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We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …
Persistent link: https://www.econbiz.de/10003300954
Many economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be, despite the fact that it is crucial for the design...
Persistent link: https://www.econbiz.de/10003923525
In this paper we examine the role of mortgage equity withdrawal in explaining the decline of the US saving rate, since when house prices rise and mortgage rates are low, homeowners have an incentive to withdraw housing equity and this may affect the saving rate. We estimate a Vector Error...
Persistent link: https://www.econbiz.de/10009571747
We explore empirically how capital inflows into the US and financial deregulation within the United States interacted in driving the run-up (and subsequent decline) in US housing prices over the period 1990-2012. To obtain an ex ante measure of financial liberalization, we focus on the history...
Persistent link: https://www.econbiz.de/10010515411
The adequacy of retirement savings is central to the U.S. debate over the effects of Social Security reform and pension …
Persistent link: https://www.econbiz.de/10003202784
voluntary federal government employee retirement savings vehicle called the Thrift Savings Plan. The G-Fund is managed as …
Persistent link: https://www.econbiz.de/10012514922
-oil related investment, of an increase in household savings, or of households deleveraging. …
Persistent link: https://www.econbiz.de/10011601181
In this paper, I demonstrate that an indicator which is commonly used to assess the long-term fiscal sustainability of public finances in EU member states (“S2”) is also defined if government borrowing rates are assumed to be permanently lower than the growth rate of GDP. I illustrate this...
Persistent link: https://www.econbiz.de/10012421177
of long-term care subsidies on savings is far from clear. In this paper we take advantage of a policy intervention to … study the effect on savings and savings behaviour of the progressive introduction of a public long-term care subsidy … Spanish old-age dependants to obtain care support, and was orthogonal to household savings. We draw on a difference …
Persistent link: https://www.econbiz.de/10011547941
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