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It is well established that consumption is “hump” shaped over an individual's lifecycle, peaking in middle age and then … declining in the years that follow. Prior research has documented that consumption declines at retirement, which is inconsistent … with the standard lifecycle model with consumption smoothing. Using a unique dataset with detailed administrative records …
Persistent link: https://www.econbiz.de/10013044705
exogenous unanticipated income shock. Consumption rose significantly after the fiscal policy announcement: during the ten … liquid assets or with low credit card limit experienced stronger consumption responses …
Persistent link: https://www.econbiz.de/10013064215
Persistent link: https://www.econbiz.de/10011742026
Higher sales tax in the home country relative to a neighboring country creates a huge incentive for consumers who live closer to the border to purchase goods across the border. Using a unique panel dataset of consumer financial transactions, we find that, when facing higher domestic sales tax,...
Persistent link: https://www.econbiz.de/10012932806
Higher sales tax in the home country relative to a neighboring country creates a huge incentive for consumers who live closer to the border to purchase goods across the border. Using a unique panel dataset of consumer financial transactions, we find that, when facing higher domestic sales tax,...
Persistent link: https://www.econbiz.de/10014158215
Singapore has developed a unique housing system, with three-quarters of its housing stock built by the Housing … & Development Board (HDB) and homeownership financed through Central Provident Fund (CPF) savings. As a result, the country …'s homeownership rate of 90% is one of the highest among market economies. At different stages of its economic development, the …
Persistent link: https://www.econbiz.de/10011441135
Financial literacy in Singapore has not been analyzed in much detail, despite the fact that this is one of the world …'s most rapidly aging nations. Using the Singapore Life Panel®, we explore older Singaporeans' levels of financial knowledge …
Persistent link: https://www.econbiz.de/10012853239
retirement preparedness. Our study draws on the Singapore Life Panel (SLP®), a high-frequency internet survey of people age 50 …
Persistent link: https://www.econbiz.de/10012841847
retirement plans. This paper examines how the self-employed in Singapore compare to regular employees as well as the unemployed …
Persistent link: https://www.econbiz.de/10012841848
Persistent link: https://www.econbiz.de/10001300133