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weaker and labor informality is prevalent. In such environments, household saving decisions are intertwined with firms …
Persistent link: https://www.econbiz.de/10013026304
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
personal assets. In this paper, we investigate the relationship between financial literacy and household net worth, relying on … comprehensive measures of financial knowledge designed for a special module of the Dutch Central Bank Household Survey (DHS). Our … savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …
Persistent link: https://www.econbiz.de/10013121050
We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys conducted before and after the onset of the financial crisis. We document that while financial knowledge did not increase from 2005 to 2010, significantly more individuals planned for...
Persistent link: https://www.econbiz.de/10013124236
changes in household debt and savings during the 2007 recession. We find that while different segments of the population were …Using administrative credit report records and data collected through several special household surveys we analyze … retirement and savings accounts. If anything, such contributions actually declined on average during that year. Instead, the …
Persistent link: https://www.econbiz.de/10013125918
decrease in electricity consumption and a 6-percent decrease in natural-gas consumption. The pattern of savings is consistent …
Persistent link: https://www.econbiz.de/10013069532
We present a model of household life-cycle saving decisions in order to quantify the impact of demographic changes on … aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving … lower household saving rates in Japan and China …
Persistent link: https://www.econbiz.de/10013015546