information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information …

structural life-cycle model of singles' and married couples' labor supply and savings decisions. The model includes heterogeneity …

disability and health status to develop a life-cycle framework which rationalizes observed responses of household members to … and life-cycle labor supply, endogenous marriage contracts and the possibility of time transfers between partners. We also …

The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate …, when reasonably calibrated. Ample empirical evidence, however, shows that the transition path of a country's saving rate …, implies transitional dynamics of the saving rate that accords well with empirical evidence. This holds true even in a growth …

The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate …, when reasonably calibrated. Ample empirical evidence, however, shows that the transition paths of most countries' saving …-shaped pattern of the saving rate (Goméz, 2008). However, the implied magnitude of the hump falls short of what is seen in empirical …