Showing 1 - 10 of 776
Persistent link: https://www.econbiz.de/10002035017
constraints. We assume that consumption is governed by a linear function of wealth, whose coefficients are revised each period by …
Persistent link: https://www.econbiz.de/10012463222
How significant are individual differences in self-control? Do these differences impact wealth accumulation? From where … impede wealth accumulation, particularly in liquid form. Problems of under-consumption have the opposite effects. 3.Self …
Persistent link: https://www.econbiz.de/10012468179
The objective of the work reported in this paper is to find if the consumption data from the six waves of the Retirement History Survey are consistent with the life cycle hypothesis of consumption and to test the importance of a bequest motive for saving. The 12 data items which are used cover...
Persistent link: https://www.econbiz.de/10012475555
strongly deleverage by "fire selling" their risky assets as asset prices drop. Yet, consistently with the data, their debt-to-wealth … ratios increase as higher discount rates make their wealth decline faster …
Persistent link: https://www.econbiz.de/10012455775
inactivity in this setting can be socially costly. We study how the Danish population responds to mortgage refinancing incentives … highest for older households and households with low income, education, housing wealth, and financial wealth, making it the …
Persistent link: https://www.econbiz.de/10012457282
The wealthy hand-to-mouth are households who hold little or no liquid wealth (cash, checking, and savings accounts …
Persistent link: https://www.econbiz.de/10012458591
Persistent link: https://www.econbiz.de/10001464237
In the household sector of the Flow of Funds Accounts, the difference between net acquisition of financial assets and net financial savings is equal to a statistical discrepancy which is often quite large relative to the reported changes in asset holdings. This means that the budget restrictions...
Persistent link: https://www.econbiz.de/10012478383
This paper uses the Flow of Funds accounts to assess the impact of a monetary policy shock on the borrowing and lending activities of different sectors of the economy. Our measures of contractionary monetary policy shocks have the following properties: (i) they are associated with a fall in...
Persistent link: https://www.econbiz.de/10012474229