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Persistent link: https://www.econbiz.de/10013480847
impending demographic changes in Japan, the Federal Republic of Germany, Sweden and the United States. The simulation results …
Persistent link: https://www.econbiz.de/10012476222
prices, and if they adjust their non-housing savings accordingly, then welfare losses in retirement could be mitigated. This … prices?; and (2) How are household savings decisions affected by capital gains in housing? We use metropolitan statistical … forecastability of housing prices. Further, we use data on five-year savings rates from the Panel Study of Income Dynamics and find no …
Persistent link: https://www.econbiz.de/10012474266
In comparing Canada with the U.S., we first simulate the U.S. demographic transition, treating the U.S. as a closed economy. The time path of interest rates obtained from the U.S. simulations are then used in the Canadian simulations. In the Canada simulations, Canada is assumed to be an open...
Persistent link: https://www.econbiz.de/10012475628
This paper compares the predictions of three different saving models with respect to the impact of projected U.S. demographic change on future U.S. saving rates. The three models are the life cycle model, the infinite horizon altruism model, and a reduced form econometric model. The findings for...
Persistent link: https://www.econbiz.de/10012475629
governments or market institutions provide the services. Sweden and the United States are on opposite ends of this spectrum. After … compare the development of the social welfare institutions in the U.S. and Sweden in the 20th century …
Persistent link: https://www.econbiz.de/10013210094
Persistent link: https://www.econbiz.de/10013480937
Persistent link: https://www.econbiz.de/10013481012
This paper reassesses the long-term fiscal position of Korea using Generational Accounting, modified to reflect the special features of the Korean fiscal situation, such as prospective changes in public pension benefit profiles and social welfare expenditures due to the maturing of public...
Persistent link: https://www.econbiz.de/10012468714
Research on intergenerational transmission of wealth has pointed to uncertainty -- about the date of one's own death, for example -- as a potential source of significant bequest flows. In this paper I examine the effects of this same uncertainty on the behavior of those who expect to receive...
Persistent link: https://www.econbiz.de/10012474469