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Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
propensity to save of married couples, consistent with a rise in precautionary savings interpretation. An increase in the risk of … savings. -- Divorce ; saving ; marriage ; divorce law …
Persistent link: https://www.econbiz.de/10003759771
From 1995 to 2005, the average urban household saving rate in China rose by 8 percentage points, to about one quarter … of disposable income. We use household-level data to explain why households are postponing consumption despite rapid … profile of savings has an unusual U-shaped pattern, with saving rates being the highest among the youngest and oldest …
Persistent link: https://www.econbiz.de/10003586567
Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...
Persistent link: https://www.econbiz.de/10003666470
household savings rate and the U-shaped age-profile of savings. -- China ; household savings ; income uncertainty ; pension …China's household saving rate has increased markedly since the mid-1990s and the agesaving profile has become U … permanent variance of household income was stable, the transitory variance rose sharply. Based on these estimates, we calibrate …
Persistent link: https://www.econbiz.de/10009304386
social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … and savings decisions of singles and married couples. Partial insurance against wage and employment shocks is provided by … Social Assistance, which provides a permanent universal household income floor, with a minor role for temporary earnings …
Persistent link: https://www.econbiz.de/10010510507
We analyse how the financial support for long-term elderly care affects the level of household savings. Using a … be flexibly estimated across age groups. We find that the Scottish policy reduced the average household saving by about … £7,200. Moreover, the estimated effects are heterogeneous across age groups of the head of household: these effects are …
Persistent link: https://www.econbiz.de/10011308491
study household savings and expenditure adjustment from an unexpected, large-scale and rapidly evolving political shock that … uncertainty resulted in significant temporary increases in savings among urban households in China. Households responded mainly by … empirical studies of precautionary savings such as self-selection and life-cycle effects. …
Persistent link: https://www.econbiz.de/10010457397
Using combined data from population censuses and Urban Household Surveys, we study the effects of demographic … structural changes on the rise in household saving in China. Variations in fines across provinces on unauthorized births under … investigated in the context of household saving decisions in China. -- household saving ; one-child policy ; demographic structure …
Persistent link: https://www.econbiz.de/10009672255
Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … household wealth is crowded out by pensions? (2) Can linear regression analysis accurately estimate the magnitude of crowdout … results indicate that private pensions in the US crowd out less than $0.15 of household saving per dollar of pension wealth …
Persistent link: https://www.econbiz.de/10009233017