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Persistent link: https://www.econbiz.de/10012244572
We match administrative panel data on portfolio choices with survey measures of financial literacy. We observe that, controlling for portfolio risk, most literate households experience 0.4% higher annual returns than least literate households. We then show that more literate households display...
Persistent link: https://www.econbiz.de/10012970571
This paper is an empirical overview of inequalities of pension outcomes in six European countries, which are shaped by a variety of institutional pensions schemes. The study contrasts pension system regulation in Denmark, Finland, Germany, Italy, Sweden and the United Kingdom; and analyses their...
Persistent link: https://www.econbiz.de/10010422868
Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from … so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife …
Persistent link: https://www.econbiz.de/10013073440
Persistent link: https://www.econbiz.de/10011810380
European employment agenda. The present paper focuses on the case of Belgium, France, Germany, and The Netherlands over the …
Persistent link: https://www.econbiz.de/10011661382
Persistent link: https://www.econbiz.de/10013488797
Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from … so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife …
Persistent link: https://www.econbiz.de/10010204498
Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate …'s unobserved heterogeneity. We conclude that the reform immediately reduced both spouses' retirement probability. The wife …'s retirement probability also drops by 1 to 4 percentage points if the husband is hit by the reform, and vice-versa. Instrumenting …
Persistent link: https://www.econbiz.de/10011580555