Similar Search Results

Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe

Bovenberg, A Lans; Nijman, Theo E - C.E.P.R. Discussion Papers - 2015

same time accommodating the diverse traditions of countries in terms of occupational pension provision. Finally, the PPR …

Persistent link: https://www.econbiz.de/10011252616

The Impact of Changing Demographics and Pensions on The Demand for Housing and Financial Assets

Cerny, Ales; Miles, David K; Schmidt, Lubomir - C.E.P.R. Discussion Papers - 2005

household asset holdings – in particular the split between real and financial assets – is sensitive to demographics and to the …

Persistent link: https://www.econbiz.de/10005662297

The Effect of Housing on Portfolio Choice: A Reappraisal Using French Data

Fougère, Denis; Poulhes, Mathilde - C.E.P.R. Discussion Papers - 2012

(respectively, raises) stockholding. However, while in the US the wealth effect of holding more home equity is cancelled out by the … risk effect of owning a more expensive house, in France the wealth effect dominates the risk effect. We propose some …

Persistent link: https://www.econbiz.de/10011083391

Asset Market Participation and Portfolio Choice over the Life Cycle

Fagereng, Andreas; Gottlieb, Charles; Guiso, Luigi - C.E.P.R. Discussion Papers - 2013

We study the life cycle of portfolio allocation following for 15 years a large random sample of Norwegian households using error-free data on all components of households’ investments drawn from the Tax Registry. Both, participation in the stock market and the portfolio share in stocks, have...

Persistent link: https://www.econbiz.de/10011084665

Housing purchases and the dynamics of housing wealth

Bover, Olympia - C.E.P.R. Discussion Papers - 2010

two waves of the Spanish household finance survey (EFF). I estimate discrete hazard models using retrospective and within …-period purchase sequences. I also estimate an (S,s) model combining transactions data with longitudinal information on household … wealth and housing stock values. I look at the role of adaptive expectations about the rate of return on housing and find …

Persistent link: https://www.econbiz.de/10008784726

Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets

Black, Sandra; Devereux, Paul J.; Lundborg, Petter; … - C.E.P.R. Discussion Papers - 2015

education arising from a Swedish compulsory schooling reform in the 1950s and 1960s, and the wealth holdings of the population …

Persistent link: https://www.econbiz.de/10011249373

The Euro and International Capital Markets

Detken, Carsten; Hartmann, Philipp - C.E.P.R. Discussion Papers - 2000

This paper provides a broad empirical examination of the major currencies' roles in international capital markets, with a special emphasis on the first year of the Euro. A contribution is made as to how to measure these roles, both for international financing as well as for international...

Persistent link: https://www.econbiz.de/10005123910

Which Investors Fear Expropriation? Evidence from Investors' Stock Picking

Giannetti, Mariassunta; Simonov, Andrei - C.E.P.R. Discussion Papers - 2003

Using a data-set that provides unprecedented details on individual investors’ stockholdings, we analyse whether investors take into account corporate governance when they select stocks. After controlling for the supply effect via free float and other firm characteristics, we find that all...

Persistent link: https://www.econbiz.de/10005114455

Redistributive Politics with Distortionary Taxation

Crutzen, Benoît SY; Sahuguet, Nicolas - C.E.P.R. Discussion Papers - 2006

We extend the discussion of redistributive politics across electoral systems to allow for taxation to be distortionary. We allow politicians to choose any tax rate between zero and unity and then redistribute the money collected. We build on the model put forward by Myerson (1993) and Lizzeri...

Persistent link: https://www.econbiz.de/10005504298

Optimal Taxation and Monopsonistic Labour Market: Does Monopsony Justify the Minimum Wage?

Cahuc, Pierre; Laroque, Guy - C.E.P.R. Discussion Papers - 2007

We analyze optimal taxation in an economy with monopsonistic labour markets. The individuals, whose only decisions are whether to work, or not, have heterogeneous productivities and opportunity costs of work. Given its preferences for redistribution, the government, which does not observe the...

Persistent link: https://www.econbiz.de/10005504333