Showing 1 - 10 of 1,122
Persistent link: https://www.econbiz.de/10010479415
variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and …
Persistent link: https://www.econbiz.de/10014411766
The U.S. national savings rate has declined in the 1980s, with both public and private components falling. This paper … discusses that decline and whether a policy response is needed. The drop in the private savings rate appears to reflect factors … national savings. Illustrative calculations based on two alternative frameworks indicate that a net national saving rate …
Persistent link: https://www.econbiz.de/10014395902
Persistent link: https://www.econbiz.de/10009726452
. Korea's neutral rate is likely to remain low over the medium-term and could fall further, reflecting a structural savings …
Persistent link: https://www.econbiz.de/10012604759
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 …
Persistent link: https://www.econbiz.de/10012009609
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
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
China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances …. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad …. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one …
Persistent link: https://www.econbiz.de/10011978615
This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach. These calculations show the sensitivity of...
Persistent link: https://www.econbiz.de/10014399958