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Persistent link: https://www.econbiz.de/10001053852
The analysis in this paper focuses on the impact of health on the savings and consumption decisions of the elderly. In … principle, there are at least five alternative channels through which health may affect consumption and savings. Ill health may … affect both consumption capacities and needs while the risk of deteriorating health might increase subjective mortality …
Persistent link: https://www.econbiz.de/10013159975
Over the last 15 years, the typical household has increasingly concentrated its spending on a few preferred products. However, this is not driven by "superstar'' products capturing larger market shares. Instead, households increasingly purchase different products from each other. As a result,...
Persistent link: https://www.econbiz.de/10012899817
Over the last 15 years, the typical household has increasingly concentrated its spending on a few preferred products. However, this is not driven by “superstar” products capturing larger market shares. Instead, households increasingly purchase different products from each other. As a result,...
Persistent link: https://www.econbiz.de/10012865267
We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable …
Persistent link: https://www.econbiz.de/10013024492
We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable …
Persistent link: https://www.econbiz.de/10013025633
We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable …
Persistent link: https://www.econbiz.de/10012986539
1. Unearthing the 'very dirt of private fact' : the work of market devices -- 2. Groovy like the market? Problems with fit and adaptation in government schemes to insure the poor -- 3. Organising charisma : the role of doorstep finance agents -- 4. Following the lines from conversation to...
Persistent link: https://www.econbiz.de/10013183616
This paper estimates a consumption-based, no-arbitrage model of the term structure of real interest rates. The model … nests the standard long-run risk model which assumes constant market prices of risk. We find that the long-run consumption … for consumption volatility is negative, suggesting that long-term real bonds provide an effective hedge against the …
Persistent link: https://www.econbiz.de/10013148903
Persistent link: https://www.econbiz.de/10009349728