Browsing BI Open by Author "Holm, Martin B."
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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 ...