Similar Search Results

Household Saving Behaviour in New Zealand: A Cohort Analysis

Gibson, John K; Scobie, Grant M - Treasury, Government of New Zealand - 2001

HES is a series of cross-sectional surveys rather than a true panel, so we construct synthetic cohorts rather than … tracking individual households. We use a range of regression models to separate out the effect of age, birth-year cohort and … year on saving rates. The typical age profile for savings is hump-shaped, peaks around age 57 and does not become negative …

Persistent link: https://www.econbiz.de/10005464974

The Effect of Public Pension Eligibility Age on Household Saving: Evidence from a New Zealand Natural Experiment

Talosaga, Talosaga; Vink, Mark - Treasury, Government of New Zealand - 2014

-in-difference regression analysis to compare the last cohorts to receive New Zealand Superannuation at the age of 60 years old with the first …This paper examines the effect of the last increase in the eligibility age for New Zealand’s public pension, New … Zealand Superannuation, on household saving rates. The age of eligibility was increased progressively from 60 to 65 years old …

Persistent link: https://www.econbiz.de/10010992364

The surprisingly low importance of income uncertainty for precaution

Fulford, Scott Lansing - Department of Economics, Boston College - 2014

While it is common to use income uncertainty to explain household saving decisions, there is much disagreement about the importance of precautionary saving. This paper suggests that income uncertainty is not an important motive for saving, although households do have other precautionary reasons...

Persistent link: https://www.econbiz.de/10010940955

Life-Cycle Consumption and Children

Jørgensen, Thomas H. - Centre for Applied Microeconometrics (CAM), Økonomisk … - 2014

I show that conventional estimators based on the consumption Euler equation, extensively used in studies of intertemporal consumption behavior, produce inconsistent estimates of the effect of children on consumption if potentially binding credit constraints are ignored. As a more constructive...

Persistent link: https://www.econbiz.de/10010743075

Credit card debt and default over the life-cycle

Lopes, Paula - London School of Economics (LSE) - 2003

This paper solves an empirically parameterised model of life-cycle consumption which extends the precautionary savings models of Carroll (1997), and Deaton (1991), to allow for uncollaterized borrowing and default. In case households choose to default: (i) their access to credit markets is...

Persistent link: https://www.econbiz.de/10011071178

Household Saving in Australia

Finlay, Richard; Price, Fiona - Reserve Bank of Australia - 2014

. While saving differs substantially across age groups we find that, at least in part, this reflects differing circumstances …

Persistent link: https://www.econbiz.de/10010815232

Baby boomer retirement security: The roles of planning, financial literacy, and Housing wealth

Lusardi, Annamaria; Mitchell, Olivia S. - Center for Financial Studies - 2006

We compare wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers in 2004, and … individuals in the same age group in 1992. Levels and patterns of total net worth have changed relatively little over time, though … Boomers rely more on housing equity than their predecessors. Most important, planners in both cohorts arrive close to …

Persistent link: https://www.econbiz.de/10010958739