Saving up or settling down: Home ownership over the life cycle
نویسندگان
چکیده
منابع مشابه
Household Saving and Full Consumption over the Life Cycle
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full consumption. If this is done, several well-known puzzles concerning life cycle consumption behaviour are...
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Defined benefit (DB) pension freezes in large healthy firms such as Verizon and IBM, as well as terminations of plans in the struggling steel and airline industries, highlight the fact that these traditional pensions cannot be viewed as risk-free promises from the employee’s perspective. Indeed, the current turmoil in financial markets and difficult economic outlook for many firms suggest that ...
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Speed as a crucial phenomenon of modernism affects individual and collective life of human being and changes the traits of the places people live in. Increasing speed is the demand of the modern era, though on the other side in recent years there is a contrary incline towards slowing down different aspects of life. In view of this, the dualities in between social features of Speed up and slow d...
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Government ownership may dominate private ownership under government failure. Such dominance disappears as product markets grow mature, giving rise to the need for privatization. Buyers’ limited wealth imposes a constraint on how and when privatization takes place. In particular, firms may be underpriced during privatization, and privatization may take place at a sub-optimal timing which result...
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A permutation is defined to be cycle-up-down if it is a product of cycles that, when written starting with their smallest element, have an up-down pattern. We prove bijectively and analytically that these permutations are enumerated by the Euler numbers, and we study the distribution of some statistics on them, as well as on up-down permutations and on all permutations. The statistics include t...
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ژورنال
عنوان ژورنال: Review of Economic Dynamics
سال: 2014
ISSN: 1094-2025
DOI: 10.1016/j.red.2013.06.002