We study workers' idiosyncratic earnings risk over the life-cycle using a German administrative data set. Positive and … incomplete markets model. Moreover, age-varying risk implies a linear increase in consumption inequality late in working life …

In this paper, we empirically assess the causal relationship between trade and individual income risk and study the … from 1976 to 2012. Our estimates suggest substantial heterogeneity in labor income risk across workers in different entry … exports (per worker) are strongly and causally related to income risk: Imports increase risk and exports decrease risk, and …

better retirement planning. However, relatively little is known about the decision making process for retirement savings … preparation for retirement. This paper investigates the relationship between the financial literacy of members of pre-retirement …

with higher total household wealth, lower financial stress and higher expected retirement income. We find little evidence … assume responsibility for a greater share of their future retirement saving and health and long-term care costs. Financial … financial literacy is an important determinant of financial protection in the older pre-retirement population in Ireland. Using …

hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …, and the capital-income ratio. It follows that the pension composition in general and social security in particular is …

Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate …'s unobserved heterogeneity. We conclude that the reform immediately reduced both spouses' retirement probability. The wife …'s retirement probability also drops by 1 to 4 percentage points if the husband is hit by the reform, and vice-versa. Instrumenting …

Analysing the US Panel Study of Income Dynamics, we present a new empirical method to investigate the extent to which … households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach – termed a … risk, and is unique in recovering for, any given risky asset class, the shares that are reallocated to a safer asset …

using a suitable direct measure provided in the 1989-2010 Bank of Italy Survey of Household Income and Wealth. Focusing on a … and total income and wealth, but more importantly that it increases with the difference between hers and her husband …'s characteristics in terms of age, education, and income. The main conclusion is that decision-making power over family economics is not …

left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems …