Showing 1 - 10 of 503
the household. Essentially, taxation should discourage less the consumption of a certain group of goods: those for which …Using a collective model of consumption, we characterize optimal commodity taxes aimed at targeting specific … individuals within the household. The main message is that distortionary indirect taxation can circumvent the agency problem of …
Persistent link: https://www.econbiz.de/10013127328
Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from … so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife …
Persistent link: https://www.econbiz.de/10013073440
Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … household wealth is crowded out by pensions? (2) Can linear regression analysis accurately estimate the magnitude of crowdout … results indicate that private pensions in the US crowd out less than $0.15 of household saving per dollar of pension wealth …
Persistent link: https://www.econbiz.de/10013128568
with higher total household wealth, lower financial stress and higher expected retirement income. We find little evidence …
Persistent link: https://www.econbiz.de/10012870293
Using micro-data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey this paper examines the … relationship between the gender gap in financial literacy and the gender gap in pension savings amongst non-retired adults aged 18 … where the focus is on pension savings and a more structural specification where the focus is on the "pension return" (the …
Persistent link: https://www.econbiz.de/10013406439
likely to spend household resources on culture, and their joint consumption of such goods may be a potential reason for their …In this paper, we test whether consumption choices are affected by personality traits and whether this impact is … comparing the results for singles and couples, we find evidence of a consumption-based marital surplus for Mental Openness and …
Persistent link: https://www.econbiz.de/10012908890
.e. ignoring within-household inequality). This assessment of existing approaches to measure individual inequality and poverty is …
Persistent link: https://www.econbiz.de/10012914348
This paper studies the direct impact of households' debt on consumption over the business cycle. We use household … leverage, consumption, and asset prices. We find that debt levels exert a negative impact on consumption, which is particularly …' debt in past periods are not relevant in determining consumption; (ii) households adjust faster their consumption to debt …
Persistent link: https://www.econbiz.de/10013406441
. We consider a household that comprises an adult and a child. The household behavior is described by the maximization of …
Persistent link: https://www.econbiz.de/10012777267
We study the role and structure of commodity taxes when consumption and labor supplies are determined through a … incentive term depends on the distribution of bargaining weights across couples. For instance, for the exclusive consumption …
Persistent link: https://www.econbiz.de/10012962286