Showing 61 - 70 of 664,059
Persistent link: https://www.econbiz.de/10013202395
Persistent link: https://www.econbiz.de/10012181755
Persistent link: https://www.econbiz.de/10014515170
According to the life-cycle theory of consumption and saving, foreseeable retirement events should not reduce …
Persistent link: https://www.econbiz.de/10008827012
According to the life-cycle theory of consumption and saving, foreseeableretirement events should not reduce …. Unser Ergebnis legt nahe, dass die permanente Einkommenshypothese in ihrer strengen Form - für die Gruppe der …
Persistent link: https://www.econbiz.de/10009306644
In this paper, I suggest a novel explanation for a hump-shaped ageconsumption profile, based on human aging. The model integrates health in the utility function and utilizes recent estimates on the effects of health on the marginal utility of consumption. The parsimonious model has a closed-form...
Persistent link: https://www.econbiz.de/10011375688
In dieser Analyse schätzen wir den Einfluss von Gewohnheits-(Habits) gegenüber Vergleichsmotiven (Envy) zur Erklärung des Konsumverhaltens US-amerikanischer Haushalte. Wir verwenden Daten der seit August 2013 erhältlichen Konsumerhebungen des Panel Study of Income Dynamics (PSID) für den...
Persistent link: https://www.econbiz.de/10010201638
We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake …-cycle theory. For retirees we also find significant effects of the income reduction at retirement on housing. However, the effects …
Persistent link: https://www.econbiz.de/10011455042
We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake …-cycle theory. For retirees we also find significant effects of the income reduction at retirement on housing. However, the effects …
Persistent link: https://www.econbiz.de/10011485846
We set up and solve a rich life-cycle model of household decisions involving consumption of both perishable goods and housing services, stochastic and unspanned labor income, stochastic house prices, home renting and owning, stock investments, and portfolio constraints. The model features habit...
Persistent link: https://www.econbiz.de/10010482078