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This paper combines income and expenditure with time use data to provide a unique picture of the time paths of labour supplies, saving and full consumption for two-adult households over the life cycle. These data are used to test the life cycle model presented in the paper, at the core of which...
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This paper investigates the determinants of migrants' financial transfers to their home country using German data. A double-hurdle model is applied to analyze the determinants of the propensity to send transfers abroad and the amount of transfers. The findings reveal that return intentions...
Persistent link: https://www.econbiz.de/10010268505
Germany faces a demographic aging process which affects the working-age population first. This paper surveys some … discuss possible effects on labor productivity, wages, and human capital. We also show that the fast-growing dependency ratio …
Persistent link: https://www.econbiz.de/10010262234
In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension …
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The Dutch mandatory pension system consists of two parts: a public pay-as-you-go part that provides a minimum income to all Dutch inhabitants over age 64; and an occupation-specific capital-funded part that provides supplementary retirement income. The goal of this paper is to test for the effect...
Persistent link: https://www.econbiz.de/10010262338
It is argued that migration from Mexico to the US and its corresponding return migration are determined by international wage differentials and preferences for origin. We use a model of job search, savings and migration to show that job turnover is a crucial determinant of the migration process....
Persistent link: https://www.econbiz.de/10010268921