Showing 1 - 10 of 190
In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel data on households in five countries: Spain and Italy (the South), and Germany, Britain, and the US (the North). Our empirical results indicate that an increase in the duration...
Persistent link: https://www.econbiz.de/10009781654
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state contingent transfers to agents most in need. On the...
Persistent link: https://www.econbiz.de/10009765509
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/10011551036
Rising income inequality since the 1980s in the United States has generated a substantial increase in saving by the top of the income distribution, which we call the saving glut of the rich. The saving glut of the rich has been as large as the global saving glut, and it has not been associated...
Persistent link: https://www.econbiz.de/10012197559
We quantify the commute time savings associated with work from home, drawing on data for 27 countries. The average … daily time savings when working from home is 72 minutes in our sample. We estimate that work from home saved about two hours …. Workers allocate 40 percent of their time savings to their jobs and about 11 percent to caregiving activities. People living …
Persistent link: https://www.econbiz.de/10013502723
of long-term care subsidies on savings is far from clear. In this paper we take advantage of a policy intervention to … study the effect on savings and savings behaviour of the progressive introduction of a public long-term care subsidy … Spanish old-age dependants to obtain care support, and was orthogonal to household savings. We draw on a difference …
Persistent link: https://www.econbiz.de/10011547941
reason is that prices for the two most important long-term savings objectives - housing and healthcare - are rising …-term savings objectives and see purchasing power decline, or they compromise financial security and invest in highly volatile …
Persistent link: https://www.econbiz.de/10011497972
implications for savings and long-term care policies. We first develop a theoretical model predicting that higher nursing home … aversion should induce higher savings and stronger support for policies subsidizing home care. We further document, based on a … likely to have higher intended savings for older age because of the pandemic. We also find that they are more likely to …
Persistent link: https://www.econbiz.de/10012619442
crisis. The paper recommends obligatory priv ate savings at a variable rate where the time path of the savings rate is chosen …
Persistent link: https://www.econbiz.de/10009781686
were interviewed to assess their knowledge about pensions and financial issues and about their own savings and personal …
Persistent link: https://www.econbiz.de/10012288024