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The impact of rapid aging and pension reform on savings and the labor supply : the case of China
He, Hui; Ning, Lei; Zhu, Dongming - 2019
We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over … social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …
Persistent link: https://www.econbiz.de/10012009609
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Higher-order income risk over the business cycle
Busch, Christopher; Ludwig, Alexander - 2020
Persistent link: https://www.econbiz.de/10012204513
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Higher-order income risk over the business cycle
Busch, Christopher; Ludwig, Alexander - 2020
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higherorder risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012182809
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Higher-order income risk over the business cycle
Busch, Christopher; Ludwig, Alexander - 2020
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012215285
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Lebenslagen im Wandel : Determinanten kleinräumlicher Mobilität in Westdeutschland
Frick, Joachim R. - 1996
Persistent link: https://www.econbiz.de/10013199352
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Geldvermögensstruktur 1980 - 2000
Winckler, Georg (contributor) - 1991
Persistent link: https://www.econbiz.de/10000841450
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Retirement saving and attitude towards financial intermediaries : evidence for Germany
Johansen, Kathrin - 2008
People often disregard the need for individual savings for old-age although a decreasing rate of birth and an … like banks and insurance companies which support their savings plans. We apply the behavioral life-cycle hypothesis to … have a large impact on oldage savings behavior. Our results differ across intermediary groups. They have important policy …
Persistent link: https://www.econbiz.de/10003886342