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share of assets held in the form of pension savings, at the expense of saving in the form of housing equity. Some evidence … also was found to suggest that the tax treatment of pension savings similarly affected the flow of saving. In particular …
Persistent link: https://www.econbiz.de/10014398152
The Chinese government has recently focused on the need to increase consumption to rebalance the economy. A widely held view is that despite China''s remarkably high growth, the share of consumption in total expenditure has been low and declining due to high and rising saving rate of Chinese...
Persistent link: https://www.econbiz.de/10014400895
creating alternative savings instruments are likely to have the biggest impact on consumption. Other mechanisms to raise …
Persistent link: https://www.econbiz.de/10014402810
China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … transitory variance that rises sharply. A calibration of a buffer-stock savings model indicates that rising savings rates among … and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid …
Persistent link: https://www.econbiz.de/10014403089
A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing …, and on the savings responsiveness to changes in the real interest rate …
Persistent link: https://www.econbiz.de/10014395881
High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the rich and upper middle classes. This paper documents...
Persistent link: https://www.econbiz.de/10011905929
. The relationship between these variables is theoretically ambiguous: an adverse transitory terms of trade shock can either …
Persistent link: https://www.econbiz.de/10014403790
fall in response to a transitory terms of trade shock, depending on the values of the intertemporal elasticity of …
Persistent link: https://www.econbiz.de/10014398110
Emerging markets are more volatile and face different types of shocks, in size and nature, compared to their developed counterparts. Accurate identification of the stochastic properties of shocks is difficult. We show evidence suggesting that uncertainty about the underlying stochastic process...
Persistent link: https://www.econbiz.de/10014402067
We propose a tax-adjusted q model with physical and intangible assets and estimate it with a self-collected comprehensive database of intangible assets. The presence of intangibles changes the accounting and economic measures of q. We show that when tax changes are temporary, the q model can be...
Persistent link: https://www.econbiz.de/10012666979