We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using Markov chains to model the transition between different employment states. In contrast to most models in the...
Vladimir Kuzin, Franziska Bremus
London, Großbritannien,
15.07.2010
- 17.07.2010| 16th International Conference of the Society for Computational Economics
We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using Markov chains to model the transition between different employment states. In contrast to most models in the...
Vladimir Kuzin, Franziska Bremus
Berlin,
26.04.2010
| Financial Systems, Efficiency and Stimulation of Sustainable Growth (FINESS): Advisory and Steering Committee Meeting
We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using Markov chains to model the transition between different employment states. In contrast to most models in the...
Vladimir Kuzin, Franziska Bremus
Berlin,
11.03.2010
| DIW Graduate Center Seminar
Vladimir Kuzin, Franziska Bremus
Tübingen,
22.01.2010
- 23.01.2010| International Finance and Macroeconomics: Research Workshop des IAW und der Universität Tübingen