Five waves of the Panel Study of Income Dynamics (PSID), 1985-1989 including both wealth supplements, are used to … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly …

Five waves of the Panel Study of Income Dynamics (PSID), 1985-1989 including both wealth supplements, are used to … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly …

influenced indirectly, through parental investments in education and earnings capacity, whereas the wealth holdings of families …

evolution of wealth inequality in Canada between 1984 and 1999. Our main findings are as follows: 1) Wealth inequality has … increased between 1984 and 1999; 2) the growth in wealth inequality has been associated with substantial declines in real … average and median wealth for recent immigrants and young couples with children; 3) real median wealth and real average wealth …

distribution of agents' discount parameters. Degenerate wealth distributions, in which only the most patient agents have any wealth …, are avoided by having a fraction of the agents die each period, and bequeath their wealth to descendants with … agents' stocks of wealth depend on their inherited wealth. If a patient individual lives long enough, she will retire and …

This paper explores the consequences of rising returns to human capital investment on the personal savings rate. Over … to argue the presence of 'skill biased technological progress'. The literature explaining household savings has also … negative relationship between returns to education and savings rates across most of the past century and also a negative …

MOBILIZING DOMESTIC SAVINGS FOR DEVELOPMENT AND THE CONSTRAINTS IN THE EFFICIENT PERFORMANCE OF THIS ROLE. EMPIRICAL EVIDENCE …

What drives capital inflows in the long run? Do they follow the predictions of neoclassical theory, or are other forces …, contrary to a pure neoclassical model, domestic savings should act as a complement rather than a substitute to capital inflows …