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Household Saving and Full Consumption over the Life Cycle

Apps, Patricia; Rees, Ray - 2001

This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full...

Persistent link: https://www.econbiz.de/10010262485

The impact of wealth on job exit rates of elderly workers

Bloemen, Hans G. - 2006

through 2001, we analyse the impact of wealth, savings, and debt position on job exit rates. We find evidence for a positive …

Persistent link: https://www.econbiz.de/10010271873

Impacts of Home-Care Subsidies: Evidence from Quasi-Random Assignment

Ofek-Shanny, Yuval; Strulov-Shlain, Avner; Zeltzer, Dan - 2023

We study the impact of subsidizing home-based long-term care on recipients' health and the labor supply of their working-age children. We use administrative data from Israel on the universe of welfare benefit applications linked with tax records of applicants and their adult children. To address...

Persistent link: https://www.econbiz.de/10014469758

Heterogeneous Life-Cycle Profiles, Income Riskand Consumption Inequality

Primiceri, Giorgio E.; Rens, Thijs van - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Was the increase in income inequality in the US due to permanent shocks or merely to anincrease in the variance of transitory shocks? The implications for consumption and welfaredepend crucially on the answer to this question. We use CEX repeated cross-section data onconsumption and income to...

Persistent link: https://www.econbiz.de/10005861079

Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality

Primiceri, Giorgio; van Rens, Thijs - Institute for the Study of Labor (IZA) - 2007

Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX repeated cross-section data on consumption and income to...

Persistent link: https://www.econbiz.de/10005703321

Why are saving rates so high in China?

Yang, Dennis Tao; Zhang, Junsen; Zhou, Shaojie - 2011

In this paper, we define The Chinese Saving Puzzle as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000-2008. Using data from the Flow of Funds Accounts (FFA) and...

Persistent link: https://www.econbiz.de/10010274634

Income inequality and saving

Alvarez-Cuadrado, Francisco; el Attar, Mayssun - 2012

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 inequality and a continuous decrease in the aggregate...

Persistent link: https://www.econbiz.de/10010291404

Life Cycle Time Allocation and Saving in an Imperfect Capital Market

Apps, Patricia; Rees, Ray - 2004

This paper combines income and expenditure with time use data to provide a unique picture of the time paths of labour supplies, saving and full consumption for two-adult households over the life cycle. These data are used to test the life cycle model presented in the paper, at the core of which...

Persistent link: https://www.econbiz.de/10010261803

"Should I Pay for You or for Myself"? The Optimal Level and Composition of Retirement Benefit Systems

van Praag, Bernard M. S.; Cardoso, Pedro - 2001

Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...

Persistent link: https://www.econbiz.de/10010276956

Demographic Determinants of Savings : Estimating and Interpreting the Aggregate Association in Asia

Schultz, T. Paul - 2005

Life cycle savings is proposed as one explanation for much of the increase in savings and economic growth in Asia. The … association between the age composition of a nation?s population and its savings rate, observed within 16 Asian countries from … savings is exogenous. Specification tests as well as common sense imply, moreover, that lagged savings is likely to be …

Persistent link: https://www.econbiz.de/10010262202

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