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unemployment rates. But scant, if any, evidence exists on gender gaps in economic outcomes such as income, expenditure, savings … to reduce their current consumption and increase savings. Factors such as the different participation rates in work …
Persistent link: https://www.econbiz.de/10013315036
Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern. A richer version of the model is calibrated to data...
Persistent link: https://www.econbiz.de/10014224349
the Netherlands in the period 1995 through 2001, we analyse the impact of wealth, savings, and debt position on job exit …
Persistent link: https://www.econbiz.de/10012778328
and savings decisions of singles and married couples. Partial insurance against wage and employment shocks is provided by … social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on …
Persistent link: https://www.econbiz.de/10013023767
We describe gender and socioeconomic inequalities in the Big Five personality traits over the life cycle, using a facet-level inventory linked to administrative data. We estimate life-cycle profiles non-parametrically and test for cohort and sample-selection effects. We discuss the economic...
Persistent link: https://www.econbiz.de/10012830653
We study workers' idiosyncratic earnings risk over the life-cycle using a German administrative data set. Positive and … incomplete markets model. Moreover, age-varying risk implies a linear increase in consumption inequality late in working life …
Persistent link: https://www.econbiz.de/10012948657
A sizable literature has concluded that remittances impact the expenditure patterns of households. We explore how the uncertainty of remittance income inflows affects the accumulation of human, physical and financial assets of Mexican households, while accounting for the level of transfers from...
Persistent link: https://www.econbiz.de/10013057908
We study the evolution of health investment over the life-cycle by calibrating a model of endogenous health accumulation. The model is able to produce the decline in labor supply with age as well as the hump-shaped consumption profile. In both cases, health and health investment play a crucial...
Persistent link: https://www.econbiz.de/10013155468
In this paper, I estimate the fiscal impact of immigrants on the German pension insurance (PI) and unemployment insurance (UI) systems when return migration is an endogenous choice. For this purpose, I develop a dynamic stochastic model of joint return migration and saving decisions that...
Persistent link: https://www.econbiz.de/10013144386
This study investigates how subjective mortality expectations and heterogeneity in time and risk preferences affect the … to survey questions about time and risk preferences and consumption and saving behaviors. This paper uses data on … survey questions about time and risk preferences reflect differences in actual saving and consumption behavior; and 3) there …
Persistent link: https://www.econbiz.de/10012760509