Showing 1 - 10 of 125
inequality. In high income countries, the evidence that income (wealth) does have a causal impact on health in adulthood is weak …
Persistent link: https://www.econbiz.de/10010224791
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
. Individual measures of pension wealth, peak and accrual values are constructed using labor market histories and health shocks are … pension wealth, accrual and peak value are significant determinants of retirement decisions, although their effect is weaker …
Persistent link: https://www.econbiz.de/10011377097
This paper focuses on the relation between worker's productivity and retirement decision. Assuming that productivity follows geometric Brownian motion with drift, there exists such a level of productivity for which it is optimal to retire. The worker buys an insurance, which gives a constant...
Persistent link: https://www.econbiz.de/10011334338
retirement. In particular, both the price effect (reducing implicit taxes) and the wealth effect (reducing early retirement … wealth) are shown to have a positive impact on the early retirement age. Yet, we show that model specifications including the …
Persistent link: https://www.econbiz.de/10011348709
Persistent link: https://www.econbiz.de/10003290412
Persistent link: https://www.econbiz.de/10010191307
Rajan andZingales (2003). Wealth distribution shocks are indeed strongly related to private pensionfunding, as a large shock …
Persistent link: https://www.econbiz.de/10011350371
It is well-known that individuals born in different periods of time (cohorts)exhibit different wealth accumulation … accumulate wealth. The first one represents productivitydifferences across cohorts: the aggregate level of GNP per capita when … the head of the household entered thelabor market. The second measure summarizes the changes in Social Security during the …
Persistent link: https://www.econbiz.de/10011302136
I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in … redistributive, as it amplifies both income and wealth inequality. Low-income workers experience a relatively larger decline in … wealth rises. Furthermore, I find that adapting to climate change is more challenging for lowincome households who are …
Persistent link: https://www.econbiz.de/10014233371