Showing 1 - 10 of 182
This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the … primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent … improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline …
Persistent link: https://www.econbiz.de/10014395990
This paper considers the implications of the prospective aging of the U.S. population for the social security system and concludes that the large and growing cashflow surpluses of the social security trust funds should be saved to help insulate living stands against this change. A number of...
Persistent link: https://www.econbiz.de/10014396207
In the next 30-40 years, past changes in fertility and mortality will lead to a significant increase in the share of … the elderly. This study suggests that these demographic trends may lead to a decline in the G-7 private savings rate after …
Persistent link: https://www.econbiz.de/10014396157
, explain a large part of the diversity in savings behavior in Asia across eight countries as well as over time. Inflation and …This paper shows how growth and demography, two important determinants of the savings rate in the life-cycle approach … save. The paper also finds evidence in favor of the error-correction formulation under which the savings rate varies …
Persistent link: https://www.econbiz.de/10014396475
Persistent link: https://www.econbiz.de/10004245820
This Selected Issues paper focuses on the medium-term budgetary framework (MTBF) for Austria. Austria is part of a trend among many countries to consider some form of MTBF. This paper describes the proposed framework in Austria and assesses it in light of the experience of other countries. The...
Persistent link: https://www.econbiz.de/10014404925
This Selected Issues paper for Belgium evaluates whether price increases in Belgium are excessive. It assesses the household and bank balance sheets and their vulnerability to a slowdown in housing prices, and identifies differences in real estate markets between Belgium and other countries. The...
Persistent link: https://www.econbiz.de/10014405076
This Selected Issues paper estimates a dynamic model of foreign currency loans to households in Austria to analyze their behavior and assess the effectiveness of measures intended to stem their rise. This paper also studies the developments in Austria’s economic linkages with Germany and the...
Persistent link: https://www.econbiz.de/10014406061
Belgium has effected a remarkable fiscal adjustment, best illustrated by the decline in its public debt. While benefiting from an appreciable decline in interest rates, most of the underlying consolidation reflected a considerable increase in the tax burden, one of the highest in the...
Persistent link: https://www.econbiz.de/10014406109
This Selected Issues paper analyzes fiscal devolution in Belgium. It examines long-term fiscal strategies for meeting the fiscal burden of population aging. The paper presents estimates of the fiscal costs of population aging in Belgium, and discusses their sensitivity to underlying assumptions....
Persistent link: https://www.econbiz.de/10014406500