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Buffer-stock saving and households' response to income shocks
Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2016
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information contained in the joint dynamics of income,...
Persistent link: https://www.econbiz.de/10011551036
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The anatomy of the global saving glut
Bauluz, Luis; Novokmet, Filip; Schularick, Moritz - 2022
This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate asset-specific saving flows and capital gains across the wealth distribution for the G3 economies – the U.S., Europe, and China. In the past four decades, global saving...
Persistent link: https://www.econbiz.de/10013187481
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The role of social security in household decisions : var estimates of saving and fertility behaviour in Germany
Cigno, Alessandro; Casolaro, Luca; Rosati, Furio Camillo - 2000
Estimating saving and fertility simultaneously by the VAR method, we find that social security cover has a positive … effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was …, the negative effect of social security on fertility tends to erode the system s own contributory base, because it reduces …
Persistent link: https://www.econbiz.de/10009780203
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How do taxpayers respond to tax subsidy for long-term savings? : evidence from Thailand's tax return data
Athiphat Muthitacharoen; Trongwut Burong - 2021
individuals respond to tax subsidy for long-term savings. We utilize the 2013 tax reform that lowered the price subsidy for long …-term savings in order to obtain causal identification. Our difference-in-difference analysis illustrates that there is a …
Persistent link: https://www.econbiz.de/10012437871
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Do natural disasters stimulate individual saving? : evidence from a natural experiment in a highly developed country
Berlemann, Michael; Steinhardt, Max Friedrich; Tutt, Jascha - 2015
-Economic Panel that we combine with geographic flood data, we compare the savings behavior of affected and non-affected individuals …
Persistent link: https://www.econbiz.de/10010518804
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International reserves before and after the global crisis : is there no end to hoarding?
Aizenman, Joshua; Cheung, Yin-Wong; Itō, Hiro - 2015
We evaluate the impact of the global financial crisis (GFC) and recent structural changes in the patterns of hoarding international reserves (IR). We confirm that the determinants of IR hoarding evolve with developments in the global economy. During the pre-GFC period of 1999-2006, gross saving...
Persistent link: https://www.econbiz.de/10010490278
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Parental leave benefit and differential fertility responses : evidence from a German reform ; presented at CESifo Area Conference on Employment and Social Protection, May 2015
Cygan-Rehm, Kamila - 2015
This paper examines the causal effects of a major change in the German parental leave benefits on fertility. I use the …
Persistent link: https://www.econbiz.de/10011280834
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From local to global : external validity in a fertility natural experiment
Dehejia, Rajeev H.; Pop-Eleches, Christian; Samii, Cyrus - 2015
experiment (the effect of boy-boy or girl-girl as the first two children on incremental fertility and mothers’ labor force …
Persistent link: https://www.econbiz.de/10011309525
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The dynamic implications of liberalizing global migration
Delogu, Marco; Docquier, Frédéric; Machado, Joël - 2014
distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and …
Persistent link: https://www.econbiz.de/10010235847
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Pensions and fertility : back to the roots ; the introduction of Bismarck's pension scheme and the European fertility decline
Fenge, Robert; Scheubel, Beatrice - 2013
Fertility has long been declining in industrialised countries and the existence of public pension systems is considered … which a public pension system depresses fertility. Our theoretical framework highlights that the effect of a public pension … system on fertility works via the impact of contributions in such a system on disposable income as well as via the impact on …
Persistent link: https://www.econbiz.de/10009792218