Showing 1 - 10 of 220
This paper analyzes saving patterns and determinants in Latin America and the Caribbean (LAC), including key policy … variables and regimes. The review of previous empirical studies on LAC saving reveals contradictions and omissions. This paper … presents empirical results of an extensive search of determinants of private and public saving rates, adding previously …
Persistent link: https://www.econbiz.de/10012418216
'buffer stock' model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the …We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent … uncertainty. An estimated structural version of the model suggests that increased credit availability accounts for …
Persistent link: https://www.econbiz.de/10009622528
younger households are consistent with rising income uncertainty and higher saving rates among older households are consistent …China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U …-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese …
Persistent link: https://www.econbiz.de/10014403089
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 … shocks leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks …
Persistent link: https://www.econbiz.de/10014396572
‘buffer stock’ model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the … saving rate’s long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business …We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent …
Persistent link: https://www.econbiz.de/10014395705
incorporate the effects of macroeconomic uncertainty on private savings behavior. It is shown that the greater the uncertainty in …
Persistent link: https://www.econbiz.de/10014396005
, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income …
Persistent link: https://www.econbiz.de/10012022025
This paper studies the effect of demographic change on national saving, global interest rates, and international … private and public saving behavior. We then extend this framework to a two-country setting and simulate scenarios of …
Persistent link: https://www.econbiz.de/10011978553
Persistent link: https://www.econbiz.de/10009756786
as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage …-constrained households to maintain higher annual consumption growth compared to those non-eligible for the policy. Finally, we find that … mortgage PH led to higher saving rates for more financially-stable households …
Persistent link: https://www.econbiz.de/10013170081