Saving after Retirement and Preferences for Residual Wealth Staff working paper 2024-21 Giulio Fella, Martin B. Holm, Thomas Michael Pugh We estimate a model of households in Norway with bequest motives, health-dependent utility, and uncertain longevity and health. Our estimates imply strong bequest motives for households both with and without offspring. We interpret this as suggestive evidence that utility from residual wealth represents forces beyond an altruistic bequest motive. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D1, D11, D12, D14, E, E2, E21 Research Theme(s): Financial system, Financial stability and systemic risk, Models and tools, Economic models, Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
Identifying Consumer-Welfare Changes when Online Search Platforms Change Their List of Search Results Staff working paper 2020-5 Ryan Martin Online shopping is often guided by search platforms. Consumers type keywords into query boxes, and search platforms deliver a list of products. Consumers' attention is limited, and exhaustive searches are often impractical. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C1, C14, D, D1, D11, D12, D6, D8, D83, L, L4, L40 Research Theme(s): Financial markets and funds management, Market structure, Models and tools, Econometric, statistical and computational methods
Identification of Random Resource Shares in Collective Households Without Preference Similarity Restrictions Staff working paper 2017-45 Geoffrey R. Dunbar, Arthur Lewbel, Krishna Pendakur Resource shares, defined as the fraction of total household spending going to each person in a household, are important for assessing individual material well-being, inequality and poverty. They are difficult to identify because consumption is measured typically at the household level, and many goods are jointly consumed, so that individual-level consumption in multi-person households is not directly observed. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C3, C31, D, D1, D11, D12, D13, I, I3, I32 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Structural challenges, Demographics and labour supply