Showing 1 - 9 of 9
, while those that do not are labelled savings policies. While both types of policies alter marginal incentives to accumulate … financed by short run increases in the stock of debt, significantly increase capital formation.2)Deficit-financed savings …
Persistent link: https://www.econbiz.de/10012478078
The effect of social security and other forms of government debt on national savings is one of the most widely debated … policy questions in economics today. Some estimates suggest that social security has reduced U.S. savings by almost forty … percent. This paper examines recent cross-section and time series empirical tests of the social security-savings question and …
Persistent link: https://www.econbiz.de/10012478385
This paper develops a perfect foresight general equilibrium simulation model of life cycle savings that may be used to … investigate the potential impact of a wide range of government policies on national savings and economic welfare. The model can …
Persistent link: https://www.econbiz.de/10012478386
Following through on pledges made during his election campaign, President Bush proposed and Congress passed a substantial tax cut in 2001, the Economic Growth and Tax Relief Reconciliation Act (EGTRRA). Much has been written about the size of the tax cut, its impact on the federal budget, its...
Persistent link: https://www.econbiz.de/10012469701
This paper examines changes over time in the degree to which the resources (human plus nonhuman wealth) of the elderly have been annuitized. Using data from the 1962 and 1983 Federal Reserve Surveys of Consumer Finances we find evidence of an increase in annuitization which is particularly...
Persistent link: https://www.econbiz.de/10012474785
In comparing Canada with the U.S., we first simulate the U.S. demographic transition, treating the U.S. as a closed economy. The time path of interest rates obtained from the U.S. simulations are then used in the Canadian simulations. In the Canada simulations, Canada is assumed to be an open...
Persistent link: https://www.econbiz.de/10012475628
This paper compares the predictions of three different saving models with respect to the impact of projected U.S. demographic change on future U.S. saving rates. The three models are the life cycle model, the infinite horizon altruism model, and a reduced form econometric model. The findings for...
Persistent link: https://www.econbiz.de/10012475629
This paper focuses on U.S. saving, demographics, and fiscal policy. We use data from the Consumer Expenditure Surveys of the 1980s to consider the effect of demographic change on past and future U.S. saving rates. Our findings indicate that demographic change may significantly alter the U.S....
Persistent link: https://www.econbiz.de/10012475893
This paper reexamines the implications of changing corporate savings, testing for the presence of a "corporate veil …
Persistent link: https://www.econbiz.de/10012476054