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Changes in Risk and the Demand for Saving
Eeckhoudt, Louis - 2008
How does risk affect saving? Empirical work typically examines the effects of detectible differences in risk within the data. How these differences affect saving in theoretical models depends on the metric one uses for risk. For labor-income risk, second-degree increases in risk require prudence...
Persistent link: https://www.econbiz.de/10012770441
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How Changing Prudence and Risk Aversion Affect Optimal Saving
Bauer, Christian; Buchholz, Wolfgang - 2021
function change. Increasing prudence alone will induce higher savings only if, for certain combinations of the interest rate …
Persistent link: https://www.econbiz.de/10013316461
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Will Women Save More than Men? A Theoretical Model of Savings and Marriage
Grossbard, Shoshana Amyra - 2010
higher marriage rates and higher divorce rates will be associated with higher savings rates in the presence of economies of … marriage and with lower savings rates in the presence of diseconomies of marriage. In the context of traditional gender roles … traditional gender roles and marital status to understanding cross-country variation in gender differentials in savings behavior …
Persistent link: https://www.econbiz.de/10013139496
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Annuity Market Imperfection, Retirement and Economic Growth
Heijdra, Ben J. - 2009
We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...
Persistent link: https://www.econbiz.de/10013157843
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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
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Is Social Security Behind the Collapse of Personal Saving?
Caliendo, Frank - 2009
This paper considers the quantitative role of growth in the size of the social security program in contributing to the collapse of personal saving in the U.S. over the last few decades. Using a calibrated, general equilibrium life-cycle model this paper shows that social security may not be to...
Persistent link: https://www.econbiz.de/10013157190
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Buffer-Stock Saving and Households' Response to Income Shocks
Fella, Giulio - 2016
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information contained in the joint dynamics of income,...
Persistent link: https://www.econbiz.de/10012978454
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Saving Alberta's Resource Revenues : Role of Intergenerational and Liquidity Funds
Van Den Bremer, Ton - 2016
below-ground wealth, complemented by additional precautionary savings at initial times to build up a small liquidity fund to …
Persistent link: https://www.econbiz.de/10012979602
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Uncertain Longevity and Investment in Education
Sheshinski, Eytan - 2009
It has been argued that increased life expectancy raises the rate of return on education, causing a rise in the investment in education followed by an increase in lifetime labor supply. Empirical evidence of these relations is rather weak. Building on a lifecycle model with uncertain longevity,...
Persistent link: https://www.econbiz.de/10013156047
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Growth and the Ageing Joneses
Fisher, Walter H.; Heijdra, Ben J. - 2021
We incorporate Keeping-up-with-the-Joneses (KUJ) preferences into the Blanchard-Yaari (BY) framework and develop, using an AK technology, a model of balanced growth. In this context we investigate status preference, demographic, and pension policy shocks. We find that a higher degree of KUJ...
Persistent link: https://www.econbiz.de/10013316442