Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount factors for households and compare these estimates of their...

Due to the increasing interest in several markets in life annuity products with a guaranteed periodic benefit, the back-side effects of some features that may prove to be critical either for the provider or the customer should be better understood. In this research, we focus on the time frames...

The maximum diversification has been shown in the literature to depend on the vector of asset volatilities and the inverse of the covariance matrix of the asset return covariance matrix. In practice, these two quantities need to be replaced by their sample statistics. The estimation error...

In an inventory management model for perishables, depletion due to interacting with the demand is of importance, but also, damage to products is a relevant variable. This article considers that demand and sales phenomena do not always go hand-in-hand. The demand process relates to the...

This paper investigates the role of children in explaining the life-cycle pattern of consumption (which is hump-shaped since it is higher in the middle of life and lower at the beginning and end of life). Unlike previous studies, a true panel of U.K. households was exploited to investigate...

This report details the methodology of the Consumption Footprint indicator employed in the science for policy report 'Consumption Footprint and Domestic Footprint: Assessing the environmental impacts of EU consumption and production' and the Consumption Footprint Platform. In particular, it...

This report details the methodology of the Consumption Footprint indicator employed in the science for policy report 'Consumption Footprint and Domestic Footprint: Assessing the environmental impacts of EU consumption and production' 1 and the Consumption Footprint Platform2 . In particular, it...

The literature examining the role played by family life cycle in farm households' decisions to adopt sustainable agricultural technology (SAT) remains scant. To bridge this gap, we evaluate the impact of family life cycle on farm households' adoption of SATs by using multivariate probit...

Evidence suggests that smokers' responsiveness to cessation medication depends on genotypes. Whether personalized treatment based on genotypes is cost effec- tive compared to standard treatments, however, has been unexplored. We thus construct a lifecycle model with endogenous health evolution...