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Financial Literacy around the World : An Overview
Lusardi, Annamaria - 2011
In an increasingly risky and globalized marketplace, people must be able to make well-informed financial decisions. Yet new international research demonstrates that financial illiteracy is widespread when financial markets are well developed as in Germany, the Netherlands, Sweden, Japan, Italy,...
Persistent link: https://www.econbiz.de/10012461550
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Pension Funding, Share Prices, and National Saving
Feldstein, Martin - 1980
and an incentive to save more themselves. For this reason, unfunded private pensions differ fundamentally from the … unfunded Social Security pension and the other unfunded federal government civilian and military pensions …
Persistent link: https://www.econbiz.de/10012478627
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Demographic Change, Social Security Systems, and Savings
Bloom, David E. - 2006
little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent … retirement ages from keeping pace with changes in life expectancy, leading to an increased need for life-cycle savings. Analyzing … a cross-country panel of macroeconomic data, we find that increased longevity raises aggregate savings rates in …
Persistent link: https://www.econbiz.de/10012466040
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Asset Prices in a Lifecycle Economy
Farmer, Roger - 2014
savings rates and I use this model to account for a high term premium and a volatile stochastic discount factor. The fact the …
Persistent link: https://www.econbiz.de/10012458706
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The Global Rise of Corporate Saving
Chen, Peter - 2017
The sectoral composition of global saving changed dramatically during the last three decades. Whereas in the early 1980s most of global investment was funded by household saving, nowadays nearly two-thirds of global investment is funded by corporate saving. This shift in the sectoral composition...
Persistent link: https://www.econbiz.de/10012455548
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The Interest Rate Effect on Private Saving : Alternative Perspectives
Aizenman, Joshua - 2016
Using an uneven panel of 135 countries from 1995 to 2014, we investigate the link between interest rates and private saving, and focus on whether the interest rate effect is dominated by the income (i.e., negative) or the substitution (i.e., positive) effect. With the baseline estimation, we...
Persistent link: https://www.econbiz.de/10012455808
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Obstfeld and Rogoff's International Macro Puzzles : A Quantitative Assessment
Eaton, Jonathan - 2015
Obstfeld and Rogoff (2001) propose that trade frictions lie behind key puzzles in international macroeconomics. We take a dynamic multicountry model of international trade, production, and investment to data from 19 countries to assess this proposition quantitatively. Using the framework...
Persistent link: https://www.econbiz.de/10012456897
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Precautionary Strategies and Household Saving
Aizenman, Joshua - 2015
Why do people save? A strand of the literature has emphasized the role of 'precautionary' motives; i.e., private agents save in order to mitigate unexpected future income shocks. An implication is that in countries faced with more macroeconomic volatility and risk, private saving should be...
Persistent link: https://www.econbiz.de/10012457649
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A Model of Secular Stagnation
Eggertsson, Gauti B. - 2014
oversupply of savings. Other forces that work in the same direction and can both create or exacerbate the problem include a drop …
Persistent link: https://www.econbiz.de/10012458091
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International Reserves Before and After the Global Crisis : Is There No End to Hoarding?
Aizenman, Joshua - 2014
, possibly reflecting high-income countries' tendency to deploy their savings in the global capital markets. The presence of …
Persistent link: https://www.econbiz.de/10012458280