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We use administrative data for Norway to estimate an incomplete-market life cycle model of retired singles and couples … utility to differ between households with and without offspring. Our estimates imply a very strong utility of residual wealth …-quarters of aggregate wealth at age 85. More surprisingly, we estimate similar utility of residual wealth for households with and …
Persistent link: https://www.econbiz.de/10014562957
In January 2006, the Dutch government implemented a pension reform that substantially reduced the public pension wealth … assess the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male …. We show that retirement expectations are in line with realizations and that the reform had the intended effect on the …
Persistent link: https://www.econbiz.de/10011876086
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decades. Voluntary savings for retirement will therefore gain more and more relevance in order to maintain one’s standard of … living during retirement. This article examines the savings behavior for retirement on an individual level in Germany. As a … out to be less likely to save additionally privately for retirement. In a second step the chosen gross saving rates are …
Persistent link: https://www.econbiz.de/10010517686
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is virtually zero and that of financial assets wealth is positive, increasing the retirement probability. The … been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth … substitution effect of earned income is negative, thus decreasing the retirement probability. The retirement decision is strongly …
Persistent link: https://www.econbiz.de/10010239270
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is virtually zero and that of financial assets wealth is positive, increasing the retirement probability. The … been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth … substitution effect of earned income is negative, thus decreasing the retirement probability. The retirement decision is strongly …
Persistent link: https://www.econbiz.de/10013058740
available for retirement. This note reveals a large gender wealth gap in Canada among singles near retirement. Using a repeated …The gender pay gap not only affects women's financial security during their working lives but also their wealth … national wealth survey from 1999 to 2019, we find an average wealth gap favouring men at ages 45-59 of $56,000 or 16%, and the …
Persistent link: https://www.econbiz.de/10014465117