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The consumption and wealth effects of an unanticipated change in lifetime resources
Jappelli, Tullio; Padula, Mario - 2015
In 2000 Italy replaced its traditional system of severance pay for public employees with a new system. Under the old regime, severance pay was proportional to the final salary before retirement; under the new regime it is proportional to lifetime earnings. This reform entails substantial losses...
Persistent link: https://www.econbiz.de/10011282352
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Mortality Decline, Impatience and Aggregate Wealth Accumulation with Risk-Sensitive Preferences
Bommier, Antoine - 2014
The paper discusses the impact of longevity extension on aggregate wealth accumulation, accounting for changes in individual behaviors as well as changes in population age structure. It departs from the stan- dard literature by adopting risk-sensitive preferences. Human impatience is then...
Persistent link: https://www.econbiz.de/10011753258
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The consumption and wealth effects of an unanticipated change in lifetime resources
Jappelli, Tullio; Padula, Mario - 2015
In 2000 Italy replaced its traditional system of severance pay for public employees with a new system. Under the old regime, severance pay was proportional to the final salary before retirement; under the new regime it is proportional to lifetime earnings. This reform entails substantial losses...
Persistent link: https://www.econbiz.de/10011281868
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The gWillh to Save in China
Yin, Ting - Graduate School of Economics, Osaka University - 2011
In this paper, I discuss the actual conditions and determinants of the saving behavior and wealth holdings of the aged in China, with emphasis on the impact of bequest motives thereon, using micro data from the 2009 gSurvey of Living Preferences and Satisfactionh (urban households) and the 2010...
Persistent link: https://www.econbiz.de/10009216336
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Beggar-thy-parents? A Lifecycle Model of Intergenerational Altruism
Cho, Sang-Wook Stanley - School of Economics, UNSW Business School - 2008
This paper constructs a quantitative general equilibrium model with both lifecycle and dynastic features along with uninsurable labor income to assess differences in wealth and intergenerational transfers across countries. The model features both 'pure' and 'impure' forms of altruism and...
Persistent link: https://www.econbiz.de/10005422754
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The Consumption and Wealth Effects of an Unanticipated Change in Lifetime Resources
Jappelli, Tullio; Padula, Mario - Centro Studi di Economia e Finanza (CSEF) - 2014
In 2000 Italy replaced its traditional system of severance pay for public employees with a new system. Under the old regime, severance pay was proportional to the final salary before retirement; under the new regime it is proportional to lifetime earnings. This reform entails substantial losses...
Persistent link: https://www.econbiz.de/10011165979
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Mortality Decline and Aggregate Wealth Accumulation
Bommier, Antoine - Toulouse School of Economics (TSE) - 2009
The paper discusses the impact of longevity extension on aggregate wealth accumulation, accounting for changes in individual behaviors as well as changes in population age structure. It departs from the standard literature by adopting a formulation of individual preferences that accounts for...
Persistent link: https://www.econbiz.de/10008465259
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Habits and Envy: What Drives the Consumption Behavior of U.S. Households? Evidence from PSID, 1999-2009
Schmid, Kai D.; Drechsel-Grau, Moritz - 2013
In this paper we estimate the relevance of habits versus interpersonal comparisons for the consumption behavior of U … (PSID) covering the time span from 1999 to 2009. We find that both habits, measured as lagged consumption, and envy motives … than habits do. …
Persistent link: https://www.econbiz.de/10010460547
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Habits and envy : what drives the consumption behavior of U.S. households?
Drechsel-Grau, Moritz; Schmid, Kai D. - 2013
In dieser Analyse schätzen wir den Einfluss von Gewohnheits-(Habits) gegenüber Vergleichsmotiven (Envy) zur Erklärung …In this paper we estimate the relevance of habits versus interpersonal comparisons for the consumption behavior of U … (PSID) covering the time span from 1999 to 2009. We find that both habits, measured as lagged consumption, and envy motives …
Persistent link: https://www.econbiz.de/10010201638
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Consumer Behaviour, Labour Supply and Diabetes: The Complex Case
Faria, Joao Ricardo - Finance Discipline Group, Business School - 1999
This article examines the behaviour of a consumer diagnosed with diabetes. It is shown that the medical treatment of the disease creates incentives that make diabetic's consumption and wieght display cyclical patterns. One implication is that labour supply can be cyclical as well.
Persistent link: https://www.econbiz.de/10005102366