Showing 1 - 10 of 185
across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …
Persistent link: https://www.econbiz.de/10012837475
We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to …
Persistent link: https://www.econbiz.de/10014346252
cycle. Decreasing discounting helps a canonical life-cycle model to explain the household saving puzzles of undersaving when …
Persistent link: https://www.econbiz.de/10013239561
households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature …This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese … monetary policy had a significant impact on Japan’s household behavior via the interest rate channel and the redistribution …
Persistent link: https://www.econbiz.de/10013239569
This paper investigates the impact of public employment on household saving rates in China using representative … household-level data. After controlling for a series of variables such as income, risk attitude, financial literacy, and … children and they have a higher saving capacity than non-public employees due to better social security. Our results contribute …
Persistent link: https://www.econbiz.de/10013289689
social preferences. We find that second born children are typically less patient, less risk averse, and more trusting …. However, siblings’ sex composition interacts importantly with birth order effects. Second born children are more risk taking …
Persistent link: https://www.econbiz.de/10012892225
Decisions concerning marriage, fertility, participation, and the education of children are explained using a two … children equally between them, while the predominant pattern in developing countries is for the father to specialize in market … work leaving the care of the children to the mother. The other is that the sign of the cross-country correlation between …
Persistent link: https://www.econbiz.de/10013316739
have moved out of foreign stocks into liquid forms of savings. The imposition of lockdowns can account for much of the …
Persistent link: https://www.econbiz.de/10012833731
We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across different periods to identify lifecycle profiles masks...
Persistent link: https://www.econbiz.de/10012839357
We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using … panel data from eighteen annual waves of the British Household Panel Survey. For identification, we exploit random variation … in household exposure to interest rates generated by the random timing of household interview dates with respect to …
Persistent link: https://www.econbiz.de/10012866373