Showing 1 - 10 of 1,969
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 existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10013099761
We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...
Persistent link: https://www.econbiz.de/10013071425
model which features compulsory savings accounts and transparent pricing of health services. It has achieved some of the … how tax cuts can be designed to help establish compulsory savings accounts so that a publicly funded welfare system can be … like unemployment) through the establishment of a set of compulsory savings accounts. A case study of New Zealand is used …
Persistent link: https://www.econbiz.de/10012960259
The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is often at odd with this assumption giving rise to our...
Persistent link: https://www.econbiz.de/10012861295
existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and … 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
China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U … a buffer-stock savings model and show that rising income uncertainty and pension reforms lead younger and older … households, respectively, to raise their saving rates. These two factors account for over half of the increase in China's urban …
Persistent link: https://www.econbiz.de/10013135632
. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded … distortions. I document major trends in aggregate savings, investment, trade, and net foreign asset positions in China, and …Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …
Persistent link: https://www.econbiz.de/10013098458
jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have …
Persistent link: https://www.econbiz.de/10013086223
Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially …-Linked Savings (PLS) accounts, that combine principal-security with lottery-type jackpots, can increase savings among these at …-risk households. Results from an online experiment show that the introduction of PLS accounts increase total savings and reduce …
Persistent link: https://www.econbiz.de/10013099091