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Galama, Titus J. - RAND - 2011

This paper presents a theory of the demand for health, health investment and longevity, building on the human capital framework for health and addressing limitations of existing models. It predicts a negative correlation between health investment and health, that the health of wealthy and...

Persistent link: https://www.econbiz.de/10008833446

A theory of socioeconomic disparities in health over the life cycle

Galama, Titus J.; Van Kippersluis, Hans - 2010

subsequent narrowing with age of the gradient in health by SES. …

Persistent link: https://www.econbiz.de/10011381036

Time preferences over the life cycle

Kureishi, Wataru; Paule-Paludkiewicz, Hannah; … - 2020

. In order to disentangle age effects from cohort and period factors, we estimate individual fixed-effects models …

Persistent link: https://www.econbiz.de/10012303352

Time preferences over the life cycle

Kureishi, Wataru; Paule-Paludkiewicz, Hannah; … - 2020

. We estimate the age patterns of discount rates from age 25 to 80. In order to identify age effects, we have to … discount rates decrease with age and the decline is remarkably linear over the life cycle. …

Persistent link: https://www.econbiz.de/10012170434

Does it really get better with age? : life-cycle patterns of confidence in Germany

Friehe, Tim; Pannenberg, Markus - 2019

This paper investigates if and how confidence at the individual level changes over the course of a life. We provide age … probability increase non-linearly with age up to the fifties. To illustrate the economic importance of the identified age gradient …-related confidence levels are, in all likelihood, a hindrance for prudent financial decisions in preparation for old age. …

Persistent link: https://www.econbiz.de/10012231947

Rushing into American dream? House prices, timing of homeownership, and adjustment of consumer credit

Agarwal, Sumit; Hu, Luojia; Huang, Xing - 2013

In this paper we use a large panel of individuals from Consumer Credit Panel dataset to study the timing of homeownership as a function of credit constraints and expectations of future house price. Our panel data allows us to track individuals over time and we model the transition probability of...

Persistent link: https://www.econbiz.de/10010352190

Euler equation estimation: Children and credit constraints

Jørgensen, Thomas Høgholm - In: Quantitative Economics 7 (2016) 3, pp. 935-968

Conventional estimators based on the consumption Euler equation, intensively used in studies of intertemporal consumption behavior, produce biased estimates of the effect of children on the marginal utility of consumption if consumers face credit constraints. As a more constructive contribution,...

Persistent link: https://www.econbiz.de/10011995479

Rushing into American Dream? House Prices, Timing of Homeownership, and Adjustment of Consumer Credit

Agarwal, Sumit; Hu, Luojia; Huang, Xing - Federal Reserve Bank of Chicago - 2013

Persistent link: https://www.econbiz.de/10010739552

Euler Equation Estimation: Children and Credit Constraints

Jørgensen, Thomas Høgholm - Økonomisk Institut, Københavns Universitet - 2014

I show that conventional estimators based on the consumption Euler equation, intensively used in studies of intertemporal consumption behavior, produce biased estimates of the effect of children on consumption if potentially binding credit constraints are ignored. As a more constructive...

Persistent link: https://www.econbiz.de/10010940435

Wealth mobility and dynamics over entire individual working life cycles

Hochguertel, Stefan; Ohlsson, Henry - 2011

We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...

Persistent link: https://www.econbiz.de/10011605347