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To assess the life-cycle welfare effects of pension reforms, we provide a dynamic stochastic model of saving, portfolio choice and retirement with a pension system that operates according to the notional defined contribution principle.Relying on the exogenous variation from a sequence of Italian...
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A distinguishing feature among households is whether adult members work or not, since the employment status affects a household’s available time for home activities. Using a survey method in two countries, Belgium and Germany, we provide household incomes that retain the level of well-being...
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Different family types may have a fixed flow of consumption costs related to subsistence needs. We use a survey approach in order to identify and estimate such a fixed component of spending for different families. Our method involves making direct questions about the linkup between aggregate...
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Different family types may have a fixed flow of consumption costs, related to subsistence needs. We use a survey method in order to identify and estimate such a fixed component of spending for different families. Our method involves making direct questions about the linkup between aggregate...
Persistent link: https://www.econbiz.de/10003315161
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