A precautionary saving model is extended to include old-age pensions and provides the framework for an empirical analysis of the relation between old-age pensions and private consumption. Norwegian macrodata for socioeconomic groups of households are used to estimate consumption functions for workers and pensioners. We find no effects from various approximations of expected pension-income to consumption for workers, but results indicate some influence from labour-income uncertainty. Income elasticities are found to differ considerably between the two groups of households. Implications for effects on aggregate saving from pension policies and of ageing populations are discussed
Variation in non-pension wealth accumulation with the level of expected pensions is investigated wit...
This study examines the effect of uncertainty on the saving behavior of individuals aged sixty years...
Abstract: A much higher old-age dependency ratio, together with more generous pension benefits, will...
A precautionary saving model is extended to include old-age pensions and provides the framework for ...
The problem discussed in the paper is savings behaviour of households. Savings are introduced as a f...
This paper investigates income and consumer behavior among elderly Norwegians. Analyzing consumer be...
An extended life cycle model is used to investigate how variation in the level of expected pensions ...
In order to estimate labour supply responses among older people we have employed a very simple model...
Within the last few years, the inefficiency of the pension systems is more and more often perceived ...
Life-cycle theory suggests that household saving and pensions interact in an important way. This the...
In this paper the effects on aggregate consumption of changes in the age distribution of the populat...
In the model world with overlapping generations and uncertain life expectancy indi-viduals can live ...
Old-age pension reform is on the agenda across the OECD, and a key target is to delay retirement. Mo...
Norway, like most developed countries, is facing an ageing population from the beginning of the 21st...
The objective of this thesis is to examine the effect of pension system design on saving. Chapter ...
Variation in non-pension wealth accumulation with the level of expected pensions is investigated wit...
This study examines the effect of uncertainty on the saving behavior of individuals aged sixty years...
Abstract: A much higher old-age dependency ratio, together with more generous pension benefits, will...
A precautionary saving model is extended to include old-age pensions and provides the framework for ...
The problem discussed in the paper is savings behaviour of households. Savings are introduced as a f...
This paper investigates income and consumer behavior among elderly Norwegians. Analyzing consumer be...
An extended life cycle model is used to investigate how variation in the level of expected pensions ...
In order to estimate labour supply responses among older people we have employed a very simple model...
Within the last few years, the inefficiency of the pension systems is more and more often perceived ...
Life-cycle theory suggests that household saving and pensions interact in an important way. This the...
In this paper the effects on aggregate consumption of changes in the age distribution of the populat...
In the model world with overlapping generations and uncertain life expectancy indi-viduals can live ...
Old-age pension reform is on the agenda across the OECD, and a key target is to delay retirement. Mo...
Norway, like most developed countries, is facing an ageing population from the beginning of the 21st...
The objective of this thesis is to examine the effect of pension system design on saving. Chapter ...
Variation in non-pension wealth accumulation with the level of expected pensions is investigated wit...
This study examines the effect of uncertainty on the saving behavior of individuals aged sixty years...
Abstract: A much higher old-age dependency ratio, together with more generous pension benefits, will...