This paper investigates what motivates intergenerational time and money transfers. We consider a model in which transfers may be driven not only by altruism, but also by exchange considerations. We use data from the Survey of Health, Ageing and Retirement in Europe (SHARE) to discriminate...

In this paper we estimate the effect of early life health on home care use later in life, and we analyse whether this effect is mediated through household composition. We use Dutch administrative data on men born in 1944-1947 who were examined for military service between 1961-1965 and we link...

With the ageing of the European population, the housing choices of the large elderly cohorts will have consequences on the whole housing market. This article combines micro data from two waves of the Survey of Health, Ageing and Retirement in Europe (SHARE) with macro data on housing policy to...

"We address the issue of how early retirement may interact with limited use of financial markets in producing financial hardship later in life, when some risks (such as long-term care) are not insured. We argue that the presence of financially attractive early retirement schemes in a world of...

This paper provides a closed-form solution under labour uncertainty for optimal consumption and the value function in a finite horizon life-cycle model with habit persistence.

This paper examines whether the empirical evidence supports the strategic bequest motive, as opposed to pure altruism, using SHARE data on ten European countries. The availability of internationally comparable data, as in SHARE, allows exploiting the cross-country variability in inheritance laws...

In this paper we investigate the role of response styles in the dynamics of work disability reporting. Using the 2004 and 2006 waves of the Survey of Health, Ageing and Retirement in Europe (SHARE), we document that in Europe surprisingly large fractions of individuals change their self-reported...

This paper analyses the optimal refinancing decision of an agent whose only asset in the portfolio is the house where she lives in the context of a life-cycle model. The mortgage is modelled as an adjustable rate contract covering the remaining life of te house owner. Thus, refinancing concerns...

This paper provides a closed-form solution under labour uncertainty for optimal consumption and the value function in a finite horizon life-cycle model with habit persistence.