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Time preferences over the life cycle and household saving puzzles
Kureishi, Wataru; Paule-Paludkiewicz, Hannah; … - 2021
cycle. Decreasing discounting helps a canonical life-cycle model to explain the household saving puzzles of undersaving when …
Persistent link: https://www.econbiz.de/10012486383
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What is an adequate standard of living during retirement?
Binswanger, Johannes; Schunk, Daniel - 2009
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/10003923525
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Age-targeted income taxation, labor supply, and retirement
Gustafsson, Johan - 2021
cycle labor supply, retirement timing, and savings. I develop a structural model in continuous time where the life-cycle of … for consumption/savings, labor supply/leisure, and retirement timing are then obtained by solving the model as a salvage …
Persistent link: https://www.econbiz.de/10012495695
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The Hayek pension : an efficient minimum pension to complement the welfare state
Weizsäcker, Jakob von - 2003
ride. Recent literature is undecided to what extent this inefficient savings distortion should be addressed by a compulsory … show that it is Pareto improving to fully eliminate the savings distortion by means of a compulsory pension termed Hayek …
Persistent link: https://www.econbiz.de/10011511049
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Time inconsistency and retirement choice
Scott, Findley, T.; Caliendo, Frank - 2015
Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of why people borrow so much and why they wait so long to save for retirement. We reach a different set of conclusions. We show that if financial planning is enriched to include...
Persistent link: https://www.econbiz.de/10010479952
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Progressive tax changes to superannuation in a lifecycle framework
Kudrna, George; Woodland, Alan D. - 2015
This paper provides a quantitative analysis of hypothetical replacements of existing tax arrangements applied to superannuation (Australia.s term for private pensions) with traditional EET and TEE regimes. These taxation regimes exempt pension fund earnings from any taxation and tax either...
Persistent link: https://www.econbiz.de/10011404438
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Job stability, earnings dynamics, and life-cycle savings
Kuhn, Moritz; Ploj, Gašper - 2020
Labor markets are characterized by large heterogeneity in job stability. Some workers hold lifetime jobs, whereas others cycle repeatedly in and out of employment. This paper explores the economic consequences of such heterogeneity. Using Survey of Consumer Finances (SCF) data, we document a...
Persistent link: https://www.econbiz.de/10012316968
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Why are the wealthiest so wealthy? : a longitudinal empirical investigation
Ozkan, Serdar; Hubmer, Joachim; Salgado, Sergio; … - 2023
We use Norwegian administrative panel data on wealth and income between 1993 and 2015 to study lifecycle wealth dynamics, focusing on the wealthiest households. On average, the wealthiest start their lives substantially richer than other households in the same cohort, own mostly private equity,...
Persistent link: https://www.econbiz.de/10014234055
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A life-cycle theory analysis of french household electricity demand
Belaïd, Fateh; Rault, Christophe; Massié, Camille - 2021
This paper develops a pseudo-panel approach to examine household electricity demand behaviour through the household … electricity consumption follows an inverted U-shaped distribution as a function of the age of the household's head. Most notably … outcome has important implications for policy-making. Any public policy aimed at reducing household energy consumption should …
Persistent link: https://www.econbiz.de/10012415417
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Tenure choice, portfolio structure and long-term care : optimal risk management in retirement
Fehr, Hans; Hofmann, Maurice - 2019
We study the interplay between tenure decisions, stock market investment and the public social security system. Housing equity not only serves a dual purpose as a consumption good and as an asset, but also provides insurance to buffer various risks in retirement. Our life cycle model captures...
Persistent link: https://www.econbiz.de/10012050806