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The share of the private rental housing market in Central and Eastern European countries is low. With a survey data from Poland, I show that strong tenure preferences of households toward owning can be attributed to both economic and psychological factors. Building on these findings, I develop a...
Persistent link: https://www.econbiz.de/10013470741
The household's demand analysis is very crucial in the sense that undernourishment negatively affects productivity. Food demand is crucial to gauge the household's ability or willingness to purchase/consume different food commodities. The study attempts to analyze the household's food demand in...
Persistent link: https://www.econbiz.de/10014486001
The present paper presents a standard overlapping generations model with external habits formation and environmental quality in the utility function. Our main objective is to study the impact of external habits on capital accumulation and environmental quality on the intertemporal competitive...
Persistent link: https://www.econbiz.de/10014520679
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
In a model calibrated to match micro- and macroeconomic evidence on household income dynamics, we show that a modest degree of heterogeneity in household preferences or beliefs is sufficient to match empirical measures of wealth inequality in the United States. The heterogeneity-augmented...
Persistent link: https://www.econbiz.de/10011995508
Persistent link: https://www.econbiz.de/10011696999
This paper uses the most recent wave of a nationally representative dataset to examine the factors associated with elderly homeowners' decision to obtain reverse mortgage loans. The findings of this study suggest that very few homeowners participated in the reverse mortgage market, and...
Persistent link: https://www.econbiz.de/10011709000
Dieser Beitrag untersucht den Einfluss von Financial Literacy auf die Altersvorsorge. Zunächst wird in einer theoretischen Analyse ein indirekter Effekt beschrieben. Demnach begünstigt mangelnde Financial Literacy eine Aversion gegen die Beschäftigung mit finanziellen Angelegenheiten. Dadurch...
Persistent link: https://www.econbiz.de/10012112441
This paper addresses the credit card debt puzzle using a generalization of the buffer-stock consumption model with long-term revolving debt contracts. Closely resembling actual US credit card law, we assume that card issuers can always deny their cardholders access to new debt, but that they...
Persistent link: https://www.econbiz.de/10012215345
Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount factors for households and compare these estimates of their...
Persistent link: https://www.econbiz.de/10012215428