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Social Security and Individual Welfare : Precautionary Saving, LiquidityConstraints, and the Payroll Tax

Hubbard, R. Glenn - 1985

Recent advances in the examination of efficiency gains from dynamic tax reforms have used simulation models to isolate intragenerational and/or intergenerational effects. Important considerations having to do with uncertainty or capital market imperfections are frequently missing from such a...

Persistent link: https://www.econbiz.de/10012477343

Uncertain Lifetimes, Pensions, and Individual Saving

Hubbard, R. Glenn - 1984

Attempts to measure the impacts of pensions on household saving have occupied much of the literature in empirical … public finance over the past decade. The emphasis here is on the annuity insurance aspects of social security and pensions. A … subsequent generations is diminished. The final sections of the paper extend the approach to private pensions and address …

Persistent link: https://www.econbiz.de/10012477727

'Precautionary' Saving Revisited : Social Security, Individual Welfare, and the Capital Stock

Hubbard, R. Glenn - 1984

This paper focuses on precautionary saving against uncertain longevity and on the annuity insurance aspects of social security within the life-cycle framework. The principal findings are three. First, the evolution of social security is reviewed in response to missing markets for providing...

Persistent link: https://www.econbiz.de/10012477659

Entrepreneurship and Household Saving

Gentry, William M. - 2000

studies of household saving decisions in general and of the savings decisions of wealthy or high-income households in …

Persistent link: https://www.econbiz.de/10012470843

Assessing the Effectiveness of Saving Incentives

Hubbard, R. Glenn - 1996

In this paper, we argue that there is more to be learned from recent research on the effectiveness of targeted saving incentives than is suggested by the wide variation in empirical estimates. First, we conclude that characterizations of saving appear to stimulate moderate amounts of new saving....

Persistent link: https://www.econbiz.de/10012473156

Precautionary Saving and Social Insurance

Hubbard, R. Glenn - 1994

Microdata studies of household saving often find a significant group in the population with virtually no wealth, raising concerns about heterogeneity in motives for saving. In particular, this heterogeneity has been interpreted as evidence against the life-cycle model of saving. This paper...

Persistent link: https://www.econbiz.de/10012474023

The Importance of Precautionary Motives in Explaining Individual and Aggregate Saving

Hubbard, R. Glenn - 1993

This paper examines predictions of a life-cycle simulation model -- in which individuals face uncertainty regarding their length of life, earnings, and out-of-pocket medical expenditures, and imperfect insurance and lending markets -- for individual and aggregate wealth accumulation. Relative to...

Persistent link: https://www.econbiz.de/10012474426