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We quantified the relative importance of the precautionary motive in determining savings. Existing empirical evidence … suggests that the impact of precautionary savings is small if one uses a subjective measure of uncertainty about next year … variation. These studies find a large impact of precautionary savings. These contradictory results may be either suggestive of …
Persistent link: https://www.econbiz.de/10013107617
This paper explores, from an investment-saving perspective, the factors underlying the persistent widening of the current account surplus in the Netherlands since the early 1980s. Standard intertemporal models, even appropriately extended to incorporate specific features of the Dutch economy, do...
Persistent link: https://www.econbiz.de/10012782056
We analyze whether uncertainty related to the outcome of future policy results in precautionary saving. We focus on an important cause of policy uncertainty for households in the Netherlands: the possible limitation of the mortgage interest deduction. To isolate the effect of policy uncertainty...
Persistent link: https://www.econbiz.de/10013017789
Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...
Persistent link: https://www.econbiz.de/10014219345
The paper deals with the effects of cohabitation of grown children with their parents on household saving, using data from Italy and the Netherlands. It presents a two-period game theoretical model where the child has to decide whether to move out of the parental home. This decision is affected...
Persistent link: https://www.econbiz.de/10014068546
This paper focuses on the role of habit formation in individual preferences over consumption and saving. We closely relate to Alessie and Lusardi's (1997) model as we estimate a model which is based on their closed-form solution, where saving is expressed as a function of lagged saving and other...
Persistent link: https://www.econbiz.de/10014112750
Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...
Persistent link: https://www.econbiz.de/10013325304
Persistent link: https://www.econbiz.de/10013271208
Persistent link: https://www.econbiz.de/10013539128
Persistent link: https://www.econbiz.de/10003384160