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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
, household production, saving and consumption decisions of two-adult households over a life cycle defined in terms of the … paths of time use, consumption and saving over their life cycle in the face of this capital market imperfection. Importantly …, households are shown to differ significantly in their saving behavior in a way that depends on secondary earner labor supply …
Persistent link: https://www.econbiz.de/10013143854
Persistent link: https://www.econbiz.de/10001937662
Persistent link: https://www.econbiz.de/10002238108
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions … behaviour in respect of female labour supply and saving, and provide evidence to show that these are very closely related across …
Persistent link: https://www.econbiz.de/10010262485
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions … behaviour in respect of female labour supply and saving, and provide evidence to show that these are very closely related across …
Persistent link: https://www.econbiz.de/10011401086
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
Persistent link: https://www.econbiz.de/10011537620
A central justification for social insurance and for other policies aimed at retirement savings is that individuals may fail to make adequate provision during their working years. Much research has focused on myopia and other behavioral limitations. Yet little attention has been devoted to how...
Persistent link: https://www.econbiz.de/10013019561
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