Showing 1 - 10 of 182,208
population aging over the period 2000–14. While there is little doubt that household savings have decreased, the true trend … of risky assets in household portfolios increases with age and barely decreases even for retired households. The main … sources of increasing household wealth are the increasing wealth of the elderly and the increasing proportion of the wealthier …
Persistent link: https://www.econbiz.de/10012964317
We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey … suggest that the retirement motive and the precautionary motive are the dominant motives for saving in Europe partly because … in Europe than is the altruism model …
Persistent link: https://www.econbiz.de/10015056164
-quarter of total household wealth in Europe provides further corroboration for this finding. …In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and … findings suggest that the retirement motive and the precautionary motive are the dominant motives for saving in Europe partly …
Persistent link: https://www.econbiz.de/10015047840
A comparison of the performances of pension products that ignores long-term trends might significantly overestimate the long-term impact of volatility risks while underestimating the impact of persistent, low frequency trends. This paper proposes a comparison making use of projection models...
Persistent link: https://www.econbiz.de/10013291495
This study examines the differences in household financial risk tolerance across the Eurozone countries and over time …. Using the HFCS data, household subjective financial risk tolerance, stock ownership, and mutual fund ownership are all found … to be increasing with household income, wealth, education, and home-ownership. Younger households are found to be more …
Persistent link: https://www.econbiz.de/10012919686
behavior are found across cultural groups, controlling for household characteristics. Financial behavior tends to converge with …
Persistent link: https://www.econbiz.de/10010372577
behavior are found across cultural groups, controlling for household characteristics. Financial behavior tends to converge with …
Persistent link: https://www.econbiz.de/10010403682
The Eurozone fiscal crisis has created pressure for institutional harmonization, but skeptics argue that cultural predispositions can prevent convergence in behavior. Our paper derives a robust cultural classification of European countries and utilizes unique data on natives and immigrants....
Persistent link: https://www.econbiz.de/10012061562
the interrelationship between public pension schemes and household savings based on Pearson's correlation coefficients. In … European Union (EU). It focuses on the relationship between the quality of domestic public pension schemes and household … savings for old age in the EU member and candidate countries. The study was conducted in two stages. The first stage examined …
Persistent link: https://www.econbiz.de/10014529552
This paper presents the impact of decreasing MFI interest rates on household deposits and saving goals in 12 Monetary … Union member countries in the years 2009-2015. It analyses tendencies in household deposits (overnight, with agreed maturity … and redeemable at notice), and attempts to link them with certain household saving motives (target, retirement and …
Persistent link: https://www.econbiz.de/10011539824