Showing 1 - 10 of 626,548
Persistent link: https://www.econbiz.de/10002019338
Persistent link: https://www.econbiz.de/10001528616
.S. savings behavior. The restrictions imposed by general equilibrium theory play an important role in arriving at each of these … characteristics of idiosyncratic labor market risk. We find that uncertainty distributed throughout the working years accounts for 40 …
Persistent link: https://www.econbiz.de/10012470736
.S. savings behavior. The restrictions imposed by general equilibrium theory play an important role in arriving at each of these … characteristics of idiosyncratic labor market risk. We find that uncertainty distributed throughout the working years accounts for 40 …
Persistent link: https://www.econbiz.de/10013229110
Persistent link: https://www.econbiz.de/10012161935
Persistent link: https://www.econbiz.de/10000954674
Persistent link: https://www.econbiz.de/10011743273
Uninsurable income risk is often cited as an explanation for empirical deviations from the Lifecycle …
Persistent link: https://www.econbiz.de/10014215361
Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that … assets. Because households are subject to more background risk than previously considered, the estimated model implies a … substantially lower coefficient of risk aversion. We also find renewed support for rule-of-thumb investment strategies under the …
Persistent link: https://www.econbiz.de/10014278693
Persistent link: https://www.econbiz.de/10014390484