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Optimal Social Assistance and Unemployment Insurance in a Life-Cycle Model of Family Labor Supply and Savings
Haan, Peter - 2015
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/10013023767
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Do Mandatory Pensions Decrease Household Savings? Evidence for the Netherlands
Euwals, Rob - 2004
income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch … households. The survey contains rich information on household wealth, pension rights and savings attitudes. A result of the …
Persistent link: https://www.econbiz.de/10012786283
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Income Inequality and Saving
Alvarez-Cuadrado, Francisco - 2013
Over the last three decades, average income for the bottom half of the US distribution increased by 8% while their average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in inequality and a continuous decrease in the aggregate...
Persistent link: https://www.econbiz.de/10013088975
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Do Wealthier Households Save More? The Impact of the Demographic Factor
Belke, Ansgar Hubertus - 2012
the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …
Persistent link: https://www.econbiz.de/10013105997
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Older Women : Pushed into Retirement by the Baby Boomers?
Macunovich, Diane J. - 2010
Older women's patterns of labor supply over the past forty years have differed markedly from those of younger women. Their labor force participation declined sharply during a period of rapid increase for younger women, and then increased significantly while younger women's plateaued and even...
Persistent link: https://www.econbiz.de/10013149612
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Older Men : Pushed into Retirement by the Baby Boomers?
Macunovich, Diane J. - 2010
The United States has experienced over the past forty years an apparent correspondence between the pattern of retirement among men aged 55-69, and the proportion of workers aged 25-34 working part-year and/or part-time. The latter was an effect of overcrowding among the baby boomers as they...
Persistent link: https://www.econbiz.de/10013149613
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Demographic Changes, Labor Supplies, Labor Complementarities, Calendar Annual Wages of Age Groups, and Cohort Life Wage Incomes
Jensen, Bjarne; Pedersen, Peder J.; Guest, Ross - 2022
This paper analyzes the impact on age group wage differentials in a setting of imperfect labor substitution at different ages (years) of working life. We examine the wage prospect of assuming medium, high, and low levels of fertility during the population projection period (2020-2090). Main...
Persistent link: https://www.econbiz.de/10014083814
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Pension Design with a Large Informal Labor Market : Evidence from Chile
Joubert, Clement Jean Edouard - 2014
This paper investigates empirically the fiscal and welfare trade-offs involved in designing a pension system when workers can avoid participation by working informally. A dynamic behavioral model captures a household's labor supply, formal/informal sector choice and saving decisions under the...
Persistent link: https://www.econbiz.de/10013052709
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Competition and the Ratchet Effect
Charness, Gary; Kuhn, Peter Joseph; Villeval, Marie-Claire - 2021
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent's early actions to the agent's later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we experimentally...
Persistent link: https://www.econbiz.de/10013324885
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Retirement and Consumption in a Life Cycle Model
Blau, David - 2007
Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern. A richer version of the model is calibrated to data...
Persistent link: https://www.econbiz.de/10014224349