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We investigate optimal consumption, asset accumulation and portfolio decisions in a realistically calibrated life-cycle model with flexible labor supply. Our framework allows for wage rate uncertainly, variable labor supply, social security benefits and portfolio choice over safe bonds and risky...
Persistent link: https://www.econbiz.de/10012759350
We investigate optimal consumption, asset accumulation and portfolio decisions in a realistically calibrated life-cycle model with flexible labor supply. Our framework allows for wage rate uncertainly, variable labor supply, social security benefits and portfolio choice over safe bonds and risky...
Persistent link: https://www.econbiz.de/10012464683
consumption after being tested HIV positive. The paper describes different effects on aggregate savings according to different … stages of the epidemic. We show that the HIV epidemic decreases savings if especially young individuals are (perceived to be …) affected by the virus, but may increase savings if individuals perceive a sizable probability of getting infected later in life …
Persistent link: https://www.econbiz.de/10014224367
Persistent link: https://www.econbiz.de/10003901448
Contrary to the welfare magnet hypothesis, empirical evidence suggests that immigration decisions are not made on the basis of the relative generosity of the receiving nation's social benefits. Even when immigrants are found to use welfare more intensively than natives, the gap is mostly...
Persistent link: https://www.econbiz.de/10011416301
Persistent link: https://www.econbiz.de/10011306482
This chapter investigates the impact of the imposition of sanctions for employing illegal migrants on the welfare of …
Persistent link: https://www.econbiz.de/10012586111
This chapter investigates the impact of the imposition of sanctions for employing illegal migrants on the welfare of …
Persistent link: https://www.econbiz.de/10012623843