NSND

New Strategies and New Data to Test Intertemporal Consumer and Firm Behavior

Coordinatore	Istituto Einaudi per l'Economia e la Finanza    more Spiacenti, non ci sono informazioni su questo coordinatore. Contattare Fabio per maggiori infomrazioni, grazie.
Nazionalità Coordinatore	Italy [IT]
Totale costo	1˙480˙022 €
EC contributo	1˙480˙022 €
Programma	FP7-IDEAS-ERC Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013)
Code Call	ERC-2011-StG_20101124
Funding Scheme	ERC-SG
Anno di inizio	2011
Periodo (anno-mese-giorno)	2011-12-01   -   2016-11-30

 Partecipanti

#	participant	country	role	EC contrib. [€]
1	Istituto Einaudi per l'Economia e la Finanza  Organization address address: via sallustiana 62 city: ROMA postcode: 187 contact info Titolo: Dr. Nome: Luigi Cognome: Pistaferri Email: send email Telefono: +39 06 6790013 Fax: +39 06 47924872	IT (ROMA)	hostInstitution	1˙480˙022.00
2	Istituto Einaudi per l'Economia e la Finanza  Organization address address: via sallustiana 62 city: ROMA postcode: 187 contact info Titolo: Prof. Nome: Marco Cognome: Pagano Email: send email Telefono: +39 06 4792 4695 Fax: +39 06 4792 4872	IT (ROMA)	hostInstitution	1˙480˙022.00

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 Obiettivo del progetto (Objective)

'Whenever markets fail to offer perfect insurance possibilities, consumers and firms, separately or jointly, will develop ways to reduce their intertemporal exposure to risk. The goal of this proposal is to use new empirical strategies and newly available microeconomic data to understand the behavioral, organizational, and contractual responses to uncertainty by consumers and firms, to describe their logic, to assess their effectiveness and their potential drawbacks. The proposal is composed of six lines of work. The first tests whether consumption responds to permanent shocks using exogenous firm closure as a proxy for permanent shocks. The second studies consumption insurance in the presence of family labor supply allowing for non-separable preferences. The third studies the importance of peer effects on consumption using a better definition of peers (co-workers) and an identification strategy robust to the reflection problem. The fourth project evaluates the behavioral effects of introducing lifetime limits on welfare use. Several European countries are contemplating introducing such limits and hence this research is timely. The fifth project is on climate volatility changes and farmers’ precautionary behavior (with particular reference to developing country). The theory of precautionary behavior suggests that farmers should respond to increase weather volatility by adopting procedures that reduce their exposure to its increased riskiness. Do we observe such behavior emerging in practice? The sixth and final last set of projects will use longitudinal employer-employee data to address questions regarding what happens within the “black box” of a firm. For example, do firms shape intertemporal wage contract to redistribute payment to production factors over time? Does workforce diversity affect firm productivity?'