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persistence. -- Precautionary savings ; unemployment insurance ; long-term unemployment ; income uncertainty …
Persistent link: https://www.econbiz.de/10003934763
This paper empirically investigates the effects of changes in the interest rate as well as transitory income … significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …. -- Consumption-savings decision ; interest rate elasticity of savings ; income uncertainty …
Persistent link: https://www.econbiz.de/10009261306
the poor: once expenditures for subsistence needs are subtracted from disposable household income, household …
Persistent link: https://www.econbiz.de/10009262082
We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the … importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income …
Persistent link: https://www.econbiz.de/10011433584
population six times between April and June 2020. Given the size of the Covid-19 shock, we find little evidence of portfolio …-section shows large differences as young, educated, high income, and risk tolerant investors are net buyers throughout and, thus …
Persistent link: https://www.econbiz.de/10012596661
promote income. Using endogenous switching regression models, we show that local familial networks increase the income of …
Persistent link: https://www.econbiz.de/10003779637
The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the life-cycle hypothesis is solved by allowing for broader...
Persistent link: https://www.econbiz.de/10009579313
The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of … private wealth balance sheets. Entrepreneurs, who face high income risk, hold more wealth than employees, but it is shown that … statutory pension insurance. The analysis accounts for endogeneity of entrepreneurial choice. -- Precautionary saving …
Persistent link: https://www.econbiz.de/10003874776
analyze the determinants of private saving in both country groups. Main results are: saving rates are persistent; income … substitutes. Long-run effects of income growth and public saving are larger in the EU than in the candidate countries, indicating …
Persistent link: https://www.econbiz.de/10011438969
This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual earnings auto-covariances into a permanent and a transitory component. We employ data on complete earnings life cycles forprime age men born 1935 through 1974 that covers earnings...
Persistent link: https://www.econbiz.de/10011373904