Showing 1 - 10 of 297
This paper investigates the impact of public employment on household saving rates in China using representative … demographic factors, we show that households headed by public employees have higher saving rates than other households. This … 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/10013187718
German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime changes, as well as a hyperinflation and three currency reforms, expropriations and territorial divisions, it provides unique insights into the role of country-specific shocks in...
Persistent link: https://www.econbiz.de/10013187686
We document five effects of providing individuals with crowdsourced spending information about their peers (individuals with similar characteristics) through a FinTech app. First, users who spend more than their peers reduce their spending significantly, whereas users who spend less keep...
Persistent link: https://www.econbiz.de/10011982228
households’ voluntary saving using administrative micro data with comprehensive third-party reported information on taxpayers … reduce voluntary saving when faced with a rise in mandatory saving. Our results are confirmed by the finding that workers who … move between the public and the private sector, which have different mandatory saving rates, do not change their voluntary …
Persistent link: https://www.econbiz.de/10013440376
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate among the wealthy, while owner-occupied housing is...
Persistent link: https://www.econbiz.de/10014564314
Persistent link: https://www.econbiz.de/10003647217
We show how optimal saving in a two-period model is affected when prudence and risk aversion of the underlying utility … aversion that affect the distribution between the periods must also be taken into account. -- Prudence ; risk aversion ; saving …
Persistent link: https://www.econbiz.de/10003772158
This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation of foreign interest payments received by individuals in accordance with the rules of their State of residence. The data suggest that the Directive, which is based on automatic...
Persistent link: https://www.econbiz.de/10003861869
Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second … arbitrary utility and learning functions. Efficient incentives for education and saving are analysed under conditions of second … and third best. It is argued that efficient tax policy should care more about incentives for education than for saving …
Persistent link: https://www.econbiz.de/10003818036
taxes reduce labor supply distortions on second-period labor supply, since second-period labor supply and saving are …, although this effect is partially off-set because first-period labor supply and saving are complements. Capital taxes will be … results suggest that taxing (retirement) saving is optimal to boost the retirement age and to reduce the tax-burden on working …
Persistent link: https://www.econbiz.de/10003887539