Showing 1 - 10 of 242
bywidening top income inequality, rising private savings and compressed consumption rates.Rising corporate profits in an … environment of high business wealth concentration account for90 percent of the rise in the private savings rate and a third of the …
Persistent link: https://www.econbiz.de/10012828236
Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates … suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via …
Persistent link: https://www.econbiz.de/10013306732
The paper looks into the puzzle of low household savings in three Southern European (SE3) countries – Cyprus, Greece … household savings in SE3 countries. Quantile regressions employed to analyze saving behavior across the distribution of … households suggest that targeted rather than universal policy intervention could improve household savings, especially of the …
Persistent link: https://www.econbiz.de/10014349468
of private savings are mostly the result of very strong macroeconomic performance. Econometric investigations using …
Persistent link: https://www.econbiz.de/10013028684
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
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
converge towards lower equilibrium real interest rates if domestic savings increase to the level of other emerging market … countries. The effect is particularly pronounced if the increase in domestic savings is achieved through higher levels of public … savings. Still, econometric results suggest that, controlling for everything else in the model, real interest rates in Brazil …
Persistent link: https://www.econbiz.de/10013108621
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
household consumption. Second, even if the life-cycle model holds, generational accounts ignore the intergenerational …
Persistent link: https://www.econbiz.de/10012782030
We study, both empirically and quantitatively, the role of savings and the labor supply inself-insurance channels over … social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …
Persistent link: https://www.econbiz.de/10012888767