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can influence lifecycle household portfolios. We examine how much the individual optimally saves and where, taking into …
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according to the age at which these are claimed, open up a complex set of financial options for household decisions. These rules … influence optimal household asset allocation, insurance, and work decisions, subject to life cycle demographic shocks, such as …
Persistent link: https://www.econbiz.de/10010471816
Relatively little is known about why people fail to plan for retirement and whether planning and information costs might affect retirement saving patterns. This chapter reports on a purpose-built survey module on planning and financial literacy for the Health and Retirement Study which measures...
Persistent link: https://www.econbiz.de/10013132664
This paper examines how labor income volatility and social security benefits influence life-cycle household portfolios …
Persistent link: https://www.econbiz.de/10013134565
The direct financial impact of the financial crisis has been to deal a heavy blow to investment-based pensions; many workers lost a substantial portion of their retirement saving. The financial sector implosion in turn produced an economic crisis for the rest of the economy via high unemployment...
Persistent link: https://www.econbiz.de/10013118386
the rest of the economy via high unemployment and reduced labor earnings, which reduced household contributions to Social …
Persistent link: https://www.econbiz.de/10013123017
the rest of the economy via high unemployment and reduced labor earnings, which reduced household contributions to Social …
Persistent link: https://www.econbiz.de/10013123696
We test the relation between ambiguity aversion and five household portfolio choice puzzles: non- participation, low ….S. household survey, we measure ambiguity aversion using custom- designed questions based on Ellsberg urns. As theory predicts …
Persistent link: https://www.econbiz.de/10013087877