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Expectations and Saving Behavior: An Empirical Analysis
Arent, Stefan - 2012
studies. We use aunique panel data set on household savings. We find that that a higher unemploymentexpectation significantly … decreases savings. However, we are not able to identify asignificant relationship between general future income expectations and … savings. Moreover,we find that good health expectations increase savings in Western Germany, butdecrease the savings in …
Persistent link: https://www.econbiz.de/10010312155
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Asynchronous risk: Unemployment, equity markets, and retirement savings
Seligman, Jason S.; Wenger, Jeffrey B. - 2005
percentage losses in retirement savings as a result of more frequent spells of unemployment. Higher income worker losses are more …
Persistent link: https://www.econbiz.de/10010287972
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Consumption Smoothing Among Working-Class American Families Before Social Insurance
Palumbo, Michael - 2014
This paper examines whether the saving decisions of a large sample of working-class American families around the turn of the twentieth century are consistent with consumption smoothing tendencies in the spirit of the permanent income hypothesis. We develop two econometric models to decompose...
Persistent link: https://www.econbiz.de/10012710587
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Income uncertainty, liquidity constraints, and the option value of saving
Echeverría, Cristian - 2002
Persistent link: https://www.econbiz.de/10003629609
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Impact of occupational unemployment risk on household spending
Cotton, Christopher D.; Garga, Vaishali; Rohan, Justin - 2022 - This version: November 2021
The life-cycle consumption and permanent income hypotheses predict that if workers face greater likelihood of unemployment in the future that lowers expected future income, they will save more today. In this paper, we test this hypothesis by looking at the expenditure response of workers to the...
Persistent link: https://www.econbiz.de/10013256388
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Late-career unemployment shocks, pension outcomes and unemployment insurance
Elsadek Mahmoudi, Samir - In: Journal of public economics 218 (2023), pp. 1-14
Persistent link: https://www.econbiz.de/10014250011
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Lohnrisiko und Altersarmut im Sozialstaat
Nagl, Wolfgang - 2014
Löhne und gesetzliche Rentenansprüche sind über das Sozialversicherungssystem direkt miteinander verbunden. In dieser Dissertationsschrift werden zunächst Lohnrisiken analysiert, um dann das Altersarmutsrisiko in Deutschland aufzuzeigen. Nach einer Einführung werden in Kapitel 2 die...
Persistent link: https://www.econbiz.de/10011742989
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Early retirement provision for elderly displaced workers
Kruse, Herman; Myhre, Andreas - 2022
-employee data containing information on bankruptcy dates and individual-level wealth, income, pensions and social security benefits … findings are particularly policy relevant as tightening of age-limits for old-age pensions is on the agenda in several OECD …
Persistent link: https://www.econbiz.de/10013341538
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Quantifying the psychological costs of unemployment : the role of permanent income
Knabe, Andreas; Rätzel, Steffen - 2007
Unemployment causes significant losses in the quality of life. In addition to reducing individual income, it also creates non-pecuniary, psychological costs. We quantify these non-pecuniary losses by using the life satisfaction approach. In contrast to previous studies, we apply Friedman's...
Persistent link: https://www.econbiz.de/10011630069
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Quantifying the Non-Pecuniary Costs of Unemployment : The Role of Permanent Income
Knabe, Andreas - 2007
Unemployment causes significant losses in the quality of life. In addition to reducing individual income, it also creates non-pecuniary, psychological costs. We quantify these non-pecuniary losses by using the life satisfaction approach. In contrast to previous studies, we apply Friedman's...
Persistent link: https://www.econbiz.de/10012730150