E cikkben bemutatott modell a keresetbevallás és az újraelosztás kölcsönhatását elemzi az együttélő nemzedékek modelljében. Két nemzedék él együtt: a fiatal és az idős. A fiatalok keresnek, nyugdíjjárulékot fizetnek, adóznak, és ha marad pénzük, takarékoskodnak. Az...

This paper develops and estimates a dynamic model of stock market participation, where consumers’ decisions regarding stock market participation are influenced by participation costs. The practical significance of the participation costs is considered as being a channel through which financial...

This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....

This research inspects the general implications of considering duration of confinement as a deduction to the convicted consumer-worker time endowment. Even if analytically simple, the model is able to shed some light on the expected wage profile of criminals, and the pattern of their...

We study multivariate prevention decisions by disentangling early and late prevention. We show how the modularity of prevention and several measures of prevention efficiency interact with the agent’s risk attitude. We derive comparative statics with respect to impatience, loss severity, and...

Often people procrastinate unpleasant tasks for immediate gratification in doing nothing today. Therefore many scholars have been engaged in designing incentive schemes to avoid it. We think the process is very complicated and many features need to be analyzed, as the subjective evaluations of...

This paper studies the evolution of life satisfaction over the life course in Germany. It clarifies the causal interpretation of the econometric model by discussing the choice of control variables and the underidentification between age, cohort and time effects. The empirical part analyzes the...

This study analyses the factors influencing coaching decisions when substituting players, particularly in light of the rule change from three to five permitted substitutions. To this end, 161 coaches and their decisions are analysed in 1,836 Bundesliga matches from 2017/2018 to 2022/2023,...