Similar Search Results

Do tax cuts increase consumption? : an experimental test of Ricardian Equivalence

Meissner, Thomas; Rostam-Afschar, Davud - 2014

This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment. This proposition is a fundamental assumption underlying numerous studies on intertemporal choice and has important implications for tax policy. Using nonparametric and panel...

Persistent link: https://www.econbiz.de/10010384031

Leisure and housing consumption after retirement : new evidence on the life-cycle hypothesis

Schreiber, Sven; Beblo, Miriam - 2016

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake …-cycle theory. For retirees we also find significant effects of the income reduction at retirement on housing. However, the effects …

Persistent link: https://www.econbiz.de/10011455042

How do households allocate their assets? : stylized facts from the eurosystem household finance and consumption survey

Arrondel, Luc; Bartiloro, Laura; Fessler, Primin; … - 2014

Using the Household Finance and Consumption Survey (HFCS), a large micro-level dataset on households’ wealth in fifteen euro area countries, this paper explores how households allocate their assets. We derive stylized facts on asset participation as well as levels of asset holdings and...

Persistent link: https://www.econbiz.de/10010384151

Vulnerable asset management? : the case of mutual funds

Fricke, Christoph; Fricke, Daniel - 2017

Is the asset management sector a source of financial instability? This paper contributes to the debate by performing a macroprudential stress test in order to quantify systemic risks in the mutual fund sector. For this purpose we include the welldocumented flow-performance relationship as an...

Persistent link: https://www.econbiz.de/10011740280

Connected funds

Fricke, Daniel; Wilke, Hannes - 2020

Investment funds are highly connected with each other, but also with the broader financial system. In this paper, we quantify potential vulnerabilities arising from funds' connectedness. While previous work exclusively focused on indirect connections (overlapping asset portfolios) between...

Persistent link: https://www.econbiz.de/10012264505

Risk attitude and capital market participation : is there a gender investment gap in Germany?

Fey, Jan-Christian; Lerbs, Oliver; Schmidt, Carolin; … - 2020

Do women invest differently than men? We contribute to the answer of this question by analysing the Panel on Household Finances (PHF) of the German Bundesbank. This representative panel collects a wide variety of behavioural and financial variables in the area of household finance. We find that...

Persistent link: https://www.econbiz.de/10012387111

Taxation and savings : some life-cycle estimates for Canada

Beach, Charles M. (contributor) - 1985

Persistent link: https://www.econbiz.de/10000660672

Insurance, redistribution, and the inequality of lifetime income

Haan, Peter; Kemptner, Daniel; Prowse, Victoria; … - 2023

Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...

Persistent link: https://www.econbiz.de/10014427523

Household saving behavior and credit constraints in the Euro area

Le Blanc, Julia; Porpiglia, Alessandro; Teppa, Federica; … - 2014

We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new harmonized data set collecting detailed information on...

Persistent link: https://www.econbiz.de/10010388544

Optimal social assistance and unemployment insurance in a life-cycle model of family labor supply and savings

Haan, Peter; Prowse, Victoria - 2015

We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...

Persistent link: https://www.econbiz.de/10010530687