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Risk Sharing through Capital Gains
Balli, Faruk - 2011
OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing …
Persistent link: https://www.econbiz.de/10012461045
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National Saving and International Investment
Feldstein, Martin - 1989
a smaller effect than would have been observed in the 1960s and 1970s. The savings retention coefficient for the 1980 …
Persistent link: https://www.econbiz.de/10012475877
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The After Tax Rate of Return Affects Private Savings
Summers, Lawrence H. - 1984
This paper reviews theoretical argumrents and empirical evidence regarding the interest elasticity of savings. It … savings. Moreover, the empirical rrethods used in most previous studies are likely to produce underestimates of the … interestelasticity of savings. New evidence based on direct estimation of utility function parameters suggests that savings are likely to …
Persistent link: https://www.econbiz.de/10012477741
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Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China
Fehr, Hans - 2005
China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long-run supply of capital and long-run general equilibrium prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by...
Persistent link: https://www.econbiz.de/10012467008
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Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey
Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2024
suggest that the retirement motive and the precautionary motive are the dominant motives for saving in Europe partly because … in Europe than is the altruism model …
Persistent link: https://www.econbiz.de/10015056164
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Aggregate Efficiency with Heterogeneous Agents
Baqaee, David; Burstein, Ariel T. - National Bureau of Economic Research - 2025
We study aggregate efficiency when households have heterogeneous preferences and outcomes. We generalize the consumption-equivalent variation of Lucas (1987) to a multi-agent setting, asking: how much can the consumption-possibility set shrink while keeping every agent at least as well off as in...
Persistent link: https://www.econbiz.de/10015450931
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Migration and Welfare State : Why is America Different from Europe?
Razin, Assaf - 2014
Over the years, there emerged two key policy differences between Europe and America, both welfare and migration …
Persistent link: https://www.econbiz.de/10012458218
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Two Tales of Adjustment : East Asian Lessons for European Growth
Chari, Anusha - 2014
stimulus to austerity in Europe was quite abrupt. The difference in fiscal stance helps explain the difference in the post …
Persistent link: https://www.econbiz.de/10012458823
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From Empty Pews to Empty Cradles : Fertility Decline Among European Catholics
Berman, Eli - 2012
Catholic countries of Europe pose a demographic puzzle -fertility is unprecedentedly low (total fertility=1.3) despite …
Persistent link: https://www.econbiz.de/10012460310
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Immigration, Jobs and Employment Protection : Evidence from Europe
D'Amuri, Francesco - 2011
In this paper we analyze the effect of immigrants on native jobs in fourteen Western European countries. We test whether the inflow of immigrants in the period 1996-2007 decreased employment rates and/or if it altered the occupational distribution of natives with similar education and age. We...
Persistent link: https://www.econbiz.de/10012461519