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Shocks to future income and (lack of) consumption-smoothing: evidence from the abolition of the state pension partner supplement in the Netherlands
Tyros, Stefanos; Ewijk, Casper van; Stevens, Ralph - 2021
Persistent link: https://www.econbiz.de/10012599479
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Shocks to Future Income and (Lack of) Consumption-Smoothing : Evidence from the Abolition of the State Pension Partner-Supplement in the Netherlands
Tyros, Stefanos; Van Ewijk, Casper; stevens, ralph - 2022
Under the property of fungibility, all components of wealth are equal. Thus (assuming no transaction cost, liquidity constraints, and so on) a change in current income, liquid wealth and future income should lead to similar a response. However, there is ample empirical evidence indicating that...
Persistent link: https://www.econbiz.de/10014081938
Cover Image
Shocks to Future Income and (Lack of) Consumption-Smoothing : Evidence from the Abolition of the State Pension Partner-Supplement in the Netherlands
Tyros, Stefanos; Van Ewijk, Casper; stevens, ralph - 2022
Under the property of fungibility, all components of wealth are equal. Thus (assuming no transaction cost, liquidity constraints, and so on) a change in current income, liquid wealth and future income should lead to similar a response. However, there is ample empirical evidence indicating that...
Persistent link: https://www.econbiz.de/10014081939