with reference income while aggregate saving decreases with income inequality. We provide evidence from the PSID and a …Over the last three decades, average income for the bottom half of the US distribution increased by 8% while their … average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in …

unemployment rates. But scant, if any, evidence exists on gender gaps in economic outcomes such as income, expenditure, savings …The COVID-19 outbreak has brought unprecedented disruptions to the global economies and has led to income loss and high … using data from a six-country survey that covers countries in different geographical locations and at various income levels …

income hypothesis and theories of precautionary saving, a one standard deviation increase in the uncertainty of remittance … uncertainty of remittance income inflows affects the accumulation of human, physical and financial assets of Mexican households … income raises the likelihood of household spending on asset accumulation by about 2 percentage points while raising the share …

based on these income parameters and illustrate the empirical remit of the model with long running panel data from Kagera …, Tanzania. Further, we show that the structure of the sufficient statistics is maintained in the case where the model is …

This paper examines the importance of relative deprivation in Tanzania, a poor African country, using three waves of … literature, we find strong evidence of relative deprivation in financial satisfaction of all individuals in Tanzania, and …

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …

low-income countries. Major themes in the literature include the determinants and consequences of joining the formal … sector; the impacts of access to credit and other financial services; the impacts of business training; barriers to hiring …

them to raise their prices, increase their utilization of credit, and reduce their employment. However, when policy rates …