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Household Saving in Germany : Results of the first SAVE study
Borsch-Supan, Axel - 2003
the so-called SAVE panel, specifically collected to understand economic, psychological and sociological determinants of … saving. Overall, we find extraordinarily stable savings patterns. More than 40% of German households save regularly a fixed … amount. About 25% of German households plan their savings and have a clearly defined savings target in mind. Most of German …
Persistent link: https://www.econbiz.de/10012468795
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Do Required Minimum Distribution 401(k) Rules Matter, and For Whom? Insights from a Lifecycle Model
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - National Bureau of Economic Research - 2021
Tax-qualified vehicles helped U.S. private-sector workers accumulate $25Tr in retirement assets. An often-overlooked important institutional feature shaping decumulations from these retirement plans is the "Required Minimum Distribution" (RMD) regulation, requiring retirees to withdraw a minimum...
Persistent link: https://www.econbiz.de/10012482705
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Life-Cycle Consumption Patterns at Older Ages in the US and the UK : Can Medical Expenditures Explain the Difference?
Banks, James - 2016
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...
Persistent link: https://www.econbiz.de/10012456166
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Explanations for the Decline in Spending at Older Ages
Rohwedder, Susann; Hurd, Michael D.; Hudomiet, Péter - National Bureau of Economic Research - 2022
We use new data from the 2019 wave of the Consumption and Activities Mail Survey to help interpret the observed decline in spending as individuals age. At one extreme, forward-looking individuals optimally chose the decline; at the other, myopic individuals overspent and were forced to reduce...
Persistent link: https://www.econbiz.de/10013388816
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Long-Term-Care Utility and Late-in-Life Saving
Ameriks, John - 2015
Older wealthholders spend down assets much more slowly than predicted by classic life-cycle models. This paper introduces health-dependent utility into a model in which preferences for bequests, expenditures when in need of long-term care (LTC), and ordinary consumption combine with health and...
Persistent link: https://www.econbiz.de/10012457693
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An analysis of postwar US consumption and saving
Boskin, Michael J.; Lau, Lawrence J.
Persistent link: https://www.econbiz.de/10000749312
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An Analysis of U.S. Postwar Consumption and Saving : Part II -- Empirical Results
Boskin, Michael J. - 1988
A new empirical analysis of aggregate United States consumption and saving for the period 1947-80 is presented. The model is based on the theory of exact aggregation. It recognizes explicitly that households with different characteristics may be heterogeneous in their behavior and that aggregate...
Persistent link: https://www.econbiz.de/10012476431
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An Analysis of Postwar U.S. Consumption and Saving : Part I -- The Model and Aggregation
Boskin, Michael J. - 1988
A new empirical analysis of aggregate United States consumption and saving for the period 1947-80 is presented. The model is based on the theory of exact aggregation. It recognizes explicitly that households with different characteristics may be heterogeneous in their behavior and that aggregate...
Persistent link: https://www.econbiz.de/10012476432
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Regularization from Economic Constraints : A New Estimator for Marginal Emissions
Holland, Stephen P.; Mansur, Erin; Verdier, Valentin; … - National Bureau of Economic Research - 2024
Environmental policy is increasingly concerned with measuring emissions resulting from local changes to electricity consumption. These marginal emissions are challenging to measure because electricity grids encompass multiple locations and the information available to identify the effect of each...
Persistent link: https://www.econbiz.de/10014468265
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What Do People Buy When They Don't Buy Health Insurance And What Does that Say about Why They are Uninsured?
Levy, Helen - 2003
Using data from the 1994 through 1998 Consumer Expenditure Surveys, we compare household spending on 16 different goods (food at home, food away from home, housing, transportation, alcohol and tobacco, interest, furniture and appliances, home maintenance, clothing, utilities, medical care,...
Persistent link: https://www.econbiz.de/10012468872