NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Agar Brugiavini

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info

Working Papers

January 2005Saving and Cohabitation: The Economic Consequences of Living with One's Parents in Italy and the Netherlands
with Rob Alessie, Guglielmo Weber: w11079
The paper deals with the e.ects of cohabitation of grown children with their parents on household saving, using data from Italy and the Netherlands. It presents a two-period gametheoretical model where the child has to decide whether to move out of the parental home. This decision is affected by transaction costs, the child's preference for independence, and by the consumption loss induced by the move (consumption is a public good while the child lives in the parental home). We show that the child's income share affects the household saving decision, in contrast with predictions of the standard unitary model of household decision making. Empirical results from both countries are supportive of the key model predictions. We find strong positive effects of the child income share on the saving...
September 1997Social Security and Retirement in Italy
w6155
This paper analyzes the incentives provided by the Italian Social Security System (SS) to supply labor. Italy is an interesting example in this context as: (1) fertility rates are very low while life expectancy has improved dramatically over the past decades; (2) the SS Program is extremely generous to retirees by providing very high replacement rates; (3) virtually all retirement income is in the form of SS benefits; (4) the existence of an early retirement provision, which attracts no actuarial penalty, greatly distorts choices in favor of early retirement. This paper addresses the above issue by first documenting the stylized facts of the labor market and the SS provisions. A simulation model is then developed to better understand the incentive effects of SS on current cohorts of retir...

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info

 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us