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Life Cycle Time Allocation and Saving in an Imperfect Capital Market
Apps, Patricia F.; Rees, Ray - 2021
supplies, saving and full consumption for two-adult households over the life cycle. These data are used to test the life cycle …, consumption and saving over their life cycle in the face of this capital market imperfection. This model explains the data much … significantly in their saving behaviour in a way that depends on secondary earner labour supply, with a strong positive association …
Persistent link: https://www.econbiz.de/10013319460
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Life cycle time allocation and saving in an imperfect capital market
Apps, Patricia (contributor); Rees, Ray (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001937662
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Life cycle time allocation and saving in an imperfect capital market
Apps, Patricia (contributor); Rees, Ray (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002238108
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Why Forcing People to Save for Retirement May Backfire
Butler, Monika; Huguenin, Olivia; Teppa, Federica - 2021
If individuals are unable or unwilling to borrow, a higher than desired second pillar pension capital may induce people to retire earlier than they would have in the absence of such a scheme. Individuals thus leave the workforce as soon as the retirement income is deemed sufficient and the...
Persistent link: https://www.econbiz.de/10013318558
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Chapter 12. Gender Inequality
Ponthieux, Sophie; Meurs, Dominique - In: Handbook of income distribution : volume 2, (pp. 981-1146). 2015
The chapter examines how the various dimensions of economic inequality between men and women are analyzed today. Beyond the gender wage gap—a central issue—and of course the still far from equal sharing of housework, the chapter also reviews research on gender inequality in access to...
Persistent link: https://www.econbiz.de/10014025339
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Revisiting the role of home production in life-cycle labor supply
Faberman, R. Jason - 2015
This paper examines the role of home production in estimating life-cycle labor supply. I show that, consistent with … production biases its estimate upwards. Changes in this demand over the life-cycle have an income effect on labor supply, but the …
Persistent link: https://www.econbiz.de/10010509104
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On the welfare cost of consumption fluctuations in the presence of memorable goods
Hai, Rong; Krueger, Dirk; Postlewaite, Andrew - 2013
We propose a new classification of consumption goods into nondurable goods, durable goods and a new class which we call "memorable" goods. A good is memorable if a consumer can draw current utility from its past consumption experience through memory. We construct a novel consumption-savings...
Persistent link: https://www.econbiz.de/10010208579
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On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods
Hai, Rong - 2020
We propose a new category of consumption goods, memorable goods, that generate a utility flow even after physical consumption. Empirically, memorable goods expenditures exhibit frequent zero monthly purchases and lumpy expenditure spikes. Memorable goods expenditures are 20% the size of...
Persistent link: https://www.econbiz.de/10012829727
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On the welfare cost of consumption fluctuations in the presence of memorable goods
Hai, Rong; Krueger, Dirk; Postlewaite, Andrew - In: Quantitative economics : QE ; journal of the … 11 (2020) 4, pp. 1177-1214
We propose a new category of consumption goods, memorable goods, that generate a utility flow even after physical consumption. Empirically, memorable goods expenditures exhibit frequent zero monthly purchases and lumpy expenditure spikes. Memorable goods expenditures are 20% the size of...
Persistent link: https://www.econbiz.de/10012316338
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On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods, Second Version
Hai, Rong - 2018
We propose a new category of consumption goods, memorable goods, that generate a flow of utility after consumption. We analyze an otherwise standard consumption model that distinguishes memorable goods from other nondurable goods. Consumers optimally choose lumpy consumption of memorable goods....
Persistent link: https://www.econbiz.de/10012937535