This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the … primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent … improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline …

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 …

, explained mainly by permanent income, has only increased moderately in the 1990s; household behavior—not corporate behavior …

household savings. In particular, income taxes are shown to affect negatively the household saving rate much more than …This paper analyzes anew the relationship between taxation and the household saving rate. On the basis of standard … savings and tax revenue data from, it provides compelling and robust empirical evidence of a powerful impact of taxes on …

the saving rate that continued until the end of 2012, suggesting a permanent change in household behavior. To assess this … household saving behavior, implying that the rise in the saving rate during 2008-2012 was caused by the negative shocks to … the U.S. household sector …

The household saving ratio in France has undergone very sharp changes over the past two decades, falling dramatically … private saving in France. The first relates to perceptions of household income growth and uncertainty, which are likely to … sensitivity to interest rate changes. It is argued that both factors have played some role in the evolution of French household …

This paper studies the effects that borrowing constraints have on savings and growth and argues that, though they … increase savings, their effect on growth is ambiguous. Empirical evidence on the extent of borrowing constraints as well as … savings, investment, human capital accumulation and growth performance for industrialized countries is presented. A simple …

We study, both empirically and quantitatively, the role of savings and the labor supply in self-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 …