ERN: Life Cycle Models (Topic)最新文献_第3页

How to Invest Over the Life-Cycle in the Presence of Background Risk? 如何在存在背景风险的情况下进行全生命周期投资?

ERN: Life Cycle Models (Topic) Pub Date : 2012-06-19 DOI: 10.2139/ssrn.2055835

Jingjing Chai

引用次数: 0

The Effect of Endogenous Human Capital Accumulation on Optimal Taxation 内生人力资本积累对最优税收的影响

ERN: Life Cycle Models (Topic) Pub Date : 2012-01-01 DOI: 10.2139/ssrn.1991840

William B. Peterman

引用次数: 42

Retirement Choice Simulation in Household Settings with Heterogeneous Pension Plans 不同养老金计划下家庭退休选择模拟

ERN: Life Cycle Models (Topic) Pub Date : 2011-08-08 DOI: 10.2139/ssrn.1906169

Jinjing Li, C. O’Donoghue

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引用次数: 5

Economic Rationality, Risk Presentation, and Retirement Portfolio Choice 经济理性、风险呈现与退休投资组合选择

ERN: Life Cycle Models (Topic) Pub Date : 2010-12-08 DOI: 10.2139/ssrn.1776525

H. Bateman, C. Ebling, J. Louviere, S. Satchell, S. Thorp, John Geweke

{"title":"Economic Rationality, Risk Presentation, and Retirement Portfolio Choice","authors":"H. Bateman, C. Ebling, J. Louviere, S. Satchell, S. Thorp, John Geweke","doi":"10.2139/ssrn.1776525","DOIUrl":"https://doi.org/10.2139/ssrn.1776525","url":null,"abstract":"This research studies the propensity of individuals to violate implications of expected utility maximization in allocating retirement savings within a compulsory defined contribution retirement plan. The paper develops the implications and describes the construction and administration of a discrete choice experiment to almost 1200 members of Australia's mandatory retirement savings scheme. The experiment finds overall rates of violation of roughly 25%, and substantial variation in rates, depending on the presentation of investment risk and the characteristics of the participants. Presentations based on frequency of returns below or above a threshold generate more violations than do presentations based on the probability of returns below or above thresholds. Individuals with low numeracy skills, assessed as part of the experiment, are several times more likely to violate implications of the conventional expected utility model than those with high numeracy skills. Older individuals are substantially less likely to violate these restrictions, when risk is presented in terms of event frequency, than are younger individuals. The results pose significant questions for public policy, in particular compulsory defined contribution retirement schemes, where the future welfare of participants in these schemes depends on quantitative decision-making skills that a significant number of them do not possess.","PeriodicalId":151802,"journal":{"name":"ERN: Life Cycle Models (Topic)","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123706148","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 11

Life-Cycle Hypothesis of Savings: Empirical Evidence from Rural Households in Tanzania 储蓄的生命周期假说:来自坦桑尼亚农村家庭的经验证据

ERN: Life Cycle Models (Topic) Pub Date : 1998-12-01 DOI: 10.2139/ssrn.3274593

M. Ndanshau

引用次数: 3

Der Einfluß Der Zinsen Auf Den Privaten Verbrauch in Deutschland 利率对德国家庭消费的影响

ERN: Life Cycle Models (Topic) Pub Date : 1900-01-01 DOI: 10.2139/ssrn.2785780

H. Hansen

引用次数: 8