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In this paper we study the relevance and mechanics of consumption network effects. We use long panel data on the entire Danish population to construct a measure of consumption based on administrative tax records, and define the peer groups in terms of workplace, occupation, education, and age....
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This PhD dissertation consists of four self-contained chapters. The first two chapters study how the design of public pension systems affect individuals' behavior. The first chapter studies how pension eligibility ages impact the retirement behavior of couples. The second chapter explores how...
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the financial cost of refinancing). We estimate the model on high-quality administrative panel data from Denmark, where …
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implication that wealth should decline over time. The risk of large out-of-pocket medical expenditures is negligible in Denmark … explanations are not plausible for Denmark (and therefore also questionable for the U.S.). Our analysis instead attempts to explain …
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