Showing 1 - 10 of 37
"hump" savings. A major difference between this study and previous investigations of this issue is the use of more accurate … savings. This paper suggests the importance of and need for substantially greater research and data collection on … intergenerational transfers. fife-cycle models of savings that emphasize savings for retirement as the dominant form of apical …
Persistent link: https://www.econbiz.de/10013212379
adjusted to take account of future asset price risk. Some empirical calculations suggest that these adjustments are large, and …
Persistent link: https://www.econbiz.de/10013223604
The economic changes associated with globalization tighten financial pressures on governments of high-income countries by increasing the demand for government spending while making it more costly to raise tax revenue. Greater international mobility of economic activity, and associated...
Persistent link: https://www.econbiz.de/10012757962
Compared to the U.S. national accounts, the Japanese accounts understate consumption and government spending, and therefore overstate the national saving rate. Recently, Hayashi has recalculated Japan's national saving according to the American Department of Commerce definition and found that...
Persistent link: https://www.econbiz.de/10013139429
This paper reviews theoretical argumrents and empirical evidence regarding the interest elasticity of savings. It … savings. Moreover, the empirical rrethods used in most previous studies are likely to produce underestimates of the … interestelasticity of savings. New evidence based on direct estimation of utility function parameters suggests that savings are likely to …
Persistent link: https://www.econbiz.de/10012760330
. Theoretical analysis using a variety of standard models tends to suggest that the aggregate response to savings incentives is … response of savings to changes in the rate of return …
Persistent link: https://www.econbiz.de/10012763485
transfers for U.S. savings. Modigliani's paper is the latest salvo in a long running debate over the importance of … intergenerational transfers in explaining savings behavior. While Modigliani corrects an algebraic error of minor consequences in our …
Persistent link: https://www.econbiz.de/10013221312
the last five years cast significant doubt on the proposition that the timing of taxes does not affect national savings …
Persistent link: https://www.econbiz.de/10013228634
Modern neoclassical theories of the business cycle posit that aggregate fluctuations in consumption and employment are the consequence of dynamic optimizing behavior by economic agents who face no quantity constraint. In this paper, we estimate an explicit model :f this type. In particular, we...
Persistent link: https://www.econbiz.de/10013132070
This paper surveys major issues in the theory of tax incidence. These include the incidence of taxes in dynamic as well … literature, rather it is offered to the reader as a pedoqogical piece that may be of use in teaching the theory of tax incidence …
Persistent link: https://www.econbiz.de/10013102560