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This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We undertake a quantitative investigation using an overlapping generations (OLG) model where agents live for 85 years. Consumers begin to exercise decision making when they are 18....
Persistent link: https://www.econbiz.de/10012461829
When households increase their deposits in formal bank savings accounts, what is the source of the money? We combine … collect deposits directly from households each week. In this context, the headwaters of formal savings are to be found in … sacrificed leisure time: households work more, and work more on the wage market when savings options improve. These results …
Persistent link: https://www.econbiz.de/10012457930
This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization decisions of municipally-owned apartment buildings, we obtain random variation in home ownership for otherwise similar buildings with similar tenants. We link the tenants to their...
Persistent link: https://www.econbiz.de/10012455798
Persistent link: https://www.econbiz.de/10001570013
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accentuated by fundamental pension reforms that aim at more pre-funding. Population aging changes households' savings behavior and … at the effects of population aging on savings behavior and capital markets therefore adds a new dimension to the …
Persistent link: https://www.econbiz.de/10012470157
security are the least well informed about their social security benefits, while those who are most dependent on pensions are …
Persistent link: https://www.econbiz.de/10012470312
limits bind those older middle-income households who started their pension savings programs late in life, those who plan to …
Persistent link: https://www.econbiz.de/10012470556
The conventional approach to retirement and life insurance planning, which is used throughout the financial planning industry, differs markedly from the economic approach. The conventional approach asks households to specify how much they want to spend before retirement, after retirement, and in...
Persistent link: https://www.econbiz.de/10012471463
This paper presents new evidence on the potential importance of 401(K) assets in contributing to the retirement resources of future retirees. We use data on past 401(k) participation rates by age and imcome decile, along with information on average 401(k) contribution rates, to project the...
Persistent link: https://www.econbiz.de/10012471470