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Do Wealthier Households Save More? The Impact of the Demographic Factor

Belke, Ansgar; Dreger, Christian; Ochmann, Richard - Institute for the Study of Labor (IZA) - 2012

wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using …

Persistent link: https://www.econbiz.de/10010550528

The Risk and Return of Human Capital Investments

Koerselman, Kristian; Uusitalo, Roope - Institute for the Study of Labor (IZA) - 2013

Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper we use a Finnish panel spanning 22 years to predict the mean, the variance and the skew of the present value of lifetime income, and to calculate certainty equivalent lifetime...

Persistent link: https://www.econbiz.de/10010960122

Books Are Forever: Early Life Conditions, Education and Lifetime Income

Brunello, Giorgio; Weber, Guglielmo; Weiss, Christoph T. - Institute for the Study of Labor (IZA) - 2012

In this paper we estimate the effect of education on lifetime earnings in Europe, by distinguishing between individuals who lived in rural or urban areas during childhood and between individuals who had access to many or few books at age ten. We instrument years of education using reforms of...

Persistent link: https://www.econbiz.de/10009652526

Lifetime versus Annual Tax Progressivity: Sweden, 1968–2009

Bengtsson, Niklas; Holmlund, Bertil; Waldenström, Daniel - Institute for the Study of Labor (IZA) - 2012

This paper analyzes the evolution of tax progressivity in Sweden from both annual and lifetime perspectives. Using a rich micro panel with administrative records of incomes, taxes and benefits over the period 1968–2009, we calculate tax rates across the income distribution accounting for...

Persistent link: https://www.econbiz.de/10010553315

Positional Concerns through the Life Cycle: Evidence from Subjective Well-Being Data and Survey Experiments

Akay, Alpaslan; Martinsson, Peter - Institute for the Study of Labor (IZA) - 2012

This paper uses both subjective well-being and survey experimental data to analyze how people's positional concerns regarding income and goods vary with age. The subjective well-being approach is mainly based on German panel data for the period 1984-2009 (German Socio-Economic Panel), while the...

Persistent link: https://www.econbiz.de/10009646308

Human Capital Policy

Carneiro, Pedro; Heckman, James J. - Institute for the Study of Labor (IZA) - 2003

This paper considers alternative policies for promoting skill formation that are targeted to different stages of the life cycle. We demonstrate the importance of both cognitive and noncognitive skills that are formed early in the life cycle in accounting for racial, ethnic and family background...

Persistent link: https://www.econbiz.de/10005761961

Gender, Time Use and Public Policy over the Life Cycle

Apps, Patricia; Rees, Ray - Institute for the Study of Labor (IZA) - 2005

In this paper we compare gender differences in the allocation of time to market work, domestic work, child care, and leisure over the life cycle. Time use profiles for these activity categories are constructed on survey data for three countries: Australia, the UK and Germany. We discuss the...

Persistent link: https://www.econbiz.de/10005762224

Household Saving and Full Consumption over the Life Cycle

Apps, Patricia; Rees, Ray - Institute for the Study of Labor (IZA) - 2001

This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full...

Persistent link: https://www.econbiz.de/10005762285

Life-Cycle Equilibrium Unemployment

Chéron, Arnaud; Hairault, Jean-Olivier; Langot, François - Institute for the Study of Labor (IZA) - 2008

This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing (decreasing) firing (hiring) rates with age and a hump-shaped...

Persistent link: https://www.econbiz.de/10005762327

Are There Differences in the Health-Socioeconomic Status Relationship over the Life Cycle? Evidence from Germany

Bender, Keith A.; Habermalz, Steffen - Institute for the Study of Labor (IZA) - 2005

Most research on the relationship between health and socioeconomic status (SES) controls for changing age or investigates the relationship for a particular age range. This paper, however, examines changes in the relationship across ages, as well as controls for potential endogeneity in the...

Persistent link: https://www.econbiz.de/10005703399