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Based on the relation between investment and domestic saving proposed by Feldstein and Horioka (1980) to verify capital … autoregressive (SVAR) involving investment and saving in order to evaluate the effect of exogenous shocks through impulse response … showed that investment is sensitive to contemporaneous innovation on saving and this effect lasts for a long time. Regarding …
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capital in the past. The conclusion is that within EMU domestic saving and investment will be less correlated than they were …
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Our analysis finds that despite the growing number, the majority of savings banks currently do not make any payouts …. Furthermore, savings banks distribute only a small part of their net profit to the shareholders. This means that they can still … build up capital even if they make payouts. Savings banks also hold significantly more capital than is called for by the …
Persistent link: https://www.econbiz.de/10011496963
We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions such as those around retirement should not affect consumption. However, we first recall that given higher leisure endowments after retirement, the theory does predict a fall of...
Persistent link: https://www.econbiz.de/10011455042
-sectional heterogeneity to establish a direct link between labor market reforms and changes in net foreign assets via a precautionary savings …
Persistent link: https://www.econbiz.de/10011995060
study how cash in hand influences decisions in a different but very important domain: savings. Savings accounts are a … promising tool for reducing poverty, but the use of savings accounts is often puzzlingly low. Holding on to cash that needs to … be physically deposited into a savings account may increase the psychological costs of saving. This study experimentally …
Persistent link: https://www.econbiz.de/10012064818
In a three-region New Keynesian life-cycle model calibrated to Germany, the Euro area (without Germany) and the rest of the world, we analyze the impact of population ageing on net foreign asset and current account developments. Using unsynchronized demographic trends by taking those of Germany...
Persistent link: https://www.econbiz.de/10012101176