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The Retirement-Savings Puzzle Revisited : The Role of Housing as a Bequeathable Asset
Andreu, Eduard Suari - 2016
The so-called retirement-savings puzzle is a phenomenon by which, contrary to what the basic life-cycle model predicts … that attempts to solve the retirement-savings puzzle and, in addition, we review more extensively the literature on housing … Nakajima and Telyukova (2011), who find that homeownership interacts with the factors that explain the retirement-savings …
Persistent link: https://www.econbiz.de/10012997163
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Consumption and savings over the live cycle
Ekman, Erik - 1996
Persistent link: https://www.econbiz.de/10013432431
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Why do Europeans save? : micro-evidence from the household finance and consumption survey
Horioka, Charles; Ventura, Luigi - 2024
In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to...
Persistent link: https://www.econbiz.de/10015047840
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Why do Europeans save? : micro-evidence from the household finance and consumption survey
Horioka, Charles; Ventura, Luigi - 2024
Persistent link: https://www.econbiz.de/10015051268
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Inequality and the life cycle
Kaplan, Greg - In: Quantitative economics : QE ; journal of the … 3 (2012) 3, pp. 471-525
I structurally estimate an incomplete markets life-cycle model with endogenous labor supply using data on the joint distribution of wages, hours, and consumption. The model is successful at matching the evolution of both the first and second moments of the data over the life cycle. The key...
Persistent link: https://www.econbiz.de/10011756849
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Mortality Risk and Consumption by Couples
Hurd, Michael D. - 1999
This paper proposes and analyzes a life-cycle model of consumption by couples. The model is considerably more complicated than the standard model for singles because it has to account for the welfare of a surviving spouse. The determinants of consumption are the survival paths of each spouse,...
Persistent link: https://www.econbiz.de/10012471753
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Consumption Over the Life Cycle : The Role of Annuities
Hansen, Gary D. - 2010
We explore the quantitative implications of uncertainty about the length of life and a lack of annuity markets for life cycle consumption in a general equilibrium overlapping generations model in which markets are otherwise complete. Empirical studies find that consumption tends to rise early in...
Persistent link: https://www.econbiz.de/10012761264
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Mortality Risk and Consumption by Couples
Hurd, Michael D. - 2021
This paper proposes and analyzes a life-cycle model of consumption by couples. The model is considerably more complicated than the standard model for singles because it has to account for the welfare of a surviving spouse. The determinants of consumption are the survival paths of each spouse,...
Persistent link: https://www.econbiz.de/10013235278
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Consumption Over the Life Cycle : The Role of Annuities
Hansen, Gary D. - 2006
We explore the quantitative implications of uncertainty about the length of life and a lack of annuity markets for life cycle consumption in a general equilibrium overlapping generations model in which markets are otherwise complete. Empirical studies find that consumption tends to rise early in...
Persistent link: https://www.econbiz.de/10012466324