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Endogenous Non-Tradable Earnings and Households’ Demand for Risky Assets

Arrondel, Luc - 2014

Exploiting French survey data, we empirically ascertain whether earnings uncertainty and borrowing constraints decrease households demand for risky assets, consistent with theoretical predictions. A major empirical problem is the potential endogeneity bias of income risk, as more risk averse...

Persistent link: https://www.econbiz.de/10013048867

A Simple Method to Estimate the Roles of Learning, Inventories and Category Consideration in Consumer Choice

Ching, Andrew T.; Erdem, Tulin; Keane, Michael P. - 2015

Models of consumer learning and inventory behavior have both proven to be valuable for explaining consumer choice dynamics. In their pure form these models assume consumers solve complex dynamic programming (DP) problems to determine optimal choices. For this reason, these models are best viewed...

Persistent link: https://www.econbiz.de/10014037143

Online Appendices to Learning Models : An Assessment of Progress, Challenges and New Developments

Ching, Andrew T.; Erdem, Tulin; Keane, Michael P. - 2022

Learning models extend the traditional discrete choice framework by postulating that consumers have incomplete information about product attributes, and that they learn about these attributes over time. In this survey we describe the literature on learning models that has developed over the past...

Persistent link: https://www.econbiz.de/10013404063

Non-take-up of Tax-favored Savings Plans: Are Household Portfolios Optimal?

Alessie, Rob; Hochguertel, Stefan; Soest, Arthur van - Tinbergen Institute - 2002

Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer …- sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this plan are tax … suggests that those who have access to this type of savings should participate in them, provided they have some financial …

Persistent link: https://www.econbiz.de/10005795582

Unemployment and Liquidity Constraints

Hajivassiliou, Vassilis A.; Ioannides, Yannis M. - Cowles Foundation for Research in Economics, Yale University - 1995

In this paper we propose a modelling approach for labor supply and consumption decisions that is firmly grounded within a utility maximizing framework and allows for a role of such institutional constraints as limited access to borrowing and involuntary unemployment. We report estimations for a...

Persistent link: https://www.econbiz.de/10005093949

Préférences face au risque et à l'avenir. Types d'épargnants

Verger, Daniel; Masson, André; Arrondel, Luc - Université Paris-Dauphine (Paris IX) - 2005

In an extended variant of the life-cycle hypothesis, saving behaviour is shown to depend crucially on the interaction between two preference parameters : γ, which represents risk attitudes (aversion, prudence…), and δ, the rate of time depreciation. Hence, the predictions of four specific...

Persistent link: https://www.econbiz.de/10011073664

Ownership of Stocks and Mutual Funds : A Panel Data Analysis

van soest, arthur; Alessie, R.J.M.; Hochgürtel, S. - Tilburg University, Center for Economic Research - 2001

interactions between the two types of assets.The models are estimated on data from the 1993-1998 waves of the Dutch CentER Savings …

Persistent link: https://www.econbiz.de/10011090799

Non-take-up of Tax-favored Savings Plans: Are Household Portfolios Optimal?

Alessie, Rob; Hochguertel, Stefan; Soest, Arthur van - Tinbergen Instituut - 2001

Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer …-sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this planare tax-deductible, and … suggests that those who have access to this type of savings should participate inthem, provided they have some financial wealth …

Persistent link: https://www.econbiz.de/10011257210

Retirement sorted? : the adequacy and optimality of wealth among the near-retired

Crawford, Rowena; O'Dea, Cormac - 2014

Much of the focus of the UK pensions policy debate over the past decade has been on the adequacy (or otherwise) of …

Persistent link: https://www.econbiz.de/10010402537

Religion, economic attitudes, and household finance

Renneboog, Luc; Spaenjers, Christophe - In: Oxford economic papers 64 (2012) 1, pp. 103-127

Persistent link: https://www.econbiz.de/10009488232