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Why are saving rates of urban households in China rising?
Chamon, Marcos (contributor); Prasad, Eswar S. (contributor) - 2007
profile of savings has an unusual U-shaped pattern, with saving rates being the highest among the youngest and oldest … savings ; age and cohort profiles of savings ; borrowing constraints ; precautionary savings ; financial development …
Persistent link: https://www.econbiz.de/10003586567
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Do mandatory pensions decrease household savings? : evidence for the Netherlands
Euwals, Rob - 2000
income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch … households. The survey contains rich information on house-hold wealth, pension rights and savings attitudes. A result of the …
Persistent link: https://www.econbiz.de/10011318591
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Income inequality and saving
Alvarez-Cuadrado, Francisco; Attar, Mayssun el - 2012
Over the last three decades, average income for the bottom half of the US distribution increased by 8% while their average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in inequality and a continuous decrease in the aggregate...
Persistent link: https://www.econbiz.de/10009681548
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Do wealthier households save more? : the impact of the demographic factor
Belke, Ansgar; Dreger, Christian; Ochmann, Richard R. - 2012
the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …
Persistent link: https://www.econbiz.de/10009539225
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Retirement and consumption in a life cycle model
Blau, David (contributor) - 2007
Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern. A richer version of the model is calibrated to data...
Persistent link: https://www.econbiz.de/10003539347
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High compensation creates a ratchet effect
Gersbach, Hans (contributor); Glazer, Amihai (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002043054
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A reevaluation of the role of family in immigrants' labor market activity : evidence from a comparison of single and married immigrants
Cohen-Goldner, Sarit; Gotlibovski, Chemi; Kahana, Nava - 2009
Previous papers tested the validity of the Family Investment Hypothesis (FIH) among immigrants by comparing the labor market outcomes of immigrant couples and native or mixed couples. Here we propose an alternative test for the FIH which is based on a comparison between married and single...
Persistent link: https://www.econbiz.de/10003847131
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The role of marriage in immigrants' human capital investment under liquidity constraints
Cohen-Goldner, Sarit (contributor);  … - 2006
This paper presents a two-period human capital investment model of married and single immigrants under binding liquidity constraints, which explains alternative patterns in the host country's labor market. These patterns are also compared to those of natives who face a perfect capital market. By...
Persistent link: https://www.econbiz.de/10003469464
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Optimal price indices for targeting inflation under incomplete markets
Anand, Rahul; Prasad, Eswar S. - 2010
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a twosector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...
Persistent link: https://www.econbiz.de/10008810538
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Financial constraints and innovation : why poor countries don’t catch up
Gorodnichenko, Yuriy; Schnitzer, Monika - 2010
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10003941706