Narrow search
Showing 51 - 60 of 38,643
Cover Image
Is the selfish life-cycle model more applicable in Japan and, if so, why? : a literature survey
Horioka, Charles - 2020
The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...
Persistent link: https://www.econbiz.de/10012291218
Cover Image
Does the selfish life-cycle model apply in the case of Japan?
Horioka, Charles - 2020
In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...
Persistent link: https://www.econbiz.de/10012195738
Cover Image
Does the Retirement Consumption Puzzle Differ Across the Distribution?
Marchand, Joseph; Fisher, Jonathan - Department of Economics, University of Alberta - 2010
Previous research has repeatedly found a puzzling one-time drop in the mean and median of consumption at retirement, contrary to the predictions of the life-cycle hypothesis. However, very little is known as to whether these effects vary across the consumption distribution. This study expands...
Persistent link: https://www.econbiz.de/10008763477
Cover Image
Does the Retirement Consumption Puzzle Differ Across the Distribution?
Fisher, Jonathan D.; Marchand, Joseph - Census Bureau, Department of Commerce - 2011
Previous research has repeatedly found a puzzling one-time drop in the mean and median of consumption at retirement, contrary to the predictions of the life-cycle hypothesis. However, very little is known as to whether these effects vary across the consumption distribution. This study expands...
Persistent link: https://www.econbiz.de/10010859486
Cover Image
Does the Retirement Consumption Puzzle Differ Across the Distribution?
Fisher, Jonathan D.; Marchand, Joseph - Census Bureau, Department of Commerce - 2011
Previous research has repeatedly found a puzzling one-time drop in consumption at retirement at the mean or median. This study expands upon the previous work by examining these same retirement changes across the entire consumption distribution through the application of quantile regression...
Persistent link: https://www.econbiz.de/10008854780
Cover Image
Do the Jonesesreally matter? Peer-group versus correlated effects in intemporal consumption choice
Maurer, Jürgen; Meier, André - 2005
Recent theoretical contributions have suggested consumption externalities, or peergroup effects, as a potential explanation for some of the puzzles in macroeconomics and finance. However, the empirical relevance of peer effects for intertemporal consumption choice is a completely open question....
Persistent link: https://www.econbiz.de/10010292999
Cover Image
Do the "Joneses" really matter? Peer-group versus correlated effects in intertemporal consumption choice
Maurer, Jürgen; Meier, André - Institute for Fiscal Studies (IFS) - 2005
Recent theoretical contributions have suggested consumption externalities, or peergroup effects, as a potential explanation for some of the puzzles in macroeconomics and finance. However, the empirical relevance of peer effects for intertemporal consumption choice is a completely open question....
Persistent link: https://www.econbiz.de/10005037500
Cover Image
The wealth decumulation behavior of the retired elderly in Japan : the relative importance of precautionary saving and bequest motives
Niimi, Yoko; Horioka, Charles - 2018
This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … bequest motives in explaining the lower than expected rates of wealth decumulation of the retired elderly. Taken together, our … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …
Persistent link: https://www.econbiz.de/10011912032
Cover Image
The relationship between the financial position of pensioners and their working-life earnings levels
Stewart, Mark B - Royal Economic Society - RES - 2003
This paper investigates the link between the incomes and wealth of pensioners and their working-life earnings levels …
Persistent link: https://www.econbiz.de/10005577114
Cover Image
Financial wealth in later life: evidence from BHPS data
Banks, James; Smith, Zoe; Wakefield, Matt - Royal Economic Society - RES - 2003
This paper examines evidence from the British Household Panel Survey on the distribution of financial wealth amongst … retirement. We analyse the links between financial wealth, housing wealth and pension status and look at lessons and implications …
Persistent link: https://www.econbiz.de/10005577124