Showing 1 - 10 of 450
We explore intertemporal decision-making in later life by looking at temporal preference heterogeneity among older individuals. Using choice tasks responses from Poland collected as part of the Survey of Health, Ageing, and Retirement in Europe (SHARE), we elicit individual time preferences...
Persistent link: https://www.econbiz.de/10013470406
The extent to which individuals commit to their partner for life has important implications. This paper develops a lifecycle collective model of the household, through which it characterizes behavior in three prominent alternative types of commitment: full, limited, and no commitment. We propose...
Persistent link: https://www.econbiz.de/10013470500
Commuting is a significant aspect of workers' daily routines and is associated with various negative outcomes. Traditional literature often models commuting from an urban perspective, focusing on the trade-off between commuting and housing. This paper offers an alternative view by using a...
Persistent link: https://www.econbiz.de/10015061883
This paper examines the link between dynamically inconsistent time preferences and individual food waste behavior. Food waste is conceptualized as unintentional outcome of choices along the food consumption chain. Capitalizing on a nationally representative longitudinal survey from Germany, we...
Persistent link: https://www.econbiz.de/10015398749
investigate how inheritance expectations shape savings behavior within the household, considering factors such as liquidity …This paper examines how expecting to receive an inheritance impacts household savings decisions. Life-cycle consumption … models indicate that the expectation of inheriting should reduce current savings plans for forward-thinking consumers. We …
Persistent link: https://www.econbiz.de/10015339031
Low- and middle-income countries are experiencing fast population aging and reductions in extreme poverty, increasing theoretical incentives to save for old age, but empirical evidence on household wealth accumulation over the life cycle is lacking. Using age-cohort-time decompositions on 18...
Persistent link: https://www.econbiz.de/10015409390
This paper introduces a novel monthly consumption indicator: the IZA / Fable Data consumption indicator for Germany. It is based on credit card transactions data collected and anonymised by Fable Data from 2017 onwards. We study some of the properties of the data and use a so-called "one year...
Persistent link: https://www.econbiz.de/10015097156
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013351930
, savings, labor supply, leisure, type of relationship, divorce, and intermarriage. Predictions are based on Demand and Supply …
Persistent link: https://www.econbiz.de/10011584627
changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …
Persistent link: https://www.econbiz.de/10010262612