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Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
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This paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement … impacts. The analysis finds that household structure is an important determinant of the behavioral and distributional impacts …
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correct for some parts of household savings, we question the correctness of the unitary model with respect to non …-mandatory retirement savings. Therefore we analyze the intra-household allocation of retirement savings between partners in Germany taking … "peer effect". The unitary model of household decision making can thus be rejected with respect to retirement savings. …
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