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Housing equity, saving and debt dynamics over the Great Recession
Elming, William; Ermler, Andreas - 2016
and saving for young and old home-owners, both through a direct wealth eff ect and through housing equity serving as …
Persistent link: https://www.econbiz.de/10011533763
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The consumption and wealth effects of an unanticipated change in lifetime resources
Jappelli, Tullio; Padula, Mario - 2015
In 2000 Italy replaced its traditional system of severance pay for public employees with a new system. Under the old regime, severance pay was proportional to the final salary before retirement; under the new regime it is proportional to lifetime earnings. This reform entails substantial losses...
Persistent link: https://www.econbiz.de/10011281868
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Saving behavior and housing wealth
Gröbel, Sören; Ihle, Dorothee - 2016
Housing property is the most important position in a household's wealth portfolio. Even though there is strong evidence … interpret this as evidence of a housing wealth effect. …
Persistent link: https://www.econbiz.de/10011473623
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Housing, wealth accumulation and wealth distribution : evidence and stylized facts
Causa, Orsetta; Woloszko, Nicolas; Leite, David - 2019
This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on … questions: i) How is homeownership and housing tenure distributed across the population along various socio …-economic characteristics such as income, wealth and age? What is the weight of housing in households’ balance sheets and how does this vary …
Persistent link: https://www.econbiz.de/10012202943
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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/10011335629
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The determinants of savings rates in OECD countries: The role of private pensions
Gebeşoğlu, Pınar Fulya; Ertuğrul, Hasan Murat; … - In: Central Bank Review (CBR) 23 (2023) 1, pp. 1-7
The design of pension schemes is crucial in determining savings behavior. The impact of pension schemes on saving rates across countries remains to be an intriguing empirical question considering the complicated nature of the relationship between saving patterns and pension wealth. This paper...
Persistent link: https://www.econbiz.de/10014547825
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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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Retirement sorted? : the adequacy and optimality of wealth among the near-retired
Crawford, Rowena; O'Dea, Cormac - 2014
of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …
Persistent link: https://www.econbiz.de/10010402537
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A Comparison of National Saving Rates in the UK, Us and Italy
Kirsanova, Tatiana - 2006
We develop the approach of Gokhale, Kotlikoff amp; Sabelhaus (1996), based on the lifecycle model of savings, to decompose the differences in the national saving rates between the UK, US and Italy. Our work suggests that the US saving rate is lower principally because Americans on average retire...
Persistent link: https://www.econbiz.de/10012732550
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Retirement and Wealth
Gustman, Alan L. - 2003
Using data from the Health and Retirement Study, we estimate reduced form retirement and wealth equations. The retirement equation relates the probability of retiring to the quot;premium valuequot;, a forward looking measure of the future value of pensions and social security that better...
Persistent link: https://www.econbiz.de/10012786844