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Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality
Primiceri, Giorgio; van Rens, Thijs - Institute for the Study of Labor (IZA) - 2007
transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable lifecycle … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …
Persistent link: https://www.econbiz.de/10005703321
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The Response of Consumption in Russian Households to Economic Shocks
Stillman, Steven - Institute for the Study of Labor (IZA) - 2001
This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …
Persistent link: https://www.econbiz.de/10005566824
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Decomposing Changes in Income Risk Using Consumption Data
Blundell, Richard; Low, Hamish; Preston, Ian - Institute for the Study of Labor (IZA) - 2011
stochastic simulation of consumption choices in a nonstationarity environment is used to show the robustness of the method for …
Persistent link: https://www.econbiz.de/10009371904
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Income Receipt and Mortality: Evidence from Swedish Public Sector Employees
Andersson, Elvira; Lundborg, Petter; Vikström, Johan - Institute for the Study of Labor (IZA) - 2014
In this paper, we study the short-run effect of salary receipt on mortality among Swedish public sector employees. By exploiting variation in pay-days across work-places, we completely control for mortality patterns related to, for example, public holidays and other special days or events...
Persistent link: https://www.econbiz.de/10010886134
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Partial Insurance and Investments in Children
Carneiro, Pedro; Ginja, Rita - Institute for the Study of Labor (IZA) - 2015
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the...
Persistent link: https://www.econbiz.de/10011265290
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Longevity, Life-Cycle Behavior and Pension Reform
Haan, Peter; Prowse, Victoria L. - Institute for the Study of Labor (IZA) - 2011
, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …
Persistent link: https://www.econbiz.de/10009216747
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Pension Plan Characteristics and Framing Effects in Employee Savings Behavior
Card, David E.; Ransom, Michael R. - Institute for the Study of Labor (IZA) - 2007
In this paper we document the importance of framing effects in the retirement savings decisions of college professors. Pensions in many post-secondary institutions are funded by a combination of an employer contribution and a mandatory employee contribution. Employees can also make tax-deferred...
Persistent link: https://www.econbiz.de/10005703794
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‘Arranged’ Marriage, Co-Residence and Female Schooling: A Model with Evidence from India
Dasgupta, Indraneel; Maitra, Pushkar; Mukherjee, Diganta - Institute for the Study of Labor (IZA) - 2008
We model the consequences of parental control over choice of wives for sons, for parental incentives to educate daughters, when the marriage market exhibits competitive dowry payments and altruistic but paternalistic parents benefit from having married sons live with them. By choosing uneducated...
Persistent link: https://www.econbiz.de/10005822138
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Early Retirement Behaviour in the Netherlands: Evidence from a Policy Reform
Euwals, Rob; Vuuren, Daniel van; Wolthoff, Ronald - Institute for the Study of Labor (IZA) - 2006
In the early 1990s, the Dutch social partners agreed upon transforming the generous and actuarially unfair PAYG early retirement schemes into less generous and actuarially fair capital funded schemes. The starting dates of the transitional arrangements varied by industry sector. In this study,...
Persistent link: https://www.econbiz.de/10005822332
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Limited Self-Control, Obesity and the Loss of Happiness
Stutzer, Alois - Institute for the Study of Labor (IZA) - 2007
food might well have overstrained will power and led to suboptimal consumption decisions relative to people’s own standards …
Persistent link: https://www.econbiz.de/10005822806