Najava Brown bag seminara

​43. Brown Bag seminar 

Pozivamo vas na 43. Brown bag seminar koji će se održati u četvrtak, 26. siječnja 2023., na Ekonomskom fakultetu u Zagrebu u dvorani 51 s početkom u 14 sati. Ciklus Brown bag seminara svojim izlaganjem nastavit će Marta Cota (CERGE-EI doktorski kandidat), koja će prezentirati rad u nastajanju pod naslovom „Extrapolative Income Expectations: Retirement Savings".

Kratki sažetak izlaganja:
Why do employees make small contributions delay participating in retirement plans only to increase their contributions over the course of their careers? This paper uses a structural life-cycle model based on household expectations data to explain workers' retirement contribution decisions. Using the Michigan Survey of Consumers data, I show that, while young, low-income households are pessimistic about their future income growth, while high-income households are optimistic and expect their income to be persistently high. Over time, however, household correct their biases. I construct a structural model with liquid and retirement accounts that exhibits income growth expectation patterns over the life cycle. That is, low-income workers expect their income to be persistently low, while high-income workers expect their future income to be as high. I estimate my model using the Method of Simulated Moments and compare the predictions of my model to the ones of a model with rational expectations. I show that a model with subjective expectations matches the patterns of retirement contributions observed in the data, while one with rational expectations does not. Finally, I use my estimated model to study the effect of automatic enrollment on retirement savings and find that mandating automatic enrollment with subjective expectations results in a negligible increase in retirement savings. 
 
O izlagačici:
Marta Cota je doktorska kandidatkinja na CERGE-EI (Prag, Češka Republika). Više info možete pronaći na https://www.martacota.com/.
 
Opis koncepta Brown bag seminara:
Brown bag seminar (BBS) predstavlja neformalnu radionicu u trajanju od sat vremena s ciljem prezentiranja istraživanja u različitim fazama izrade (ideje, zaokruženi teorijski okvir, provedena empirijska istraživanja, itd.), promicanja diskusije i stvaranja stimulativnog okruženja usmjerenog konstruktivnoj raspravi između izlagačice/-a i preostalih sudionika seminara. Osnovna ideja BBS-a jest stvoriti platformu na kojoj će, minimalno jednom mjesečno, zaposlenici EFZG-a dobiti priliku prezentirati ideje i članke na kojima rade u sklopu svog znanstveno-istraživačkog rada. Pozivamo vas da se odazovete i pomognete svojim konstruktivnim komentarima izlagačicama/-ima, te sami izložite teme na kojim trenutno radite, neobjavljene radove ili prezentirate istraživačke ideje o kojima razmišljate.