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expansion of household debt, the boom in housing, and declining flows of household savings into deposit institutions. These data …This study describes how accelerating inflation has led households indifferent economic and demographic classes to … reallocate their quot;transactable savings.quot; Cross-section data from the 1962 and 1970 Surveys of Consumer Finances are used …
Persistent link: https://www.econbiz.de/10012787787
existing debt. A simulation is conducted on future paths of household saving and fiscal situations to show that the ceiling …, financial instability, and inflation …
Persistent link: https://www.econbiz.de/10013102193
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
Individuals in the United States consistently do most of their saving through financial intermediaries, but over time there have been and continue to be major shifts in people's reliance on specific kinds of intermediary institutions. In recent years, for example, individual savers have relied...
Persistent link: https://www.econbiz.de/10013248123
After exploring both the crucial role of the interest elasticity of the saving rate in the analysis of a wide variety of issues in economic - particularly tax - policy and reasons why previous studies of the effect of interest rates on consumption and saving have biased the estimated elasticity...
Persistent link: https://www.econbiz.de/10013321629
Data for world savings rates do not suggest that an aggregate glut of world savings has depressed US and international … interest rates in recent years. Unusual but offsetting changes in savings rates have been limited to three regions: sharp … increased very little. There are two important features of this change in regional savings behavior. First, three-quarters of …
Persistent link: https://www.econbiz.de/10013310208
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We …'s utility enter into parent's utility where parents choose the consumption level of the young until they leave the household … the household saving rate …
Persistent link: https://www.econbiz.de/10013129127
-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/10013130270
imply. Our results also suggest that a substantial part of the reduced form relationship between stock holding and household …
Persistent link: https://www.econbiz.de/10013118132
In this paper, we present data on trends over time in domestic saving rates in twelve economies in developing Asia during the 1966-2007 period and analyze the determinants of these trends. We find that domestic saving rates in developing Asia have, in general, been high and rising but that there...
Persistent link: https://www.econbiz.de/10013118468