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structural life-cycle model of singles' and married couples' labor supply and savings decisions. The model includes heterogeneity …
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We study the impact of Chinese import competition in the 2000s on workers and their households in England and Wales. We document both the direct employment changes of individuals affected by trade exposure, as well as the employment response of individuals whose partner is exposed to trade. We...
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"This paper studies strategic asset allocation and consumption choice in the presence of regime switching in asset returns. We find evidence that four separate regimes - characterized as crash, slow growth, bull and recovery states - are required to capture the joint distribution of stock and...
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While the savings of retired singles tend to fall with age, those of retired couples tend to rise. We estimate a rich … that while medical expenses are an important driver of the savings of middle-income singles, bequest motives matter for … of medical expenses and bequest motives is a crucial determinant of savings for all retirees. Hence, to understand …
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