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Demographics, old-age transfers and the current account
Dao, Mai; Jones, Callum - 2018
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/10011978549
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Demographics, pension systems and the saving-investment balance
Chai, Hua; Kim, Jun-il - 2018
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/10011978553
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Aging, Savings, and Pensions in the Group of Seven Countries: 1980-2025
International Monetary Fund - 1989
the elderly. This study suggests that these demographic trends may lead to a decline in the G-7 private savings rate after … 2000, compounding the impact of social expenditure pressures on the government’s deficit. Moreover, public pensions may …
Persistent link: https://www.econbiz.de/10014396157
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Assessing Chile's pension system : challenges and reform options
Evans, Christopher; Pienknagura, Samuel - 2021
Persistent link: https://www.econbiz.de/10012796753
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Reform options for mature defined benefit pension plans : the case of the Netherlands
Gérard, Marc - 2019
The Netherlands has been operating fully funded, defined benefit second pillar pension schemes that have consistently ranked high worldwide for delivering high replacement rates while featuring strong solidarity among members. Yet the long-term sustainability of the Dutch pension funds has been...
Persistent link: https://www.econbiz.de/10012001594
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Household deleveraging and saving rates : a cross-country analysis
Bouis, Romain - 2021
Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship...
Persistent link: https://www.econbiz.de/10012796301
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Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions
International Monetary Fund - 1999
This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing … for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that … neglecting heterogeneity and dynamics can lead to misleading inferences about the key determinants of savings behavior. The …
Persistent link: https://www.econbiz.de/10014400163
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The Feldstein-Horioka Test of International Capital Mobility : Is it Feasible?
Jansen, W. J. - 1996
Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may provide a test of global capital mobility. This paper argues that neither the long-run nor the short-run correlation can serve as a reliable basis for such a test. The...
Persistent link: https://www.econbiz.de/10014398034
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International Evidenceon the Determinants of Private Saving
Masson, Paul R. - 1995
A broad set of possible determinants of private saving behavior is examined, using data for a large sample of industrial and developing countries. Both time-series and cross-section estimates are obtained. Results suggest that there is a partial offset on private saving of changes in public...
Persistent link: https://www.econbiz.de/10014398503
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Consumption Smoothing and Exchange Rate Volatility
Turtelboom, Bart - 1995
This paper analyzes exchange rate behavior in a model where consumers trade goods to diversify shocks to their income. A model with traded and nontraded goods is simulated in a multilateral context based upon historical output correlations for the period 1970–92. Simulation results indicate...
Persistent link: https://www.econbiz.de/10014397963