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This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand … household income and asset market returns, has a differential impact on individuals within and across countries. Generally, poor …
Persistent link: https://www.econbiz.de/10012480733
The entitlement to social security retirement benefits is a major component of aggregate household wealth. This paper … focuses on the impact of social security annuities on household portfolio allocation, extending existing optimizing models of …
Persistent link: https://www.econbiz.de/10012477729
similar effect for pensions received by men. This suggests that the household does not function as a unitary entity, and that …
Persistent link: https://www.econbiz.de/10012470671
Retirement Study. For the median household aged 51 to 57, the lifetime welfare cost of market incompleteness and suboptimal …
Persistent link: https://www.econbiz.de/10012461333
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
luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes …
Persistent link: https://www.econbiz.de/10012496179
" 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