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This paper examines urban residential location and rent determination within a city populated by consumers acting with perfect foresight. In this setting, the consumption and saving decisions of city residents are determined jointly with their choice of location, thereby offering an initial step...
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This paper uses ESPlannerTM -- a life-cycle, financial planning model -- to investigate the potential impact of alternative fiscal policies on current consumption and saving. Studies to date have examined the response of current consumption to tax-induced temporary and permanent income changes....
Persistent link: https://www.econbiz.de/10013218544
The effects on consumption and retirement of characteristics of the life cycle, especially the length of the horizon, are examined. At any given age people will work more and consume less if they expect to live longer. This and other propositions are tested on several sets of data. The Terman...
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This paper studies the evolution of household income, consumption, and savings around retirement in the context of a … household consumption and savings behavior around retirement. Difference-in-differences analyses around the early retirement age … through to both savings and consumption, and contribute to a flattening of consumption profiles for workers faced with the …
Persistent link: https://www.econbiz.de/10013312171
The effects on consumption and retirement of characteristics of the life cycle, especially the length of the horizon, are examined. At any given age people will work more and consume less if they expect to live longer. This and other propositions are tested on several sets of data. The Terman...
Persistent link: https://www.econbiz.de/10012478129