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Persistent link: https://www.econbiz.de/10012509953
Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth … include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research … suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro-area countries. First, we …
Persistent link: https://www.econbiz.de/10011440820
of households. The model allows for dynamic adjustment and variations in the savings behavior over the wealth … transfer volume, the transfer incidence over the wealth distribution and the effect of the savings behavior. The results are … variations in the savings behavior over the wealth distribution and despite a strong relationship between initial household …
Persistent link: https://www.econbiz.de/10011915902
Persistent link: https://www.econbiz.de/10000660672
and savings decisions of singles and married couples. Partial insurance against wage and employment shocks is provided by … social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on …
Persistent link: https://www.econbiz.de/10010530687
We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions such as those around retirement should not affect consumption. However, we first recall that given higher leisure endowments after retirement, the theory does predict a fall of...
Persistent link: https://www.econbiz.de/10011455042
harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …
Persistent link: https://www.econbiz.de/10010388544
. To do so, we specify a structural life-cycle model of the labor supply, savings, and social assistance claiming decisions …, savings, and the labor supplies of all adult household members. We show that the optimal policy mix is dominated by moderately …
Persistent link: https://www.econbiz.de/10012108668
structural life-cycle model of singles' and married couples' labor supply and savings decisions. The model includes heterogeneity … by age, education, wealth, sex and household composition. In aggregate, social assistance dominates unemployment …
Persistent link: https://www.econbiz.de/10014286635
This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment. This proposition is a fundamental assumption underlying numerous studies on intertemporal choice and has important implications for tax policy. Using nonparametric and panel...
Persistent link: https://www.econbiz.de/10010384031