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Portfolios of the Rich
Carroll, Christopher - 2009
-up version ofthe average household's portfolio; however, data on the wealthy, particularlythe 1962-63 Survey of Financial … household'sutility function as a luxury good, that risk aversion diminishes as wealthincreases.Several features of the data …
Persistent link: https://www.econbiz.de/10013153946
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Household Portfolios and Financial Preparedness for Retirement
Crawford, Rowena - 2020
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 the estimates of their...
Persistent link: https://www.econbiz.de/10012834780
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Investing Retirement Wealth : a Life-Cycle Model
Campbell, John Y. - 2010
If household portfolios are constrained by borrowing and short-sales restrictions asset markets, then alternative … retirement savings systems may affect household welfare by relaxing these constraints. This paper uses a calibrated partial …
Persistent link: https://www.econbiz.de/10012763806
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Portfolios of the Rich
Carroll, Christopher D. - 2000
Recent research has shown that rich' households save at much higher rates than others (see Carroll (2000); Dynan, Skinner, and Zeldes (1996); Gentry and Hubbard (1998); Huggett (1996); Quadrini (1999)). This paper documents another large difference between the rich and the rest of the...
Persistent link: https://www.econbiz.de/10012470917
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Richer earnings dynamics, consumption and portfolio choice over the life cycle
Gálvez, Julio; Paz Pardo, Gonzalo - 2023
Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that allowing for these rich features of earnings dynamics, in the context of a structurally estimated life-cycle portfolio choice model, helps to rationalize the limited participation...
Persistent link: https://www.econbiz.de/10014278693
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Taxation and household saving : country surveys
OECD - 1994
Persistent link: https://www.econbiz.de/10000533797
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Effects of taxes on economic behavior
Feldstein, Martin S. - 2008
"This paper discusses how the effects of taxes on economic behavior are important for revenue estimation, for … calculating efficiency effects, and for understanding short-term macroeconomoic consequences. The primary focus is on taxes on … labor income but some attention is given to taxes on income from saving. Specific calculations illustrate the importance of …
Persistent link: https://www.econbiz.de/10003638840
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Effects of taxes on economic behavior
Feldstein, Martin S. - In: National tax journal 61 (2008) 1, pp. 131-139
Persistent link: https://www.econbiz.de/10003698748
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Effects of Taxes on Economic Behavior
Feldstein, Martin S. - 2010
This paper discusses how the effects of taxes on economic behavior are important for revenue estimation, for … calculating efficiency effects, and for understanding short-term macroeconomoic consequences. The primary focus is on taxes on … labor income but some attention is given to taxes on income from saving. Specific calculations illustrate the importance of …
Persistent link: https://www.econbiz.de/10012759600
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Effects of Taxes on Economic Behavior
Feldstein, Martin S. - 2008
This paper discusses how the effects of taxes on economic behavior are important for revenue estimation, for … calculating efficiency effects, and for understanding short-term macroeconomoic consequences. The primary focus is on taxes on … labor income but some attention is given to taxes on income from saving. Specific calculations illustrate the importance of …
Persistent link: https://www.econbiz.de/10012464903