The study investigates the association between tobacco and alcohol use, and the potential risk of impoverishment from borrowing and distress selling of assets for meeting costs of hospitalization in India. Data from the fifty-second round of the National Sample Survey, a representative survey of 120,942 households across India, were used to investigate the likelihood and the levels of borrowing...

Using data from the 1998 Survey of Consumer Finances (SCF), this paper estimates homeownership rates that would prevail in the United States if borrowing constraints were eliminated. These estimates are obtained by first identifying a group of unconstrained households in the SCF based on a unique set of survey questions. Housing tenure preferences are then estimated over unconstrained household...

In this paper, we consider mood selection in embedded clauses by focusing on a German-based minority language, Cimbrian, which is spoken northern Italian enclave. Mood Cimbrian relies the presence of two different complementizers, az and ke (the latter being borrowed from Romance varieties), each selectively require specific mood. Az selects subjunctive modal sentences introduced non-factive ve...

A continuous-time sequential job search model with savings and CARA preferences is solved analytically without resorting to unlimited borrowing and real-valued consumption. I isolate the effects of limited borrowing and nonnegative consumption as well as risk-aversion on the reservation wage by using a system of ordinary differential equations.