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Older or Wealthier? The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries
Almas, Ingvild; Mogstady, Magne - 2009
finding relies on cross-section data, we may confuse older with wealthier. We propose a new method to adjust for age effects … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other …
Persistent link: https://www.econbiz.de/10011600825
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Pension Fund Restoration Policy In General Equilibrium
Kastelein, Pim B.; Romp, Ward E. - 2018
When the financial positions of pension funds worsen, regulations prescribe that pension funds reduce the gap between their assets (invested contributions) and their liabilities (accumulated pension promises). This paper quantifies the business cycle effects and distributional implications of...
Persistent link: https://www.econbiz.de/10011932324
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Older or Wealthier? The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries
Almås, Ingvild; Mogstad, Magne - 2009
finding relies on cross-section data, we may confuse older with wealthier. We propose a new method to adjust for age effects … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other …
Persistent link: https://www.econbiz.de/10011968353
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Do tax cuts increase consumption? An experimental test of Ricardian Equivalence
Meissner, Thomas; Rostam-Afschar, Davud - 2014
This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment. This proposition is a fundamental assumption underlying numerous studies on intertemporal choice and has important implications for tax policy. Using nonparametric and panel...
Persistent link: https://www.econbiz.de/10010392293
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Do tax cuts increase consumption? An experimental test of Ricardian Equivalence
Rostam-Afschar, Davud; Meissner, Thomas - 2014
This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment. This proposition is a fundamental assumption underlying numerous studies on intertemporal choice and has important implications for tax policy. Using nonparametric and panel...
Persistent link: https://www.econbiz.de/10010397052
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Do tax cuts Increase consumption? An experimental test of Ricardian Equivalence
Meissner, Thomas; Rostam-Afschar, Davud - 2014
This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment. This proposition is a fundamental assumption underlying numerous studies on intertemporal choice and has important implications for tax policy. Using nonparametric and panel...
Persistent link: https://www.econbiz.de/10010491444
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Consumption Over the Life Cycle: A Selected Literature Review
Kankaanranta, Päivi - 2006
Simple life cycle and permanent income hypotheses imply that changes in consumption should be unforecastable. Rational forward-looking agents ought to smooth consumption over the life cycle and exhaust the asset stock accumulated during the working career in retirement. Empirical observations...
Persistent link: https://www.econbiz.de/10012502961
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The dissaving of the aged revisited : the case of Japan
Horioka, Charles (contributor) - 2006
In this paper, I survey the previous literature on the saving behavior of the aged in Japan and then present some survey data on the saving behavior of the aged in Japan that became available recently. To summarize the main findings of this paper, all previous studies as well as the newly...
Persistent link: https://www.econbiz.de/10003339272
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Uncertain longevity and investment in education
Sheshinski, Eytan - 2009
warrant the above hypotheses. We provide assumptions about the change in survival probabilities, specifically about the age … dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …. -- longevity ; survival functions ; education ; work ; age of retirement ; annuities …
Persistent link: https://www.econbiz.de/10003883894
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Rules of thumb in life-cycle saving decisions
Winter, Joachim; Schlafmann, Kathrin; Rodepeter, Ralf - 2011
We analyse life-cycle saving decisions when households use simple heuristics, or rules of thumb, rather than solve the underlying intertemporal optimization problem. We simulate life-cycle saving decisions using three simple rules and compute utility losses relative to the solution of the...
Persistent link: https://www.econbiz.de/10009375746