Narrow search
Showing 1 - 10 of 124,652
Cover Image
Liquidity constraints versus loss aversion in household consumption : a simple reconciliation
Treeck, Till van - 2010
Verschiedene Abweichungen von der Permanenten Einkommenshypothese mit rationalen Erwartungen sind in der Literatur … Arbeit wird anhand eines einheitlichen Datensatzes für die USA zu privaten Konsumausgaben, Einkommen und Vermögen für den … USA bis zum Ausbruch der Finanzkrise im Jahr 2007 interpretiert werden. …
Persistent link: https://www.econbiz.de/10009306633
Cover Image
Asymmetric income and wealth effects in a non-linear error correction model of US consumer spending
Treeck, Till van - 2008
Verschiedene Abweichungen von der Permanenten Einkommenshypothese mit rationalen Erwartungen sind in der Literatur … Konsumverhaltens behandelt. In der vorliegenden Arbeit wird anhand eines einheitlichen Datensatzes für die USA zu privaten … Jahrzehnten im Trend fallenden privaten Sparquote in den USA interpretiert werden: Zwar können Vermögensrückgänge kurzfristig …
Persistent link: https://www.econbiz.de/10003744543
Cover Image
Consumption-savings decisions under upward looking comparisons : evidence from Germany, 2002 - 2011
Drechsel-Grau, Moritz; Schmid, Kai D. - 2013
We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as the consumption level of all households who are perceived...
Persistent link: https://www.econbiz.de/10010190171
Cover Image
Myopia, liquidity constraints and private consumption : the case of Cote d'Ivoire
Keho, Yaya - In: Cogent economics & finance 7 (2019) 1, pp. 1-10
In this paper, we estimate the behavior of private consumption in Cote d’Ivoire under the permanent income hypothesis using annual data for the period 1970–2016. The first objective is to test the validity of the permanent income hypothesis in Cote d’Ivoire. Our second concern is to...
Persistent link: https://www.econbiz.de/10012023944
Cover Image
Fixed amount saving and the permanent income hypothesis
Vosen, Simeon - 2012
According to the German SAVE survey, more than 40 percent of households regularly save fixed amounts rather than flexibly adjusting savings to income variations as assumed by the Permanent Income Hypothesis (PIH). Fixed amount saving behaviour could thus imply a challenge to PIH-based standard...
Persistent link: https://www.econbiz.de/10009668279
Cover Image
Fixed Amount Saving and the Permanent Income Hypothesis
Vosen, Simeon - 2012
According to the German SAVE survey, more than 40 percent of households regularly save fixed amounts rather than flexibly adjusting savings to income variations as assumed by the Permanent Income Hypothesis (PIH). Fixed amount saving behaviour could thus imply a challenge to PIH-based standard...
Persistent link: https://www.econbiz.de/10013100891
Cover Image
Is the selfish life-cycle model more applicable in Japan and, if so, why? : a literature survey
Horioka, Charles - 2020
The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...
Persistent link: https://www.econbiz.de/10012291218
Cover Image
Saving after retirement and preferences for residual wealth
Fella, Giulio; Holm, Martin Blomhoff; Pugh, Thomas - 2024
We use administrative data for Norway to estimate an incomplete-market life-cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without...
Persistent link: https://www.econbiz.de/10014581860
Cover Image
Saving after retirement and preferences for residual wealth
Fella, Giulio; Holm, Martin Blomhoff; Pugh, Thomas - 2024 - Last updated: June 11, 2024
We use administrative data for Norway to estimate an incomplete-market life cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without...
Persistent link: https://www.econbiz.de/10014562957
Cover Image
Saving after retirement and preferences for residual wealth
Fella, Giulio; Holm, Martin Blomhoff; Pugh, Thomas - 2024
We use administrative data for Norway to estimate an incomplete-market life-cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without...
Persistent link: https://www.econbiz.de/10014486954