Narrow search
Showing 1 - 10 of 84
Cover Image
Active vs. Passive Decisions and Crowdout in Retirement Savings Accounts : Evidence from Denmark
Chetty, Raj - 2013
Using 41 million observations on savings for the population of Denmark, we show that the impacts of retirement savings … policies on wealth accumulation depend on whether they change savings rates by active or passive choice. Subsidies for … retirement accounts, which rely upon individuals to take an action to raise savings, primarily induce individuals to shift assets …
Persistent link: https://www.econbiz.de/10013088874
Cover Image
Personal Accounts and Family Retirement
Gustman, Alan L.; Steinmeier, Thomas L. - 2021
This paper constructs a model of retirement and saving by two earner couples. The model includes three dimensions of behavior: the joint determination of retirement and saving; heterogeneity in time preference; and the interdependence of retirement decisions of husbands and wives. Estimation is...
Persistent link: https://www.econbiz.de/10013244905
Cover Image
Re-examining the decline in the US saving rate : the impact of mortgage equity withdrawal
Caporale, Guglielmo Maria; Costantini, Mauro; Paradiso, … - In: Journal of international financial markets, … 26 (2013), pp. 215-225
Persistent link: https://www.econbiz.de/10010234911
Cover Image
Check in the Mail or More in the Paycheck : Does the Effectiveness of Fiscal Stimulus Depend on How it is Delivered?
Sahm, Claudia - 2010
Recent fiscal policies, including the 2008 stimulus payments and the 2009 Making Work Pay tax credit, aimed to increase household spending. This paper quantifies the spending response to these policies and examines differences in spending by whether the stimulus was delivered as a one-time...
Persistent link: https://www.econbiz.de/10013139740
Cover Image
Saving and the Long Shadow of Macroeconomic Shocks
Aizenman, Joshua - 2013
The global crisis of 2008 raises many questions regarding the long‐term response to crises. We know that households that lost access to credit, for example, were forced to adjust and increase saving. But, will households keep on saving more than they would have done otherwise had the global...
Persistent link: https://www.econbiz.de/10013081508
Cover Image
Crowding Out Redefined : The Role of Reserve Accumulation
Reinhart, Carmen - 2013
It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 percentage points lower during 1998-2012 than its...
Persistent link: https://www.econbiz.de/10013072866
Cover Image
Social Security and Saving : An Update
Slavov, Sita - 2017
Typical neoclassical life-cycle models predict that Social Security has a large and negative effect on private savings … private savings and find little to support the strong predictions from the theoretical model. We explore possible reasons for …
Persistent link: https://www.econbiz.de/10012954453
Cover Image
The Interest Rate Effect on Private Saving : Alternative Perspectives
Aizenman, Joshua - 2016
Using an uneven panel of 135 countries from 1995 to 2014, we investigate the link between interest rates and private saving, and focus on whether the interest rate effect is dominated by the income (i.e., negative) or the substitution (i.e., positive) effect. With the baseline estimation, we...
Persistent link: https://www.econbiz.de/10012978514
Cover Image
Aggregate External Financing and Savings Waves
Eisfeldt, Andrea L. - 2014
US data display aggregate external financing and savings waves. Firms can allocate costly external finance to … firms' financing and savings decisions, and use our model along with firm level data to construct an empirical estimate of …
Persistent link: https://www.econbiz.de/10013047787
Cover Image
Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(K) Introductions
Beshears, John - 2014
Can governments increase private savings by taxing savings up front instead of in retirement? Roth 401(k) contributions …
Persistent link: https://www.econbiz.de/10013040241