Showing 1 - 10 of 797
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
The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...
Persistent link: https://www.econbiz.de/10014395814
This paper explores how tax policy affects the level and allocation of national savings in the United States. It argues … that the effect of taxes on the overall private saving level is relatively small and uncertain and that raising public … saving is the most direct and efficient way to raise national saving. However, the tax system has a powerful impact on the …
Persistent link: https://www.econbiz.de/10014395849
A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing …, and on the savings responsiveness to changes in the real interest rate …
Persistent link: https://www.econbiz.de/10014395881
This paper examines the extent of international financial integration, and its consequences for the current account. The evidence indicates that financial liberalization in the 1970s and 1980s has resulted in a substantial movement towards closer integration of world capital markets. By reducing...
Persistent link: https://www.econbiz.de/10014395900
national savings. Illustrative calculations based on two alternative frameworks indicate that a net national saving rate …The U.S. national savings rate has declined in the 1980s, with both public and private components falling. This paper … discusses that decline and whether a policy response is needed. The drop in the private savings rate appears to reflect factors …
Persistent link: https://www.econbiz.de/10014395902
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 examines whether financial deregulation in the 1980s has reduced the importance of liquidity constraints in consumption patterns. Data for six industrialized countries are used to estimate a simple model incorporating liquidity constraints and forward looking behavior. It is concluded...
Persistent link: https://www.econbiz.de/10014396051
taxation as tools for augmenting national saving--an issue related to Ricardian equivalence. The theoretical analysis shows … equivalent in terms of their impact on national saving …
Persistent link: https://www.econbiz.de/10014396058
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving … non-EMS countries. It is seen that the EMS countries exhibit much lower saving-investment correlations than their non …
Persistent link: https://www.econbiz.de/10014396141