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Consumption Based Estimates of Urban Chinese Growth

Chamon, Marcos - 2014

This paper estimates the household income growth rates implied by food demand in a sample of urban Chinese households in 1993–2005. Our estimates, based on Engel curves for food consumption, indicate an average per capita income growth of 6.8 percent per year in 1993–2005. This figure is...

Persistent link: https://www.econbiz.de/10013060540

Household Vulnerability to Income Shocks in Emerging and Developing Asia : The Case of Cambodia, Nepal and Vietnam

De Stefani, Alessia; Laws, Athene; Sollaci, Alexandre - 2022

We leverage survey data from emerging and developing Asia to highlight different aspects of household vulnerability to income shocks arising from the Covid-19 pandemic: occupation in Cambodia, self-insurance mechanisms in Nepal, and financial leverage in Vietnam. Occupation and ex-ante income...

Persistent link: https://www.econbiz.de/10013291774

China's Demography and its Implications

Lee, Il Houng - 2013

reassess national savings behavior, with greater prominence and more careful consideration given to the role played by changing … literature. Going further, we simulate global savings behavior based on our framework and find that China's demographics should … decades, individual countries' convergence toward the simulated savings pattern will be influenced by their past divergences …

Persistent link: https://www.econbiz.de/10013082859

Dissecting Saving Dynamics : Measuring Wealth, Precautionary, and Credit Effects

Carroll, Chris - 2012

We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s-2007), and recent substantial increase (2008-2011) can all be interpreted using a parsimonious ‘buffer stock' model of optimal consumption in the presence of...

Persistent link: https://www.econbiz.de/10013098587

The Volatility Trap : Precautionary Saving, Investment, and Aggregate Risk

Cherif, Reda - 2012

We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low investment, or a "volatility trap." Namely, big savers...

Persistent link: https://www.econbiz.de/10013102269

Sovereign Debt Markets in Turbulent Times : Creditor Discrimination and Crowding-Out

Broner, Fernando - 2014

In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial crisis erupted and pushed them into deep recessions, raising their deficits and debt levels. By 2010,they were facing severe debt problems. Spreads increased and, surprisingly,...

Persistent link: https://www.econbiz.de/10013059093

The Rise in Corporate Saving and Cash Holding in Advanced Economies : Aggregate and Firm Level Trends

Dao, Mai - 2019

Using cross-country national accounts and firm-level data, we document a broad-based trend in rising gross saving and net lending of non-financial corporates across major industrialized countries over the last two decades, though most pronounced in countries with persistent current account...

Persistent link: https://www.econbiz.de/10012892932

China's High Savings : Drivers, Prospects, and Policies

Zhang, Longmei - 2019

China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances …. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad …. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one …

Persistent link: https://www.econbiz.de/10012895103

Demographics, Pension Systems and the Saving-Investment Balance

Chai, Hua - 2019

This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...

Persistent link: https://www.econbiz.de/10012895118

Demographics, Old-Age Transfers and the Current Account

Dao, Mai - 2019

Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where countries differ in their population growth and...

Persistent link: https://www.econbiz.de/10012895121