Showing 1 - 10 of 20,403
It is widely believed that health plays a major role in retirement decisions. The most important problem in including … health in retirement models is the lack of availability of a good measure of health at the individual level in existing data … response patterns. The usefulness of the health indexes is then investigated by including it in some simple retirement models …
Persistent link: https://www.econbiz.de/10014214824
Recent empirical evidence suggests that reversing current account balances imply costly adjustment processes leading to reduced economic growth. Using large panel data sets to analyze determinants and costs of reversals asks for controls of heterogeneity among countries. This paper contributes a...
Persistent link: https://www.econbiz.de/10014225511
Several empirical studies are concerned with measuring the effect of currency and current account crises on economic growth. Using different empirical models this paper serves two aspects. It provides an explicit assessment of country specific factors influencing the costs of crises in terms of...
Persistent link: https://www.econbiz.de/10009007638
We develop exact distribution-free test procedures for joint inference about the forward rate unbiasedness hypothesis (FRUH) across multiple currencies. The procedures can be applied with either levels or differences specifications. This unified approach proceeds with sign and signed rank tests...
Persistent link: https://www.econbiz.de/10013403075
We study how occupations shape individual and aggregate retirement behavior. First, we document large differences in … individual retirement ages across occupations in U.S. data. We then show that retirement behavior among European workers is … strongly correlated with U.S. occupational retirement ages, indicating an inherent association between occupations and …
Persistent link: https://www.econbiz.de/10014251290
Increasing FDI inflows into a booming sector resulting in an appreciation of the real exchange rate may entail further capital inflows and greater appreciation pressure on the real exchange rate up to an abrupt reversal of the capital (Botta, 2015). The macroeconomic instability of such...
Persistent link: https://www.econbiz.de/10011904433
We examine the effects of increased international integration of both goods and financial markets on business cycle dynamics. To do so, we develop a new econometric framework for modelling cross-country spillovers in which the magnitude of these spillovers is an empirically determined function...
Persistent link: https://www.econbiz.de/10010414228
Disability, work and retirement -- New age thinking: alternative ways of measuring age, their relationship to labor … status and transitions during the pre-retirement years: learning from international differences / Arie Kapteyn, James P … -- Retirement saving -- The rise of 401(k) plans, lifetime earnings, and wealth at retirement / James M. Poterba, Steven F. Venti …
Persistent link: https://www.econbiz.de/10003840826
This paper investigates the consequences of pension reform for life-cycle unemployment and retirement. We find that (i … retirement and boosts efficiency; and (iv) extending the calculation period favors employment of young workers, might possibly … lead to more unemployment among older ones, encourages postponed retirement and most likely yields positive welfare gains …
Persistent link: https://www.econbiz.de/10009686201
We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …
Persistent link: https://www.econbiz.de/10012156427