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Using Italian data, we estimate an option value model to quantify the effect
Persistent link: https://www.econbiz.de/10008838550
Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement choices. As far as we know, this isthe first empirical study to estimate the conditional multiple-years modelput forward by Stock and Wise (1990). This implies that we account...
Persistent link: https://www.econbiz.de/10011257328
This paper focuses on the role of habit formation in individual preferences over consumption and saving. We closely relate to Alessie and Lusardi's (1997) model as we estimate a model which is based on their closed-form solution, where saving is expressed as a function of lagged saving and other...
Persistent link: https://www.econbiz.de/10005144434
It is well-known that individuals born in different periods of time (cohorts) exhibit different wealth accumulation paths. While previous studies have used cohort dummies to proxy for this fact, research in this area suffers from a serious identification problem, i.e., how to disentangle age,...
Persistent link: https://www.econbiz.de/10005144466
Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer …- sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this plan are tax … suggests that those who have access to this type of savings should participate in them, provided they have some financial …
Persistent link: https://www.econbiz.de/10005795582
This paper focuses on the role of habit formation in individual preferencesover consumption and saving. We closely relate to Alessie and Lusardi's(1997) model as we estimate a model which is based on their closed-formsolution, where saving is expressed as a function of lagged saving and...
Persistent link: https://www.econbiz.de/10011256359
Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer …-sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this planare tax-deductible, and … suggests that those who have access to this type of savings should participate inthem, provided they have some financial wealth …
Persistent link: https://www.econbiz.de/10011257210
It is well-known that individuals born in different periods of time (cohorts)exhibit different wealth accumulation paths. While previous studies have usedcohort dummies to proxy for this fact, research in this area suffers from aserious identification problem, i.e., how to disentangle age, time,...
Persistent link: https://www.econbiz.de/10011257559