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The Life-Cycle Hypothesis Revisited: Evidence on Housing Consumption after Retirement
Beblo, Miriam; Schreiber, Sven - 2010
According to the life-cycle theory of consumption and saving, foreseeable retirement events should not reduce consumption. Whereas some consumption expenditures may fall when they are self-produced (given higher leisure after retirement), this argument applies especially to housing consumption...
Persistent link: https://www.econbiz.de/10010460493
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Why Do Migrants Stay Unexpectedly? Misperceptions and Implications for Integration
Kaufmann, Marc; Machado, Joël; Verheyden, Bertrand - 2021
characteristics. We show that these conditions involve pessimism about the destination country, either in terms of short-term utility …, of long-term utility, or of wage prospects. We then highlight specific behavioural biases that give rise to such forms of … pessimism. Using the German Socio-Economic Panel, we find that relatively higher pessimism at arrival about future utility and …
Persistent link: https://www.econbiz.de/10012498056
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Worker Beliefs about Outside Options
Jäger, Simon; Roth, Christopher; Roussille, Nina; … - 2021
Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany and comparing them to measures of actual outside...
Persistent link: https://www.econbiz.de/10012882539
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Consumption growth and volatility with consumption externalities
Xie, Runli - 2010
This paper studies the link between group-specific consumption growth and volatility within a framework of heterogeneous agents, under the assumption of a consumption externality. Household preferences are related to the volatility through asset holding decisions: volatility decreases with...
Persistent link: https://www.econbiz.de/10010281531
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Consumption Growth and Volatility with Consumption Externalities
Xie, Runli - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2010
This paper studies the link between group-specic consumption growth and volatility within a framework of heterogeneous agents, under the assumption of a consumption externality. Household preferences are related to the volatility through asset holding decisions: volatility decreases with groups'...
Persistent link: https://www.econbiz.de/10008727689
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The Life-Cycle Hypothesis Revisited: Evidence on Housing Consumption after Retirement
Beblo, Miriam; Schreiber, Sven - Institut für Makroökonomie und Konjunkturforschung … - 2010
According to the life-cycle theory of consumption and saving, foreseeable retirement events should not reduce consumption. Whereas some consumption expenditures may fall when they are self-produced (given higher leisure after retirement), this argument applies especially to housing consumption...
Persistent link: https://www.econbiz.de/10008693499
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Selected Aspects of Household Savings in Germany: Evidence from Micro-Data
Kolerus, Christina; Koske, Isabell; Hüfner, Felix - Economics Department, Organisation de Coopération et … - 2012
This paper uses household level data from the German Socio-Economic Panel (GSOEP) over the period 1991 to 2008 to analyse the driving factors of movements in the German household savings rate. Specifically, it analyses the impact of the precautionary savings motive and the impact of the 2002...
Persistent link: https://www.econbiz.de/10011276952
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The life-cycle hypothesis revisited : evidence on housing consumption after retirement
Beblo, Miriam; Schreiber, Sven - 2010 - this version: October 2010
According to the life-cycle theory of consumption and saving, foreseeableretirement events should not reduce consumption. Whereas some consumption expenditures may fall when they are self-produced (given higher leisure after retirement), this argument applies especially to housing consumption...
Persistent link: https://www.econbiz.de/10009306644
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Why do migrants stay unexpectedly? : misperceptions and implications for integration
Kaufmann, March; Machado, Joël; Verheyden, Bertrand - 2021
characteristics. We show that these conditions involve pessimism about the destination country, either in terms of short-term utility …, of long-term utility, or of wage prospects. We then highlight specific behavioural biases that give rise to such forms of … pessimism. Using the German Socio-Economic Panel, we find that relatively higher pessimism at arrival about future utility and …
Persistent link: https://www.econbiz.de/10012440280
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Worker beliefs about outside options
Jäger, Simon; Roth, Christopher; Roussille, Nina; … - 2021
Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany and comparing them to measures of actual outside...
Persistent link: https://www.econbiz.de/10012801411