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Retirement sorted? : the adequacy and optimality of wealth among the near-retired

Crawford, Rowena; O'Dea, Cormac - 2014

Much of the focus of the UK pensions policy debate over the past decade has been on the adequacy (or otherwise) of private retirement saving. In this paper, we present the first assessment of the optimality of the retirement resources of English couple households born in the 1940s. Here,...

Persistent link: https://www.econbiz.de/10010402537

Savings, Growth and Capital Markets Imperfections : The Case of Borrowing Constraints

de Gregorio, Jose - 2006

This paper studies the effects that borrowing constraints have on savings and growth and argues that, though they … increase savings, their effect on growth is ambiguous. Empirical evidence on the extent of borrowing constraints as well as … savings, investment, human capital accumulation and growth performance for industrialized countries is presented. A simple …

Persistent link: https://www.econbiz.de/10012781729

Diversification of Risk and Saving

Wilson, Bonnie - 2004

This paper provides evidence that domestic opportunities to share risk have contributed to lower rates of private saving. Two econometric procedures are used in the analysis: (1) traditional instrumental variables estimation and (2) dynamic panel methods. The results reveal a negative...

Persistent link: https://www.econbiz.de/10014069641

The Welfare Effects of Liquidity Constraints

Jappelli, Tullio; Pagano, Marco - 2008

We analyze the welfare implications of liquidity constraints for households in an overlapping generations model with growth. In a closed economy with exogenous technical progress, liquidity constraints reduce welfare if the economy is dynamically inefficient. But if it is dynamically efficient,...

Persistent link: https://www.econbiz.de/10014206580

The Welfare Effects of Liquidity Constraints

Jappelli, Tullio; Pagano, Marco - 2008

Persistent link: https://www.econbiz.de/10014206582

Unemployment and portfolio choice : does persistence matter?

Kuzin, Vladimir; Bremus, Franziska M. - 2010

persistence. -- Precautionary savings ; unemployment insurance ; long-term unemployment ; income uncertainty …

Persistent link: https://www.econbiz.de/10003934763

Getting to the top of mind : how reminders increase saving

Karlan, Dean; McConnell, Margaret Mary; Mullainathan, … - 2010

expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings … account holders. -- Intertemporal consumer choice ; savings ; attention …

Persistent link: https://www.econbiz.de/10008658481

Rules of thumb in life-cycle saving decisions

Winter, Joachim; Schlafmann, Kathrin; Rodepeter, Ralf - 2011

We analyse life-cycle saving decisions when households use simple heuristics, or rules of thumb, rather than solve the underlying intertemporal optimization problem. We simulate life-cycle saving decisions using three simple rules and compute utility losses relative to the solution of the...

Persistent link: https://www.econbiz.de/10009375746

Ambiguous survival beliefs and hyperbolic discounting in a life-cycle model : conference paper

Groneck, Max; Ludwig, Alexander; Zimper, Alexander - 2013

is compared with hyperbolic discounting within a standard life-cycle setting of consumption and savings. We show …

Persistent link: https://www.econbiz.de/10010340559

The time path of the saving rate : hyperbolic discounting and short-term planning

Farzin, Yeganeh Hossein; Wendner, Ronald - 2014

The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate, when reasonably calibrated. Ample empirical evidence, however, shows that the transition paths of most countries' saving rates exhibit a statistically significant hump-shaped...

Persistent link: https://www.econbiz.de/10010373737