The paper presents a tractable empirical entry model that integrates strategic considerations and firms’ heterogeneity. Individual entry decisions are derived from a profit function and are specified as the outcome of a discrete game among potential entrants. Using data from a set of...

Purpose: The purpose of this paper is to study the driving forces of both the decision to participate in individual pension plans and the amount of money allocated to such plans. Moreover, this paper evaluates the potential role that income plays, which has not previously been considered in...

Purpose: This paper aims to investigate whether individuals’ planning horizon influences their decision to save privately for their retirement. Design/methodology/approach: Focussing on Spain, this empirical research uses the fifth wave of the Survey of Health, Ageing and Retirement in Europe...

Purpose: This paper aims to explore the linkage between households' social interactions and credit context and how these interactions may influence household borrowing decisions. Design/methodology/approach: Based on a sample of 45,907 individuals referred to 18 countries, drawn from the Survey...