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information on three major economic outcomes, namely, retirement planning, choices pertaining individuals' labor supply, and … savings decisions. We also highlight that the lack of knowledge prevalently hits the most vulnerable individuals in the …
Persistent link: https://www.econbiz.de/10012296088
This paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement … increasing women's retirement age to be equal to men's …
Persistent link: https://www.econbiz.de/10012297945
-mandatory retirement savings. Therefore we analyze the intra-household allocation of retirement savings between partners in Germany taking …. These results additionally show a "crowding-in" of total retirement savings amounts between spouses, probably due to some … "peer effect". The unitary model of household decision making can thus be rejected with respect to retirement savings. …
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the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male … of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that implied a large … savings subsidy for all workers, irrespective of birth year. This paper uses linked administrative and survey data to assess …
Persistent link: https://www.econbiz.de/10012427616
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expenditures and needs in retirement reduced their non-housing saving rate by 3 percentage points. The size of the effect is …
Persistent link: https://www.econbiz.de/10010483822
The Least-Squares Monte Carlo model (LSM model) has emerged as the derivative valuation technique with the greatest impact in current practice. As with other options valuation models, the LSM algorithm was initially posited in the field of financial derivatives and its extension to the realm of...
Persistent link: https://www.econbiz.de/10011988695