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The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the life-cycle hypothesis is solved by allowing for broader...
Persistent link: https://www.econbiz.de/10009579313
The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the life-cycle hypothesis is solved by allowing for broader...
Persistent link: https://www.econbiz.de/10009559647
This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current pension payments in Germany and to what extent the existence and the magnitude of these reduction rates influence people s retirement planning. First, by evaluating a large...
Persistent link: https://www.econbiz.de/10010484766
We report on a series of economic decision-making experiments exploring how individuals make lifecycle consumption and saving plans when they face different income profiles. We find that for every income profile we consider, subjects on average over-consume in the early periods of life and...
Persistent link: https://www.econbiz.de/10012935378
The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the life-cycle hypothesis is solved by allowing for broader...
Persistent link: https://www.econbiz.de/10014167681
Persistent link: https://www.econbiz.de/10010389392
Persistent link: https://www.econbiz.de/10013364220
Purpose – The purpose of the paper is to investigate the nature of linkages between characteristics of a service and … customer consequences and elicit the types of such linkages. Design/methodology/approach – The paper builds on current research … on linkages and customer consequences within the means‐end approach and on a qualitative case study in the context of …
Persistent link: https://www.econbiz.de/10014722809
Persistent link: https://www.econbiz.de/10012131098
The present paper studies the growth and efficiency consequences of pension funding with individual retirement accounts in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We distinguish between economies with rational and hyperbolic...
Persistent link: https://www.econbiz.de/10003871957