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reason is that prices for the two most important long-term savings objectives - housing and healthcare - are rising …-term savings objectives and see purchasing power decline, or they compromise financial security and invest in highly volatile …
Persistent link: https://www.econbiz.de/10011497972
effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was …
Persistent link: https://www.econbiz.de/10009780203
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
Persistent link: https://www.econbiz.de/10011551036
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/10012197559
We study the impact of heterogeneous saving behavior on the distributional effects of public investment. A capital tax is levied to finance productive public capital in an economy with two types of households: high income households who save dynastically and middle income households who save for...
Persistent link: https://www.econbiz.de/10010260036
A large fraction of households have very little savings buffer and are therefore vulnerable to financial shocks. This … link to a personal web page where they can start or adjust an automatic savings plan. However, analyzing detailed bank data …, we find no treatment effect on actual savings, neither in the short run nor in the long run. Our null findings are quite …
Persistent link: https://www.econbiz.de/10012433886
cycle. Decreasing discounting helps a canonical life-cycle model to explain the household saving puzzles of undersaving when …
Persistent link: https://www.econbiz.de/10012486383
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/10012485326
This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate … China. In the past four decades, global saving inequality has risen sharply. The share of household saving flows coming from … the richest 10% of household increased by 60% while saving of middle-class households has fallen sharply. The most …
Persistent link: https://www.econbiz.de/10013187481
comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household …
Persistent link: https://www.econbiz.de/10013187686