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Empirical evidence suggests that parents who have themselves inherited from their own parents are more likely to leave an estate to their children even after controlling for income, wealth and education. This implies an indirect reciprocal behavior between three generations by transmitting the...
Persistent link: https://www.econbiz.de/10009579282
Economists have long argued that introducing social insurance will reduce fertility. The hypothesis relies on standard models: if children are desirable in part because they provide security in case of disability or old age, then State programs that provide insurance against these events should...
Persistent link: https://www.econbiz.de/10012489339
flexibly adjusting savings to income variations as assumed by the Permanent Income Hypothesis (PIH). Fixed amount saving …
Persistent link: https://www.econbiz.de/10009668279
We elicit preferences for retirement timing in a laboratory experiment. Subjects make retirement choices under different payoff schemes that introduce variation in financial incentives. Testing ceteris paribus conditions of the financial incentive alone shows a considerable delay of retirement...
Persistent link: https://www.econbiz.de/10011538573
Rising public pension generosity has frequently been cited as one reason for the (persistently) declining fertility rates in many advanced economies. Despite the theoretical appeal, empirical evidence on the pension-fertility nexus is limited. To fill this gap, I study country-level fertility...
Persistent link: https://www.econbiz.de/10011608047
introduction of social pensions targeted at poor elderly people in the late 19th-early 20th century, has reduced mortality rates of … eventually implemented social pensions before World War II. Applying a difference-in-difference-in-difference as well as a … regression discontinuity design, I find no evidence for a decline in elderly mortality due to the introduction of social pensions …
Persistent link: https://www.econbiz.de/10012020108
I study the impact of old-age assistance on mortality using the introduction of public pensions in the UK in 1909 as a …
Persistent link: https://www.econbiz.de/10014235352
This paper investigates the co-movements of job security perceptions and household saving rates using data from the 1992 to 2010 waves of the German Socio-Economic Panel. The empirical analysis reveals that higher job insecurity is generally accompanied by slightly lower saving which suggests...
Persistent link: https://www.econbiz.de/10009670136
The development of expenditure for care services is one of the most intensively debated topics in public. However, studies calculating financial provision gaps only focus on the macro-level implications for the compulsory care insurance. In contrast, this paper examines the individuals’...
Persistent link: https://www.econbiz.de/10008933289
We design an experiment to investigate the influence of announced future variations in interest rates and prices on consumption decisions. In an experimental implementation of the discounted utility model, the subjects learn the entire paths of inflation and interest rates prior to deciding on a...
Persistent link: https://www.econbiz.de/10008935224