This paper provides new evidence on how wealth shocks influence retirement behavior.
Economic theory generally posits that leisure is a normal good, yet it is difficult to obtain …

Kreditkanal und Bilanzeffekt auf den Konsum sowie auf die Immobiliennachfrage selbst,
bestimmt (Fessler et al., 2009a). Auch für das Sparen und den Konsum der Haushalte kann …

This paper empirically investigates the effects of changes in the interest rate as well as
transitory income uncertainty on households' consumption-savings decision. Applying a …

В статье рассматриваются основные подходы к изучению альтруизма, большей частью
сводящиеся к измерению межпоколенческих трансфертов в России и на Западе …

Many economic analyses of public policy issues are based upon the life-cycle model of
household behavior. The usual formulation omits private intergenerational transfers. This …

The effects of childbearing patterns on the timing of men's and women's retirement were
examined. The data for this study come from the Health and Retirement Study, waves 1-7 …

Saving for retirement is a decision that depends on many factors. Firstly, it depends on the
disposable income and future expected income. Secondly, the composition of households …

The democratization of credit introduced consumer loans, particularly in the form of credit
cards, to an increasing number of American households. Despite the salience of this …

We examine 1992-2008 HRS data on inheritances and inter vivos gifts. We uncover a
problem with the data: a household's financial respondent often seems to understate …

This paper divides the population into two groups: the “inheritors” or “rentiers”(whose wealth
is smaller than the capitalized value of their inherited wealth, ie who consumed more than …