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Estimating temptation and commitment over the life-cycle
Kovacs, Agnes; Low, Hamish; Moran, Patrick - 2020
This paper estimates the importance of temptation (Gul and Pesendorfer, 2001) for consumption smoothing and asset accumulation in a structural life-cycle model. We use two complementary estimation strategies: first, we estimate the Euler equation of this model; and second we match liquid and...
Persistent link: https://www.econbiz.de/10012265354
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Estimating temptation and commitment over the life-cycle
Kovacs, Agnes; Low, Hamish; Moran, Patrick - 2020
This paper estimates the importance of temptation (Gul and Pesendorfer, 2001) for consumption smoothing and asset accumulation in a structural life-cycle model. We use two complementary estimation strategies: first, we estimate the Euler equation of this model; and second we match liquid and...
Persistent link: https://www.econbiz.de/10012253295
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Home Equity in Retirement
Telyukova, Irina A.; Nakajima, Makoto - Networks Financial Institute, Scott College of Business - 2011
decisions. We investigate empirically and theoretically the life-cycle patterns of housing and total assets in retirement. Using … an estimated structural model of saving and housing decisions, we find, first, that homeowners dissave slowly because … they prefer to stay in their house as long as possible, but cannot easily borrow against it. Second, the 1996-2006 housing …
Persistent link: https://www.econbiz.de/10010895787
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Housing liquidity and long-term care insurance demand : a quantitative evaluation
Achou, Bertrand - In: Journal of public economics 194 (2021), pp. 1-15
Persistent link: https://www.econbiz.de/10012797590
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Housing in Medicaid : should it really change?
Achou, Bertrand - 2020
Persistent link: https://www.econbiz.de/10012319241
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Modeling Life-Cycle Earnings Risk with Positive and Negative Shocks
Sanchez, Manuel; Wellschmied, Felix - 2017
We study workers' idiosyncratic earnings risk over the life-cycle using a German administrative data set. Positive and negative earnings shocks both contain a highly persistent component. The variance and average size of positive persistent shocks is decreasing over the life-cycle. The...
Persistent link: https://www.econbiz.de/10011744637
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The implications of household size and children for life-cycle saving
Capéau, Bart; De Rock, Bram - 2015
On the basis of a concatenation of fifteen Belgian household budget surveys from 1995/96 to 2010, we investigate the impact of demographic factors, such as ageing and changing household composition, on saving behaviour. Not focusing on high frequency events (e.g. business cycles and unexpected...
Persistent link: https://www.econbiz.de/10011506806
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Life-cycle inequality: The black and white differential
De Giorgi, Giacomo; Gambetti, Luca; Naguib, Costanza - 2023
With 20 years of PSID data, we document persistent racial differentials in life-cycle consumption dynamics. Starting from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income, and wealth are three key drivers of these different...
Persistent link: https://www.econbiz.de/10014374405
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A Cohort-Analysis of Age-Wealth Profile in Finland
Kankaanranta, Päivi - 2019
In this paper, the relationship between age and household net worth isexamined. The empirical analysis is based on a time-series of four cross-sections of the Finnish household wealth survey. Two different schemesare employed to identify age, cohort and time effects. Time-of-birth isfound to be...
Persistent link: https://www.econbiz.de/10012503083
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The implications of household size and children for life-cycle saving
Capéau, Bart; Rock, Bram de - 2015
On the basis of a concatenation of fifteen Belgian household budget surveys from 1995/96 to 2010, we investigate the impact of demographic factors, such as ageing and changing household composition, on saving behaviour. Not focusing on high frequency events (e.g. business cycles and unexpected...
Persistent link: https://www.econbiz.de/10011586153