Supply EffectsEstimated marginal effects per unit of wealth are statistically indistinguishable across small, moderate, and large lottery prizes, rejecting hypotheses that fixed adjustment costs suppress labor supply responses to moderate wealth windfalls.RCTFinance & microfinanceSelf-Insurance Wealth SubstitutionIncome per household member is negatively and significantly correlated with actual insurance uptake (probit marginal effect = -0.0000208, p < 0.10), controlling for vouchers and asset holdings.Observational StudyDevelopmentWealth-Independent Insurance-Induced Risk-TakingInteracting the insurance treatment with landholdings or the principal component wealth index yielded statistically insignificant interaction coefficients for cash crop investment probability, cash crop expenditure, and cash crop cultivated area.RCT