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Matching and Saving in Continuous Time : Theory

Bayer, Christian - 2010

generalized Keynes-Ramsey rule includes a precautionary savings term. A phase diagram analysis illustrates consumption and wealth …

Persistent link: https://www.econbiz.de/10013144214

On the Desirability of Taxing Capital Income to Reduce Moral Hazard in Social Insurance

Jacobs, Bas - 2009

This paper analyzes optimal linear taxes on labor income and savings in a standard two-period life-cycle model with …

Persistent link: https://www.econbiz.de/10013155825

Aging, the Great Moderation and Business-Cycle Volatility in a Life-Cycle Model

Heer, Burkhard - 2014

According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model that replicates the empirically observed pattern and...

Persistent link: https://www.econbiz.de/10013059476

Adaptation, Anticipation-Bias and Optimal Income Taxation

Aronsson, Thomas - 2012

-formation process. The analysis is based on a general equilibrium OLG model with endogenous labor supply and savings where each consumer …-bias through a combination of time-variant marginal labor income taxes and savings subsidies. Furthermore, the optimal policy mix … remains the same, irrespective of whether consumers commit to their original life-time plan for work hours and savings decided …

Persistent link: https://www.econbiz.de/10013104834

Matching and Saving in Continuous Time : Proofs

Bayer, Christian - 2010

This paper provides the proofs to the analysis of a continuous time matching model with saving in Bayer and Wälde (2010a). The paper proves the results on consumption growth, provides an existence proof for optimal consumption and a detailed derivation of the Fokker-Planck equations

Persistent link: https://www.econbiz.de/10013144211

Inter-Temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union

Schnabl, Gunther - 2013

theory of optimum currency areas. We show that the asymmetric shock of the German unification can be seen not only as the …

Persistent link: https://www.econbiz.de/10013094029

What is an Adequate Standard of Living during Retirement?

Binswanger, Johannes - 2010

Many economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be, despite the fact that it is crucial for the design...

Persistent link: https://www.econbiz.de/10013149011

Fair Intergenerational Utilitarianism : Risk, its Resolution Over Time, and Discounting

Piacquadio, Paolo G. - 2015

The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...

Persistent link: https://www.econbiz.de/10013030316

Teamwork as a Self-Discipline Device

Fahn, Matthias - 2015

We show that team formation can serve as an implicit commitment device to overcome problems of self-control. In a situation where individuals have present-biased preferences, any effort that is costly today but rewarded at some later point in time is too low from the perspective of an...

Persistent link: https://www.econbiz.de/10013030338

Foundations for Intertemporal Choice

Al-Nowaihi, Ali - 2018

We consider discounted-utility models with a reference stream of outcomes. We provide a common framework for the main empirically supported discount functions in terms of three underlying functions: The delay, speedup and generating functions. Each of the delay and speedup functions can be...

Persistent link: https://www.econbiz.de/10012920859