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  1. Is the road to hell paved with good intentions?
    an empirical analysis of budgetary follow-up in the EU
    Autor*in: Beetsma, Roel; Busse, Matthias; Germinetti, Lorenzo; Giuliodori, Massimo; Larch, Martin
    Erschienen: 29 March 2022
    Verlag:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Universitätsbibliothek Mannheim
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; DP17154
    Schlagworte: budgetary follow-up; Projection; first-release error; budget balance; revenues; Expenditures
    Umfang: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  2. Updating the retirement-consumption puzzle in Italy
    who are the most affected?
    Autor*in: Marini, Andrea
    Erschienen: [2024]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    In this paper I investigate the retirement-consumption puzzle in Italy for the period 2010-2016, using SHIW data. In order to address the endogeneity of the retirement decision, I estimate the effect of retirement by exploiting the exogeneity of... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 534
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    In this paper I investigate the retirement-consumption puzzle in Italy for the period 2010-2016, using SHIW data. In order to address the endogeneity of the retirement decision, I estimate the effect of retirement by exploiting the exogeneity of pension eligibility in an instrumental variable approach; the IV regression is then applied in a regression discontinuity design where only households close to the eligibility point are considered. The eligibility-instrument is found to be a strong predictor of the retirement decision, and the estimated non-durable consumption drop is equal to 12.3%. When households are distinguished according to the gender of the household head, female-led households are found to undergo a consumption decline that is more than double that estimated for households with male heads. The data and the literature on the subject indicate that this large difference is likely related to the gender pay-gap that translates into a gender pension-gap. Moreover, the consumption decline appears to be concentrated in households in the lower part of the wealth distribution. Nonetheless, households in the lowest wealth quintile, do not show a significant consumption decline. The data suggests that this might be due to the impossibility for these households to further reduce their consumption at retirement, as they are mostly composed of essential expenditures.

     
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289966849
    Weitere Identifier:
    Schriftenreihe: Working paper series / European Central Bank ; no 2936
    Schlagworte: Household economics; Expenditures; Inequality; Regression discontinuity design; Instrumental variable regression
    Umfang: 1 Online-Ressource (circa 59 Seiten), Illustrationen