Narrow search
Showing 1 - 10 of 117
Cover Image
Life-cycle consumption patterns at older ages in the US and the UK: Can medical expenditures explain the difference?
Banks, James; Blundell, Richard; Levell, Peter; Smith, … - 2015
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...
Persistent link: https://www.econbiz.de/10011335621
Cover Image
The effect of the financial crisis on older households in England
Banks, James; Crawford, Rowena; Crossley, Thomas; … - 2012
Prices of real and financial assets fell substantially in the UK during 2008-09. The fourth wave of the English Longitudinal Study of Ageing (ELSA) was in the field throughout this 'financial crisis'. We use these data and earlier ELSA waves first to document the effect of the crisis on the...
Persistent link: https://www.econbiz.de/10010331053
Cover Image
Self-employment and labor market risks
Audoly, Richard - 2024
I study the labor market risks associated with being self-employed. I document that the self-employed are subject to larger earnings fluctuations than employees and that they frequently transition into unemployment. Given the self-employed are not eligible to unemployment insurance, I analyze...
Persistent link: https://www.econbiz.de/10014581780
Cover Image
Saving after retirement and preferences for residual wealth
Fella, Giulio; Holm, Martin Blomhoff; Pugh, Thomas - 2024
We use administrative data for Norway to estimate an incomplete-market life-cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without...
Persistent link: https://www.econbiz.de/10014581860
Cover Image
Life-cycle consumption patterns at older ages in the US and the UK: Can medical expenditures explain the difference?
Banks, James; Blundell, Richard; Levell, Peter; Smith, … - 2016
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...
Persistent link: https://www.econbiz.de/10011786830
Cover Image
Demographics in demand systems
Blow, Laura - Institute for Fiscal Studies (IFS) - 2003
Household composition can be expected to affect the allocation of household expenditure among goods, at the very least because of economies of scale as household size increases and because different people have different needs (adults versus children, for example). Specifying demographic effects...
Persistent link: https://www.econbiz.de/10005811425
Cover Image
The effect of the financial crisis on older households in England
Banks, James; Crawford, Rowena; Crossley, Thomas; … - Institute for Fiscal Studies (IFS) - 2012
Prices of real and financial assets fell substantially in the UK during 2008–09. The fourth wave of the English Longitudinal Study of Ageing (ELSA) was in the field throughout this ‘financial crisis’. We use these data and earlier ELSA waves first to document the effect of...
Persistent link: https://www.econbiz.de/10011152732
Cover Image
Integrability of demand accounting for unobservable heterogeneity: A test on panel data
Christensen, Mette - 2007
implications for panel data and use a unique long panel data set to test them. Because of the sizeable longitudinal length of the … panel, we are able to identify a very flexible specification of unobservable heterogeneity: We model individual demands as … deviate with only a few percentage points from the homogeneous model at the mean. – Demand ; Panel data ; Unobservable …
Persistent link: https://www.econbiz.de/10010293072
Cover Image
Heterogeneity in consumer demands and the income effect: Evidence from panel data
Christensen, Mette - 2007
data are biased. In contrast, panel data allows identification of the coefficients on consumer behavior in the presence of … unobservable correlated heterogeneity. In this paper we make use of a unique Spanish panel data set on household expenditures to …
Persistent link: https://www.econbiz.de/10010293073
Cover Image
Saving on a rainy day, borrowing for a rainy day
Alan, Sule; Crossley, Thomas; Low, Hamish - 2012
The aim of this paper is to understand what a recession means for individual consumers, and to model in a life-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in the current and recent recessions. We show...
Persistent link: https://www.econbiz.de/10010331007