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We study the impact of an anticipated "baby boom" in an overlapping generations economy.The rise of the working population lowers the wage, and the high demand for assets causes a rise in the price of capital which will be reversed when the baby boomers leave the work-force.However, the swings...
Persistent link: https://www.econbiz.de/10011090451
reinvestment. While most informal savings practices do not imply a lower likelihood of entrepreneurial reinvestment when compared … with formal savings practices, we find a significantly negative effect of saving within the household on the likelihood of …
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Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer …-sponsored savings plans (ESSPs).Under some conditions and up to a certain amount, the contributions to this plan are tax-deductible, and ….It suggests that those who have access to this type of savings should participate in them, provided they have some financial …
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We examine incomplete annuity menus and background risk as possible drivers of divergence from full annuitization. Contrary to what is often suggested in the literature, we find that full annuitization remains optimal if saving is possible after retirement. This holds irrespective of whether...
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This paper analyzes the portfolio structure of households in the Netherlands. It considers the allocation of financial wealth to two major asset categories, namely saving accounts on the one hand and stocks and bonds on the other hand. The latter category is considered to be more risky than the...
Persistent link: https://www.econbiz.de/10011091636
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