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Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … household wealth is crowded out by pensions? (2) Can linear regression analysis accurately estimate the magnitude of crowdout … results indicate that private pensions in the US crowd out less than $0.15 of household saving per dollar of pension wealth …
Persistent link: https://www.econbiz.de/10013128568
-2008. Using data from the Flow of Funds Accounts (FFA) and Urban Household Surveys (UHS) supplemented by the findings from … household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …
Persistent link: https://www.econbiz.de/10013130462
household savings rate and the U-shaped age-profile of savings …China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U … permanent variance of household income was stable, the transitory variance rose sharply. Based on these estimates, we calibrate …
Persistent link: https://www.econbiz.de/10013135632
Using combined data from population censuses and Urban Household Surveys, we study the effects of demographic … structural changes on the rise in household saving in China. Variations in fines across provinces on unauthorized births under … investigated in the context of household saving decisions in China …
Persistent link: https://www.econbiz.de/10013096769
the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …
Persistent link: https://www.econbiz.de/10013105997
with higher total household wealth, lower financial stress and higher expected retirement income. We find little evidence …
Persistent link: https://www.econbiz.de/10012870293
UDLs for longer time accumulate more savings. This effect holds for both financial and total wealth and is stronger at … financial literacy, contributing to uncover the mechanisms through which the risk of divorce may affect savings. Our results are …
Persistent link: https://www.econbiz.de/10012978950
We analyse how the financial support for long-term elderly care affects the level of household savings. Using a … be flexibly estimated across age groups. We find that the Scottish policy reduced the average household saving by about … £7,200. Moreover, the estimated effects are heterogeneous across age groups of the head of household: these effects are …
Persistent link: https://www.econbiz.de/10013016254
pension wealth created by Poland's 1999 pension reform. Using the 1997–2003 Polish Household Budget Surveys, we begin by … estimating "difference-in-differences" regressions, where we compare household saving and expenditure across time and between … household saving. We also find heterogeneity in responses. For the middle-aged cohorts, we find a large public pension crowd …
Persistent link: https://www.econbiz.de/10013026410
household savings, which are primarily financed through increased paternal labor supply. This is the first paper that highlights … this alternative motive for savings in dowry-paying societies. However, we find no impacts of dowry expectations on son …
Persistent link: https://www.econbiz.de/10012920452