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wealth for pensioner households show evidence of more rapid spending early in retirement. However they also show that better …-off households continue to accumulate, even when facing a steeper implicit tax rate on wealth than applies to poorer households …. Wealthier households also hold riskier portfolios. Results from tests for Lorenz dominance of the panel wealth distribution show …
Persistent link: https://www.econbiz.de/10010904249
Australian employers are obliged by law to make a minimum compulsory contribution as a proportion of salaries into employees’ superannuation (pension) funds. Individuals can also make voluntary contributions on top of the compulsory amount. We examine voluntary contributions amongst two groups...
Persistent link: https://www.econbiz.de/10010938594
Households in many developed economies now reach retirement with lump sums of financial wealth accumulated through … defined contribution retirement plans. Managing wealth from individual accumulations and public provision is critical to … retirement welfare. We study the dynamics of retirement wealth and asset allocation using the three wealth waves of the Household …
Persistent link: https://www.econbiz.de/10011185993
In 2009 the Australian government delivered approximately $8 billion in direct payments to households. These payments were pre- announced and randomly allocated to households based on postal codes over a 5-week period. We exploit this random allocation to estimate the causal response of...
Persistent link: https://www.econbiz.de/10010783733
Both cross sectional and panel methods of analysis for Laos confirm that for public education and health services, the poorest quintile groups receive the smallest shares of total provision of these services. Nevertheless, poor groups’ shares of an increase in the level of provision...
Persistent link: https://www.econbiz.de/10011144015
estimating the wealth effects associated with a shift in spending. We find significant heterogeneity in households' response to a …
Persistent link: https://www.econbiz.de/10011201632
in calorie share to a measure of wealth. The calorie threshold is suspect as it is influenced by several other factors …
Persistent link: https://www.econbiz.de/10009274826
This paper examines the determinants of private saving in the process of economic development, in the light of the Indian experience during the period 1954 - 1998. The methodology involves the estimation of a saving rate function derived within the life cycle framework while paying attention to...
Persistent link: https://www.econbiz.de/10005057530
This paper examines the determinants of private saving in the process of economic development, in the light of the Indian experience during the period 1954 - 1998. The methodology involves the estimation of a saving rate function derived within the life cycle framework while paying attention to...
Persistent link: https://www.econbiz.de/10005057581
at the expense of leisure and overcome the negative wealth effect of the fiscal shock. We show that increasing price …
Persistent link: https://www.econbiz.de/10010860355