OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing …

a smaller effect than would have been observed in the 1960s and 1970s. The savings retention coefficient for the 1980 …

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 …

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 …

the U.S. and Europe. Another popular view is that these differences are explained by long-standing European "culture," but … the U.S. and Europe. These policies do not seem to have increased employment, but they may have had a more society …

Over the years, there emerged two key policy differences between Europe and America, both welfare and migration …

stimulus to austerity in Europe was quite abrupt. The difference in fiscal stance helps explain the difference in the post …

Catholic countries of Europe pose a demographic puzzle -fertility is unprecedentedly low (total fertility=1.3) despite …