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current level, as the saving rate rises to around 6 percent of disposable personal income (from nearly 5 percent in 2009 …). Compared to the pre-crisis years (2003–07), this saving rate implies a decline in U.S. private-sector demand on the order of …
Persistent link: https://www.econbiz.de/10011142214
This paper provides detailed empirical evidence on the saving behavior of Irish households using micro data from the … gap. Also, despite housing being a major component of Irish households, wealth, there is no strong relationship between … of saving rates and to examine the response of household saving to house price appreciation. The analysis suggests that …
Persistent link: https://www.econbiz.de/10005263766
Many Asian countries (such as China, Singapore, Korea, Thailand, Malaysia, Indonesia, India, and the Philippines) will experience a significant aging of their populations during the next several decades. This paper explores how these aging Asian countries are addressing and anticipating the...
Persistent link: https://www.econbiz.de/10005248253
This paper analyzes the performance of the Bulgarian private defined contribution pensions in the second and third pillars of the pension system.
Persistent link: https://www.econbiz.de/10005263896
relative size of their workingage populations increases. Demographic change will also affect saving, investment, and capital …
Persistent link: https://www.econbiz.de/10005826038
stocks and bonds when saving for retirement- Using the model to simulate a baby boom-baby bust demonstrates that returns to …
Persistent link: https://www.econbiz.de/10005826510
The macroeconomic implications of a pension reform that substitutes a high-return fully-funded system for a low-return pay-as-you-go system are discussed in an overlapping generations, neoclassical growth model. With forward-looking individuals, a debt-financed reform worsens the current...
Persistent link: https://www.econbiz.de/10005599411
In Japan, intergenerational inequality in lifetime resources is substantial, with a heavier fiscal burden on the young than the old. Moreover, given the need for fiscal consolidation, the inequality is even worse than existing policy would suggest. However, this does not mean that fiscal...
Persistent link: https://www.econbiz.de/10010790385
This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and … savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper … demonstrates how households with consistently lower income, which have shown growth in the years prior to the crisis, experienced …
Persistent link: https://www.econbiz.de/10011244682
in U.S. investment and saving. The paper highlights that the effect of the 1990–92 recession on employment was …
Persistent link: https://www.econbiz.de/10005248075