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Dobrescu, Loretti - 2009

National saving rates differ enormously across developed countries. But these differences obscure a common trend, namely a dramatic decline over time. France and Italy, for example, saved over 17 percent of national income in 1970, but less than 7 percent in 2006. Japan saved 30 percent in 1970,...

Persistent link: https://www.econbiz.de/10012765576

Consumption During Retirement : The Missing Link in the Life Cycle

Hamermesh, Daniel S. - 2022

This study presents the first evidence on the relation of consumption to lifetime wealth, based on data from the 1973 and 1975 Retirement History Survey that have been linked to Social Security earnings records. Nearly 500 white, married, fully retired couples ages 62-69 form the basis of the...

Persistent link: https://www.econbiz.de/10014120446

Smoking, Health Capital, and Longevity : Evaluation of Personalized Cessation Treatments in a Lifecycle Model with Heterogeneous Agents

Chen, Li-Shiun - 2017

Cigarette smoking leads to large healthcare and morbidity costs, and mortality losses, and smoking cessation plays a key role in reducing health risk and economic costs. While medical evidence suggests that some smokers are more likely to respond to medication treatment than others depending on...

Persistent link: https://www.econbiz.de/10012947646

The Life Cycle of Scholarly Articles Across Fields of Research

Galiani, Sebastián - 2017

Aggregate citation behavior plays a key role in scientific knowledge diffusion, as citations document the collective and cumulative nature of knowledge production. Additionally, citations are commonly taken as input for several influential evaluative metrics used to assess researchers'...

Persistent link: https://www.econbiz.de/10012955445

Optimal Taxation and Human Capital Policies Over the Life Cycle

Stantcheva, Stefanie - 2015

optimal subsidy involves less than full deductibility of human capital expenses on the tax base, and falls with age. I … expenses might be close to optimal, and that simple linear age-dependent policies can achieve most of the welfare gain from the …

Persistent link: https://www.econbiz.de/10013022160

New Theoretical Perspectives on the Distribution of Income and Wealth Among Individuals : Part Iii: Life Cycle Savings vs. Inherited Savings

Stiglitz, Joseph E. - 2015

This paper extends the standard life cycle model to a world in which there are also capitalists. We obtain simple formulae describing the equilibrium fraction of wealth held by life-cycle savers. Using these formulae, we ascertain the effects of tax policy or changes in the parameters of the...

Persistent link: https://www.econbiz.de/10013022177

An Anatomy of U.S. Firms Seeking Trademark Registration

Dinlersoz, Emin Murat - 2018

This paper reports on the construction of a new dataset that combines data on trademark applications and registrations from the U.S. Patent and Trademark Office with data on firms from the U.S. Census Bureau. The resulting dataset allows tracking of various activity related to trademark use and...

Persistent link: https://www.econbiz.de/10012911097

The Life Expectancy of Older Couples and Surviving Spouses

Compton, Janice - 2018

Comparisons of individual life expectancies over time and across demographic groups provide information for individuals making retirement decisions and for policy makers. For couples, analogous measures are the expected years both spouses will be alive (joint life expectancy) and the expected...

Persistent link: https://www.econbiz.de/10012911467

How Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior

Horneff, Vanya - 2018

observed saving, work, and claiming age behavior of U.S. households. In particular, our model generates a large peak at the … earliest claiming age at 62, as in the data. Also in line with the evidence, our baseline results show a smaller second peak at … the (system-defined) Full Retirement Age of 66. In the context of a zero return environment, we show that workers will …

Persistent link: https://www.econbiz.de/10012917320

Leverage Over the Life Cycle and Implications for Firm Growth and Shock Responsiveness

Dinlersoz, Emin Murat - 2018

leverage dynamics over their life-cycles. Firm age and size are systematically related to leverage for private firms, but not …

Persistent link: https://www.econbiz.de/10012908468