Showing 1 - 10 of 190
What is the role of micro and macro factors in determining house prices? We address this question empirically by analysing survey data on housing and mortgages from the DNB Household Survey for the period 1993-2009. We focus on the determinants of house owners' subjective assessment of the value...
Persistent link: https://www.econbiz.de/10008860750
To what extent do house price dynamics differ across market segments? And what determines this heterogeneity? We address these questions by analysing a data set of individual houses and mortgages, based on a survey of about 2,000 Dutch households over the period 2003-2011. We estimate a dynamic...
Persistent link: https://www.econbiz.de/10010757283
This paper focuses on the role of habit formation in individual preferences over consumption and saving. We closely relate to Alessie and Lusardi's (1997) model as we estimate a model which is based on their closed-form solution, where saving is expressed as a function of lagged saving and other...
Persistent link: https://www.econbiz.de/10005144434
Persistent link: https://www.econbiz.de/10008594168
This paper focuses on the role of habit formation in individual preferencesover consumption and saving. We closely relate to Alessie and Lusardi's(1997) model as we estimate a model which is based on their closed-formsolution, where saving is expressed as a function of lagged saving and...
Persistent link: https://www.econbiz.de/10011256359
This thesis deals with individual financial decision making, that is the process of choosing a preferred option from among a set of alternatives. Individual behavior has been traditionally studied in economics by means of the rational-choice model, which assumes that agents maximize some...
Persistent link: https://www.econbiz.de/10011089358
Persistent link: https://www.econbiz.de/10011091653
The paper extends and replicates part of the analysis by Barsky, Juster, Kimball, and Shapiro (1997), which exploits hypothetical choices among different consumption streams to infer intertemporal substitution elasticities and rates of time preference.We use a new and much larger dataset than...
Persistent link: https://www.econbiz.de/10011092021
This paper focuses on the role of habit formation in individual preferences over consumption and saving.We closely relate to Alessie and Lusardi's (1997) model as we estimate a model which is based on their closed-form solution, where saving is expressed as a function of lagged saving and other...
Persistent link: https://www.econbiz.de/10011092314
Early retirement is predominantly considered to be the result of incentives set by social security and the tax system. But the Swiss example demonstrates that the incidence of early retirement has dramatically increased even in the absence of institutional changes. We argue that an actuarially...
Persistent link: https://www.econbiz.de/10005518811