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The financial support for long-term elderly care and household savings behaviour
Ohinata, Asako; Picchio, Matteo - 2015
We analyse how the financial support for long-term elderly care affects the level of household savings. Using a …
Persistent link: https://www.econbiz.de/10011308491
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The financial support for long-term elderly care and household saving behaviour
Ohinata, Asako; Picchio, Matteo - 2017
We analyse how the financial support for long-term elderly care affects the household's propensity to save. Using the difference-in-differences estimator, we investigate the 2002 Scottish reform, which introduced free formal personal care for all the Scottish elderly aged 65 and above. We find...
Persistent link: https://www.econbiz.de/10012111463
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The Financial Support for Long-Term Elderly Care and Household Savings Behaviour
Ohinata, Asako - 2015
We analyse how the financial support for long-term elderly care affects the level of household savings. Using a …
Persistent link: https://www.econbiz.de/10013016254
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Cash and pensions : have the elderly in England saved optimally for retirement
Crawford, Rowena; O'Dea, Cormac - 2014
Using a model where households can save in either a safe asset or in an illiquid, tax-advantaged pension, we assess the extent to which those who recently reached the state pension age in the UK have saved optimally for retirement. The policy environment specified closely matches that prevailing...
Persistent link: https://www.econbiz.de/10010402536
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The Effect of Health on Consumption Decisions in Later Life : Evidence from the UK
Karagiannaki, Eleni - 2009
The analysis in this paper focuses on the impact of health on the savings and consumption decisions of the elderly. In … principle, there are at least five alternative channels through which health may affect consumption and savings. Ill health may … affect both consumption capacities and needs while the risk of deteriorating health might increase subjective mortality …
Persistent link: https://www.econbiz.de/10013159975
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Life-cycle consumption patterns at older ages in the US and the UK : can medical expenditures explain the difference?
Banks, James; Blundell, Richard W.; Levell, Peter; … - 2016
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...
Persistent link: https://www.econbiz.de/10011534273
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Life-cycle consumption patterns at older ages in the US and the UK : can medical expenditures explain the difference?
Banks, James; Blundell, Richard W.; Levell, Peter; … - 2015
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...
Persistent link: https://www.econbiz.de/10010498398
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Life-Cycle Consumption Patterns at Older Ages in the US and the UK : Can Medical Expenditures Explain the Difference?
Banks, James W.; Blundell, Richard W.; Levell, Peter; … - 2015
Our data indicate significantly steeper declines in nondurable expenditures in the UK compared to the US in spite of income paths at older ages exhibiting similar declines. We examine several possible causes, including different employment paths, housing ownership and expenses, levels and paths...
Persistent link: https://www.econbiz.de/10014135181
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The Retirement-Savings Puzzle Revisited : The Role of Housing as a Bequeathable Asset
Andreu, Eduard Suari - 2016
The so-called retirement-savings puzzle is a phenomenon by which, contrary to what the basic life-cycle model predicts … that attempts to solve the retirement-savings puzzle and, in addition, we review more extensively the literature on housing … Nakajima and Telyukova (2011), who find that homeownership interacts with the factors that explain the retirement-savings …
Persistent link: https://www.econbiz.de/10012997163
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Saving for Retirement - A Case for Financial Education in Germany and UK? An Economic Perspective
Oehler, Andreas - 2010
Demographic changes, tight public budgets, and reduced generosity of occupational pension plans shift the responsibility for an adequate retirement provision towards the individual. Applying the theoretical perspectives of Behavioural Finance and New Institutionalism to the domain of retirement...
Persistent link: https://www.econbiz.de/10013139316