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Following the 1994 financial crisis, the rate of saving of the Mexican economy fell from 21.7 percent to 19.8 percent of GDP. The decline was associated with a reduction in the rate of external saving from 6.9 to 0.5 percent between 1994 and 1995. The overall reduction was not more dramatic...
Persistent link: https://www.econbiz.de/10011542642
Following the 1994 financial crisis, the rate of saving of the Mexican economy fell from 21. 7 percent to 19. 8 percent of GDP. The decline was associated with a reduction in the rate of external saving from 6. 9 to 0. 5 percent between 1994 and 1995. The overall reduction was not more dramatic...
Persistent link: https://www.econbiz.de/10013126492
inequality in per capita income. The level of inequality in Spain is more moderate when total gross household income is analysed …
Persistent link: https://www.econbiz.de/10011967426
Persistent link: https://www.econbiz.de/10012099729
We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across … heterogeneity in the mean savings offset depending on age, risk attitudes and country. Third, the offset follows different patterns …
Persistent link: https://www.econbiz.de/10012156487
Persistent link: https://www.econbiz.de/10012431765
correct for some parts of household savings, we question the correctness of the unitary model with respect to non …-mandatory retirement savings. Therefore we analyze the intra-household allocation of retirement savings between partners in Germany taking … "peer effect". The unitary model of household decision making can thus be rejected with respect to retirement savings. …
Persistent link: https://www.econbiz.de/10011582956
affects the saving behavior of the subjects. Savings are higher when they are incentivized with matching contributions than …
Persistent link: https://www.econbiz.de/10013491806
to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure …
Persistent link: https://www.econbiz.de/10012213993
I structurally estimate an incomplete markets life-cycle model with endogenous labor supply using data on the joint distribution of wages, hours, and consumption. The model is successful at matching the evolution of both the first and second moments of the data over the life cycle. The key...
Persistent link: https://www.econbiz.de/10011756849