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For many Americans the question of when to claim Social Security benefits is one of the most consequential financial decisions they will ever face. While acknowledging that individuals differ in terms of optimal timing for starting Social Security benefits, many economists argue that an average...
Persistent link: https://www.econbiz.de/10014322886
" speech in July 2012 with household data from the ECB's Household Finance and Consumption Survey, we find that portfolio …
Persistent link: https://www.econbiz.de/10014512064
framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our …
Persistent link: https://www.econbiz.de/10014437027
We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey …
Persistent link: https://www.econbiz.de/10015056164
Persistent link: https://www.econbiz.de/10012445383
On 22 March 2000 the CCP held a half-day Forum Session intended to explore the challenges and possibilities associated with international co-operation. Using the experience of the United States and Canada as a practical example, the session provided an overview of ongoing efforts to combat the...
Persistent link: https://www.econbiz.de/10012445470
Using friendship data from Facebook, we study the effects of three aspects of social capital on household financial …, we provide evidence supporting a causal link between household financial behavior and the income of one's friends …
Persistent link: https://www.econbiz.de/10014512040
-making processes across households (the "why"). The combination of the quantitative estimation of household response dynamics with a … qualitative exploration of the mental models employed during financial decisions provides a more complete view of household … showing significant variability. However, MPDs play a critical role in household financial adjustments and display …
Persistent link: https://www.econbiz.de/10014512045
Why did the real interest rate decline and the equity premium increase over the last 30 years? This paper assesses the role of uncertainty and credit market frictions. We quantify a model with heterogeneous households using data on asset prices and macro aggregates, as well as on households'...
Persistent link: https://www.econbiz.de/10014512052