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This paper describes a structural dynamic microsimulation model of the household that has been developed to explore behavioural responses to pensions policy counterfactuals in Ireland. The model is based upon the life-cycle theory of behaviour, which assumes that individuals make their decisions...
Persistent link: https://www.econbiz.de/10010392485
Most empirical studies of savings behaviour that explicitly take account of the influence of uncertainty consider for …
Persistent link: https://www.econbiz.de/10014156753
This paper describes a structural dynamic microsimulation model of the household that has been developed to explore behavioural responses to pensions policy counterfactuals in Ireland. The model is based upon the life-cycle theory of behaviour, which assumes that individuals make their decisions...
Persistent link: https://www.econbiz.de/10009250002
Programming ; Savings ; Labor Supply ; Pensions …
Persistent link: https://www.econbiz.de/10009260808
measured over appreciable periods of life motivates endogenous simulation of savings and labor supply decisions, taking …
Persistent link: https://www.econbiz.de/10013080420
simple precautionary savings analysis to more complex economic interactions and it builds the economic intuition for policy …
Persistent link: https://www.econbiz.de/10012597858
Persistent link: https://www.econbiz.de/10011539098
Persistent link: https://www.econbiz.de/10011539068
There is much research on consumption-savings problems with risky labor income and a constant interest rate and also on … between the two forms of risk. Under CRRA utility, undiversifiable income risk should be reflected in both savings rates and …
Persistent link: https://www.econbiz.de/10009676159
This paper studies optimal saving and investment behaviour of a household that can either invest in a riskless or a risky saving technology when risk results from a Poisson process. The focus is on behaviour of households in a general equilibrium setup. Poisson processes are introduced since...
Persistent link: https://www.econbiz.de/10014062648