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This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full...
Persistent link: https://www.econbiz.de/10011401086
through 2001, we analyse the impact of wealth, savings, and debt position on job exit rates. We find evidence for a positive …
Persistent link: https://www.econbiz.de/10003355646
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/10010510507
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/10009766145
Partnering with a savings product provider in Kenya, we tested the extent to which behavioral interventions and … participants were asked to keep track of their weekly deposits (3) a match of weekly savings: The match was either 10% or 20% up to …
Persistent link: https://www.econbiz.de/10011497226
We study the evolution of health investment over the life-cycle by calibrating a model of endogenous health accumulation. The model is able to produce the decline in labor supply with age as well as the hump-shaped consumption profile. In both cases, health and health investment play a crucial...
Persistent link: https://www.econbiz.de/10003903247
In this paper, I estimate the fiscal impact of immigrants on the German pension insurance (PI) and unemployment insurance (UI) systems when return migration is an endogenous choice. For this purpose, I develop a dynamic stochastic model of joint return migration and saving decisions that...
Persistent link: https://www.econbiz.de/10003959164
Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...
Persistent link: https://www.econbiz.de/10003666470
Life cycle savings is proposed as one explanation for much of the increase in savings and economic growth in Asia. The … association between the age composition of a nation's population and its savings rate, observed within 16 Asian countries from … savings is exogenous. Specification tests as well as common sense imply, moreover, that lagged savings is likely to be …
Persistent link: https://www.econbiz.de/10002592079
Labor markets are characterized by large heterogeneity in job stability. Some workers hold lifetime jobs, whereas others cycle repeatedly in and out of employment. This paper explores the economic consequences of such heterogeneity. Using Survey of Consumer Finances (SCF) data, we document a...
Persistent link: https://www.econbiz.de/10012316760