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Using micro data on expenditure and income for 17 Latin American and Caribbean (LAC) countries, this paper presents stylized facts on saving behavior by age, education, income and place of residence. Counterfactual saving rates are computed by imposing the saving behavior, the population...
Persistent link: https://www.econbiz.de/10011316663
-stage procedure in which the household's lifetime income is instrumented with the education level of the household head and the …
Persistent link: https://www.econbiz.de/10011290956
of the Maltese Household Finance and Consumption Survey, we perform a logistic regression to investigate how financial …
Persistent link: https://www.econbiz.de/10015329719
This paper examines the impact of income inequality on consumption-related household indebtedness at the household … level. Using the first wave of the Eurosystem Household Finance and Consumption Survey data, the analysis sheds light on …-related household indebtedness in a small sample of countries. We further employ a multilevel regression model to also take country …
Persistent link: https://www.econbiz.de/10012153847
MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These...
Persistent link: https://www.econbiz.de/10012427912
MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are modest, around 11% on average. They are higher, but still modest, for individuals in households with high current needs....
Persistent link: https://www.econbiz.de/10012612848
MPCs were directly elicited from a representative sample of UK adults in July 2020. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic uncertainty....
Persistent link: https://www.econbiz.de/10012304942
We use administrative data for Norway to estimate an incomplete-market life-cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without...
Persistent link: https://www.econbiz.de/10014486954
themselves have no significant effects on household saving rates in the smallest localities, but in larger localities they may … some age groups. Finally, the paper provides evidence on household-level labor supply responses. …
Persistent link: https://www.econbiz.de/10011544981
This paper analyses a model in which employees are biased in their perception of their optimal contribution rates or asset allocations in defined contribution pension plans. The optimal default is characterised as a function of the parameters. It is shown that, for some values of the parameters,...
Persistent link: https://www.econbiz.de/10011845817