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lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …
Persistent link: https://www.econbiz.de/10011165979
This paper provides evidence on the relevance of the collection mode for the analysis of consumption data for the … figures from consumption reports obtained with diaries markedly differ from those obtained using recall data. We then exploit … features of the distribution of consumption (not just its mean). Finally, we show how to purge the expenditure measurements …
Persistent link: https://www.econbiz.de/10008685646
The theoretical literature suggests that taxation can have a large impact on household portfolio selection and allocation. In this paper we consider the tax treatment of life insurance, considering the cancellation of tax incentives in Italian life insurance contracts for investors with high...
Persistent link: https://www.econbiz.de/10005839177
In this paper we analyse data from the National Education Longitudinal Study of 1988 to investigate whether experiencing parental divorce during adolescence reduces measured cognitive ability. To account for the potential endogeneity of parental divorce we employ a difference-in-differences...
Persistent link: https://www.econbiz.de/10005802046
would increase aggregate consumption by 0.82 percent. Furthermore, we find that redistributing 1% of national disposable … from the top to the bottom decile of the income distribution would boost aggregate consumption by 0.1%. …
Persistent link: https://www.econbiz.de/10011082497
We study the effect of restrictions to immigration on the cultural assimilation of the second generation. Our theoretical model shows that restrictive policies incentivize to permanent immigration individuals with a stronger taste for their original culture. Permanent immigration implies...
Persistent link: https://www.econbiz.de/10010801010
incentive considerations. A tax authority which fully respects consumers’ sovereignty taxes the consumption of addictive and non …
Persistent link: https://www.econbiz.de/10010801014
This study designs a laboratory experiment to investigate the link between personal responsibility and individual preferences for redistribution. We contribute to the literature by considering two key insights: first, effort is costly; second, its fruits can be grasped only in the future....
Persistent link: https://www.econbiz.de/10010942481
According to the permanent income hypothesis with quadratic preferences, savings should react only to transitory income shocks, but not to permanent shocks. The problem is that income shock components are not separately observable. I show how the combination of income realizations with...
Persistent link: https://www.econbiz.de/10005626725
with quasi-hyperbolic consumers whosave for post retirement consumption in the first period and choose their retirement age … lack of saving and the high level of voluntary (i.e. not due to disability or dismission from the firm) early exit from the …, who look for a commitment device that increases boththeir saving and retirement age, form a coalition with rich in order …
Persistent link: https://www.econbiz.de/10005626726