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Older people's willingness to delay social security claiming

Maurer, Raimond; Mitchell, Olivia S. - 2016

We designed and fielded an experimental module in the 2014 HRS which seeks to measure older persons' willingness to voluntarily defer claiming of Social Security benefits. In addition we evaluate the stated willingness of older individuals to work longer, depending on the Social Security...

Persistent link: https://www.econbiz.de/10011633953

Social security and the interactions between aggregate and idiosyncratic risk

Harenberg, Daniel; Ludwig, Alexander - 2014 - This Version: July 9, 2014

We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...

Persistent link: https://www.econbiz.de/10010374428

Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higherorder risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...

Persistent link: https://www.econbiz.de/10012182809

Non-mandatory say on pay votes and AGM participation : evidence from Germany

Powell, Daniel; Rapp, Marc Steffen - 2015 - Preliminary Version as of 1 June 2015

Since August 2009, German legislation allows for voluntary Say on Pay Votes (SoPV) during Annual General Meetings (AGMs). We examine 1,169 AGMs of all German listed firms with more than 10,000 agenda items over the period 2010-2013 to identify (1) determinants and approval rates of voluntary...

Persistent link: https://www.econbiz.de/10010530578

Does sophistication affect long-term return expectations? : evidence from financial advisers' exam scores

Kaustia, Markku; Lehtoranta, Antti; Puttonen, Vesa - 2013

We use unique data fromfinancial advisers' professional exam scores and combine it with other variables to create an index of financial sophistication. Using this index to explain long-term stock return expectations, we find that more sophisticated financial advisers tend to have lower return...

Persistent link: https://www.econbiz.de/10010226116

Does product familiarity matter for participation?

Fuchs-Schündeln, Nicola; Chaliasos, Michaēl - 2014

Regulation of investor access to financial products is often based on product familiarity indicated by previous use. The underlying premise that lack of familiarity with a product class causes unwarranted participation is difficult to test. This paper uses household-level data from the...

Persistent link: https://www.econbiz.de/10010384336

The old boy network : the impact of professional networks on remuneration in top executive jobs

Lalanne, Marie; Seabright, Paul - 2016

We investigate the impact of social networks on earnings using a dataset of over 20,000 senior executives of European and US firms. The size of an individual's network of influential former colleagues has a large positive association with current remuneration. An individual at the 75th...

Persistent link: https://www.econbiz.de/10011436060

Does say on pay matter? : evidence from the German natural experiment

Troeger, Tobias H.; Walz, Uwe - 2016

This paper investigates the potential implications of say on pay on management remuneration in Germany. We try to shed … deploy a hand-collected data set for Germany's major firms (i.e. DAX 30), for the years 2006-2012. Rather than focusing …. We observe that the compensation packages of management board members of Germany's DAX30-firms are quite closely linked …

Persistent link: https://www.econbiz.de/10011436065

The impact of long-run macroeconomic experiences on personality

Vellekoop, Nathanae͏̈l - 2016

Using two datasets containing demographically representative samples of the Dutch population, I study how lifetime experiences of aggregate labor market conditions affect personality. Three sets of findings are reported. First, experienced aggregate unemployment is negatively correlated with the...

Persistent link: https://www.econbiz.de/10011529685

Rent-seeking in elite networks

Haselmann, Rainer; Schoenherr, David; Vig, Vikrant - 2016

We employ a unique dataset on members of an elite service club in Germany to investigate how elite networks affect the …

Persistent link: https://www.econbiz.de/10011456860

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