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Consumption Insurance or Consumption Mobility

Jappelli, Tullio; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 1999

The theory of full consumption insurance posits that households are insulated from all idiosyncratic shocks so that the ratio of the marginal utilities of consumption of any two households is constant over time. Consumption insurance therefore implies absence of consumption mobility between any...

Persistent link: https://www.econbiz.de/10005124364

Partial Insurance, Information, and Consumption Dynamics

Blundell, Richard William; Pistaferri, Luigi; Preston, Ian - C.E.P.R. Discussion Papers - 2002

This Paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special cases of self-insurance and the complete markets...

Persistent link: https://www.econbiz.de/10005136501

Consumption Inequality and Family Labor Supply

Blundell, Richard William; Pistaferri, Luigi; … - C.E.P.R. Discussion Papers - 2012

and fi…nd strong evidence of smoothing of male’s and female’s permanent shocks to wages. Once family labor supply, assets …

Persistent link: https://www.econbiz.de/10011084379

Anticipated and Unanticipated Wage Changes, Wage Risk, and Intertemporal Labour Supply

Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2002

information on the evolution and riskiness of future wages that the econometrician may never hope to observe. Second, they allow … anticipated and unanticipated wage changes avoids the need of specifying instruments for the growth rate of wages, which is … than previous micro estimates. A parametric permanent innovation in wages impacts positively the rate of growth of labour …

Persistent link: https://www.econbiz.de/10005791984

Framing Effects and Expected Social Security Claiming Behavior

Brown, Jeffrey R. - 2011

Eligible participants in the U.S. Social Security system may claim benefits anytime from age 62-70, with benefit levels actuarially adjusted based on the claiming age. This paper shows that individual intentions with regard to Social Security claiming ages are sensitive to how the early versus...

Persistent link: https://www.econbiz.de/10013125577

Work Disability, Work, and Justification Bias in Europe and the U.S

Kapteyn, Arie - 2010

To analyze the effect of health on work, many studies use a simple self-assessed health measure based upon a question such as "do you have an impairment or health problem limiting the kind or amount of work you can do?" A possible drawback of such a measure is the possibility that different...

Persistent link: https://www.econbiz.de/10013151371

Using Vignettes to Improve Understanding of Social Security and Annuities

Samek, Anya - 2020

Evidence shows that people have difficulty understanding complex aspects of retirement planning, which leads them to under-utilize annuities and claim Social Security benefits earlier than is optimal. To target this problem, we developed vignettes about the consequences of different...

Persistent link: https://www.econbiz.de/10012835892

Social Security Programs and Employment at Older Ages in the Netherlands

de Vos, Klaas - 2018

There have been a vast number of social security reforms aimed at increasing employment at older ages over the last two decades in the Netherlands. These reforms mainly lead to more stringent eligibility criteria for, and reduced generosity of, social security programs. Our empirical evidence...

Persistent link: https://www.econbiz.de/10012908153

Using Vignettes to Improve Understanding of Social Security and Annuities

Samek, Anya - 2019

Persistent link: https://www.econbiz.de/10012864147

Social Security and Retirement in the Netherlands

Kapteyn, Arie; de Vos, Klaas - 2022

Compared to other industrialized countries, the labor force participation of the elderly in the Netherlands is very low. Moreover, it has fallen very fast over recent years. We discuss the incentives for employees to retire, arising from public schemes such as social security and disability...

Persistent link: https://www.econbiz.de/10013324606