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A dynamic theory of the Feldstein-Horioka puzzle and financial frictions : re-estimation of the saving retention coefficient
Takahashi, Harutaka - 2020
Persistent link: https://www.econbiz.de/10012582699
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Financial literacy, stock market participation, and financial well-being in Germany
Bucher-Koenen, Tabea; Janssen, Bennet; Knebel, Caroline; … - 2023
We examine financial literacy in Germany and its relevance for financial well-being. Using data from the Panel on Household Finances collected in 2021, we show that about 62% of German households answer the Big Three financial literacy questions correctly. Those with lower education, who are out...
Persistent link: https://www.econbiz.de/10014504767
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Domestic saving and investment revised : can the Feldstein-Horioka equation be used for policy analysis?
Sachsida, Adolfo; Mendonça, Mário Jorge Cardoso de - 2015
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 …
Persistent link: https://www.econbiz.de/10012038727
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Capital mobility within EMU
Stirböck, Claudia; Heinemann, Friedrich - 1999
capital in the past. The conclusion is that within EMU domestic saving and investment will be less correlated than they were …
Persistent link: https://www.econbiz.de/10013428227
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Effectiveness of early retirement disincentives : individual welfare, distributional and fiscal implications
Bönke, Timm; Kemptner, Daniel; Lüthen, Holger - 2016
In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ administrative pension data and a detailed model of...
Persistent link: https://www.econbiz.de/10011440834
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Consumption taxation to finance pension payments
Ruppert, Kilian; Schön, Matthias; Stähler, Nikolai - 2021
,which stands in contrast to what is commonly found in models without an endoge-nous savings motive. …
Persistent link: https://www.econbiz.de/10012792525
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Demographic change and the rate of return in PAYG pension systems
Schön, Matthias - 2020
The currently observed demographic change consists of two independent develop-ments that differ in structure and persistence: (1) A slow, monotonic and (presum-ably) permanent ageing effect caused by an increasing life expectancy; (2) a morerapidly changing, non-monotonic and less permanent...
Persistent link: https://www.econbiz.de/10012313783
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Taxation and savings : some life-cycle estimates for Canada
Beach, Charles M. (contributor) - 1985
Persistent link: https://www.econbiz.de/10000660672
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Precautionary savings and wealth accumulation with parameter uncertainty and learning
Sampson, Michael J. - 1994
This paper considers the intertemporal consumption/savings decision when income follows a random walk with drift and … precautionary savings and hence to accumulate more wealth than otherwise. In a calibration exercise it is shown that for a plausible …
Persistent link: https://www.econbiz.de/10011621319
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Optimal social assistance and unemployment insurance in a life-cycle model of family labor supply and savings
Haan, Peter; Prowse, Victoria - 2015
and savings decisions of singles and married couples. Partial insurance against wage and employment shocks is provided by … social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on …
Persistent link: https://www.econbiz.de/10010530687