Showing 1 - 10 of 62
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, consumption and wealth to quantify the degree of insurance against income risk. The …
Persistent link: https://www.econbiz.de/10011637578
We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …
Persistent link: https://www.econbiz.de/10010420293
lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …
Persistent link: https://www.econbiz.de/10011282352
We use a new panel dataset of credit card accounts to analyze how consumer responded to the 2001 Federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that, on...
Persistent link: https://www.econbiz.de/10010986371
We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …
Persistent link: https://www.econbiz.de/10010958788
The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income …
Persistent link: https://www.econbiz.de/10010958808
confidence may drive house prices and aggregate consumption. …
Persistent link: https://www.econbiz.de/10011348214
This study examines the role of actual and perceived financial sophistication (i.e., financial literacy and confidence) for individuals' wealth accumulation. Using survey data from the German SAVE initiative, we find strong gender- and education-related differences in the distribution of the two...
Persistent link: https://www.econbiz.de/10011420395
accumulation and consumption; and (ii) randomized vignette-survey policy experiments. We implement both tools in the United States …
Persistent link: https://www.econbiz.de/10011612851
calibrated lifecycle consumption and portfolio choice model embodying realistic institutional considerations. Our welfare …
Persistent link: https://www.econbiz.de/10011936359