Suche
Anzeige der Dokumente 1-5 von 5
Cognition, Optimism and the Formation of Age-Dependent Survival Beliefs
(2018-06-02)
This paper investigates the roles psychological biases play in deviations between subjective survival beliefs (SSBs) and objective survival probabilities (OSPs). We model deviations between SSBs and OSPs through age-dependent ...
Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk
(2018-02-09)
We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general ...
Pro-rich Inflation in Europe: Implications for the Measurement of Inequality
(2018-05-17)
This paper studies the distributional consequences of a systematic variation in expenditure shares and prices. Using European Union Household Budget Surveys and Harmonized Index of Consumer Prices data, we construct ...
Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms
(2018-04-25)
We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model ...
Can Households See into the Future? Survey Evidence from the Netherlands
(2018-07-14)
This paper presents new evidence on the expectation formation process from a Dutch household survey. Households become too optimistic about their future income after their income has improved, consistent with the ...