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Taxes and capital formation
Feldstein, Martin S. (ed.) - 1987
Persistent link: https://www.econbiz.de/10000742921
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The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
Abel, Andrew B. - 2000
With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully-funded defined-contribution social security system tries to exploit the equity premium by selling a dollar of...
Persistent link: https://www.econbiz.de/10012471011
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Government Debt and Capital Accumulation in an Era of Low Interest Rates
Mankiw, Nicholas Gregory - National Bureau of Economic Research - 2022
This essay discusses the reasons for and implications of the decline in real interest rates around the world over the past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth, and markups. In this environment, greater government...
Persistent link: https://www.econbiz.de/10013210052
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Saving and Investment in an Open Economy with Non-Traded Goods
Engel, Charles - 1987
, investment in capital goods and a non-traded good. Such an environment is rich enough to explain several phenomena that are … inexplicable in more barren models. We suggest an explanation of why saving and investment may be correlated even with no … restrictions on trade in assets. We explain why a high saving country may nonetheless borrow from abroad to finance investment. We …
Persistent link: https://www.econbiz.de/10012476928
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International Capital Mobility in Developing Countries vs. Industrial Countries : What do Saving-Investment Correlations Tell Us?
Frankel, Jeffrey A. - 1986
The finding of Feldstein and Horioka (1980) that countriesf investment rates are highly correlated with their national … and investment in a sample that includes not only 14 industrialized countries, but also 50 developing countries. The paper … developing countries, and higher after 1973 than before. Our interpretation of the saving-investment evidence is that the …
Persistent link: https://www.econbiz.de/10012477026
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Taxation of Investment and Savings in a World Economy : The Certainty Case
Gordon, Roger H. - 1985
This paper explores the characteristics of individual portfolio holdings in a world economy with a unified securities market where there are many countries, each with its own tax rates and inflation rate. When nominal interest is taxable but income to equity owners is tax exempt in all...
Persistent link: https://www.econbiz.de/10012477356
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Annuity Markets, Savings, and the Capital Stock
Kotlikoff, Laurence J. - 1983
This article examines how the availability of annuities affects savings and inequality in economies in which neither … CBS utility function indicate that perfecting annuity insurance can significantly reduce national savings. Indeed, the … savings …
Persistent link: https://www.econbiz.de/10012477847
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Investment versus Savings Incentives : The Size of the Bang for the Buck and the Potential for Self-Financing Business Tax Cuts
Auerbach, Alan J. - 1982
newly produced capital differently from old capital. Policies that do make this distinction are denoted investment policies …, while those that do not are labelled savings policies. While both types of policies alter marginal incentives to accumulate … new capital, investment incentives can generate significant inframarginal redistribution from current holders of wealth to …
Persistent link: https://www.econbiz.de/10012478078
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Domestic Saving and International Capital Movements in the Long Run and the Short Run
Feldstein, Martin - 1982
increases in domestic savings rates induce approximately equal increases in domestic rates of investment. New estimates for the … flows than to their short-run behavior. Coefficient estimates based on annual variations in savings and investment are … post-OPEC period 1974-79 imply that each extra dollar of domestic saving increases domestic investment by approximately 85 …
Persistent link: https://www.econbiz.de/10012478160
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An Intertemporal Model of Saving and Investment
Abel, Andrew B. - 1982
, does not allow separation of the savings decisions of agents from the investment decisions of firms. Investment is … equilibrium used in macroeconomics characterizes both the savings-consumption decision and the investment decision, or … essentially passive: the "one good" assumption leads to a perfectly elastic investment supply; the absence of installation costs …
Persistent link: https://www.econbiz.de/10012478226