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-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …
Persistent link: https://www.econbiz.de/10010500212
In this paper, we study the short-run effect of salary receipt on mortality among Swedish public sector employees. By … using data on variation in paydays across work-places, we completely control for mortality patterns related to, for example …-week mortality patterns. We find a dramatic increase in mortality on the day salaries arrive. The increase is especially pronounced …
Persistent link: https://www.econbiz.de/10010464456
In this paper, we study the short-run effect of salary receipt on mortality among Swedish public sector employees. By … using data on variation in paydays across work-places, we completely control for mortality patterns related to, for example …-week mortality patterns. We find a dramatic increase in mortality on the day salaries arrive. The increase is especially pronounced …
Persistent link: https://www.econbiz.de/10013208699
incentives. We study how two changes in Swedish inheritance taxation 2003/04 and 2004/05 have affected mortality during the turns …
Persistent link: https://www.econbiz.de/10010321395
for the period of the Ghost Months reductions in mortality, hospital admissions, and births. While the effect on mortality …
Persistent link: https://www.econbiz.de/10012140925
There is a ongoing debate about whether inheritance and estate taxes are effective in raising revenues and in contributing to a more equal society. The different views on transfer taxes are largely dependent on beliefs about whether people plan their wealth to avoid these taxes. In this paper,...
Persistent link: https://www.econbiz.de/10012013512
We document novel facts on the exit and reentry margins of stock market participation by retail investors using detailed administrative data on every Norwegian resident from 1993 to 2016. Contrary to the conventional view that individuals either never or always participate in the stock market,...
Persistent link: https://www.econbiz.de/10015195413
We exploit a sharp birthday discontinuity in a large and universal Swedish cash transfer program, creating plausibly exogenous variation in the default disbursement option, while holding entitlements and other financial incentives constant. When the cash transfer is paid out to the mother by...
Persistent link: https://www.econbiz.de/10014541004
We use a new panel dataset of credit card accounts to analyze how consumers responded to the 2001 federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that on average...
Persistent link: https://www.econbiz.de/10010292101
determine retirement savings and tax payments. Flat income and tax-rate profiles facilitate the analysis of behavioral factors … like present-period tax avoidance, while optimal consumption and after-tax savings are identical for both treatments. Our … results show that observed savings are suboptimal in both treatments and are influenced by gender, patience, and risk aversion …
Persistent link: https://www.econbiz.de/10014442854