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This paper provides a quantitative analysis of hypothetical replacements of existing tax arrangements applied to superannuation (Australia.s term for private pensions) with traditional EET and TEE regimes. These taxation regimes exempt pension fund earnings from any taxation and tax either...
Persistent link: https://www.econbiz.de/10011404438
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …
Persistent link: https://www.econbiz.de/10012154725
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
China. In the past four decades, global saving inequality has risen sharply. The share of household saving flows coming from …This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate … 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
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
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
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
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
-finding rates, wages and savings, so that we use the model to examine the role of age and wealth for worker flows and for the … a less progressive tax schedule bring about welfare losses for a newborn worker household. …
Persistent link: https://www.econbiz.de/10014444876