Showing 1 - 2 of 2
This paper extends the idea of using ex-ante risk measures in a model of precautionary savings by explicitly simulating … specific effects. I find evidence for precautionary savings in response to the uncertainty measures. The results are robust and …
Persistent link: https://www.econbiz.de/10009360169
How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking...
Persistent link: https://www.econbiz.de/10009195630