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The optimal amount of attention to capital income risk

Yin, Penghui - 2018

uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to … capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with … capacity, assuming a relative risk aversion degree larger than unity. Furthermore, we solve for attention choice and find that …

Persistent link: https://www.econbiz.de/10011951668

External habits formation and the environment

Safi, Fatma - In: Naše gospodarstvo : NG 67 (2021) 1, pp. 1-12

Persistent link: https://www.econbiz.de/10012584381

Is it really good to annuitize

Feigenbaum, James; Gahramanov, Emin - 2012

; saving ; coordination ; learning, general equilibrium ; pecuniary externality ; annuities puzzle ; bequests ; mortality risk …

Persistent link: https://www.econbiz.de/10009562237

Keeping up with the ageing Joneses

Fisher, Walter H.; Heijdra, Ben J. - 2007

In this paper we consider the implications of relative consumption externalities in the Blanchard-Yaari overlapping generations framework. Unlike most of the macroeconomic literature that studies this question, the differences between agents, and, thus, in their relative position, persist in...

Persistent link: https://www.econbiz.de/10009736642

Keeping up with the ageing Joneses

Fisher, Walter H.; Heijdra, Ben J. - 2007

Persistent link: https://www.econbiz.de/10003510344

Intergenerational mobility : measurement and the role of borrowing constraints and inherited tastes

Caballé, Jordi - In: SERIEs : Journal of the Spanish Economic Association 7 (2016) 4, pp. 393-420

In this paper, I present some popular measures of mobility in economic outcomes within a family across generations. I also discuss two of the most important factors preventing intergenerational mobility: existence of financially constrained individuals and transmission of tastes from parents to...

Persistent link: https://www.econbiz.de/10011657530

The optimal mix between funded and unfunded pension systems when people care about relative consumption

Knell, Markus - In: Economica 77 (2010) 308, pp. 710-733

Persistent link: https://www.econbiz.de/10008748133

The optimal mix between funded and unfunded pensions systems when people care about relative consumption

Knell, Markus - 2008

Persistent link: https://www.econbiz.de/10003765636

Foregone Consumption and Return-Chasing Investments

Agarwal, Sumit - 2020

We show individuals investments chase stock index returns and are financed by foregoing consumption, even after controlling for individual-account level portfolio income effects and other high dimensional fixed effects. This effect only exists for positive stock index returns with no effects for...

Persistent link: https://www.econbiz.de/10012848414

Default option, risk-aversion and household borrowing behaviour

Größl, Ingrid; Fritsche, Ulrich - 2007

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

Persistent link: https://www.econbiz.de/10010426364