• Estimating the Elasticity of Intertemporal Substitution using Dividend Tax News Shocks 

      Holm, Martin B.; Jamilov, Rustam; Jasinski, Marek; Nenov, Plamen (HOFIMAR Working Paper Series;2/2024, Working paper, 2024-07)
      This paper studies the spending response to news about a dividend tax reform to estimate the elasticity of intertemporal substitution (EIS). The Norwegian dividend tax reform was proposed in 2003, announced in 2004, and ...
    • How Does Monetary Policy Affect Household Indebtedness? 

      Fagereng, Andreas; Gulbrandsen, Magnus A. H.; Holm, Martin B.; Natvik, Gisle J. (HOFIMAR Working Paper Series;5/2023, Working paper, 2023)
      Growth in household debt-to-income ratios can be attributed to nominal debt changes or mechanical “Fisher effects” from interest income and expenses, real income growth, and inflation. With microdata covering the universe ...
    • Saving after Retirement and Preferences for Residual Wealth 

      Fella, Giulio; Holm, Martin B.; Pugh, Thomas M. (HOFIMAR Working Paper Series;1/2024, Working paper, 2024-05)
      We use administrative data for Norway to estimate an incomplete-market life-cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the ...