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Saving and habit formation : evidence from Dutch panel data

Alessie, Rob; Teppa, Federica - 2002

This paper focuses on the role of habit formation in individual preferencesover consumption and saving. We closely relate to Alessie and Lusardi's(1997) model as we estimate a model which is based on their closed-formsolution, where saving is expressed as a function of lagged saving and...

Persistent link: https://www.econbiz.de/10011327546

House prices, second mortgages and household savings : an empirical investigation for the Netherlands, 1987 - 1994

Rouwendal, Jan; Alessie, Rob - 2002

paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We …) the savings of renters that may be considered as would-beowners. We find a significant effect of home equity on the demand … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …

Persistent link: https://www.econbiz.de/10011327548

House prices, second mortgages and household savings - an empirical investigation for the Netherlands, 1987 - 1994

Rouwendal, Jan; Alessie, Rob - 2002

Persistent link: https://www.econbiz.de/10001689352

Saving and habit formation: evidence from Dutch panel data

Alessie, Rob; Teppa, Federica - 2002

Persistent link: https://www.econbiz.de/10001689444

Non-take-up of tax-favored savings plans : are household portfolios optimal?

Alessie, Rob; Hochgürtel, Stefan; Soest, Arthur van - 2001

Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer …-sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this planare tax-deductible, and … suggests that those who have access to this type of savings should participate inthem, provided they have some financial wealth …

Persistent link: https://www.econbiz.de/10011325658

Financial literacy and retirement planning in the Netherlands

Rooij, Maarten van; Lusardi, Annamaria; Alessie, Rob - In: Journal of economic psychology : research in economic … 32 (2011) 4, pp. 593-608

Persistent link: https://www.econbiz.de/10009295811

Explaining the wealth holdings of different cohorts : productivity growth and social security

Kapteyn, Arie; Alessie, Rob; Lusardi, Annamaria - 1999

It is well-known that individuals born in different periods of time (cohorts)exhibit different wealth accumulation paths. While previous studies have usedcohort dummies to proxy for this fact, research in this area suffers from aserious identification problem, i.e., how to disentangle age, time,...

Persistent link: https://www.econbiz.de/10011302136

Retirement choices in Italy : what an option value model tells us

Belloni, Michele; Alessie, Rob - 2010

Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement choices. As far as we know, this isthe first empirical study to estimate the conditional multiple-years modelput forward by Stock and Wise (1990). This implies that we account...

Persistent link: https://www.econbiz.de/10011382043

Non-take-up of tax-favored savings plans : evidence from Dutch employees

Alessie, Rob; Hochgürtel, Stefan; Soest, Arthur van - In: Journal of economic psychology : research in economic … 27 (2006) 4, pp. 483-501

Persistent link: https://www.econbiz.de/10003350934

The importance of financial incentives on retirement choices

Belloni, Michele; Alessie, Rob - 2008

This study exploits a new dataset in order to quantify the effect of financial incentives on retirement choices. This dataset contains for the first time in Italy information on seniority. In accordance with the general finding in Gruber and Wise (2004), we find that financial incentives have an...

Persistent link: https://www.econbiz.de/10011376456