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Emergence of Asia : Reforms, Corporate Savings, and Global Imbalances

Fan, Jingting - 2016

-constrained previously decreased their savings more (or increased their savings less) relative to unconstrained firms. However, this firm …-level effect did not lead to a decrease in aggregate corporate savings as conjectured by the theory. Our sector level regressions … show that corporate savings increased after financial reforms, and more so for sectors more dependent on external finance …

Persistent link: https://www.econbiz.de/10012989124

What Does Financial Literacy Training Teach Us?

Carlin, Bruce I. - 2010

This paper uses a quasi natural experiment to explore how financial education changes savings, investment, and consumer …

Persistent link: https://www.econbiz.de/10013139151

Getting to the Top of Mind : How Reminders Increase Saving

Karlan, Dean S. - 2010

expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …

Persistent link: https://www.econbiz.de/10013139968

Are You Sure You're Saving Enough for Retirement?

Skinner, Jonathan S. - 2007

Many observers believe current aging baby boomers are woefully unprepared for retirement. Others raise the prospect that Americans are saving too much for retirement. This paper attempts to reconcile these contrasting views using a simple life cycle model and a more sophisticated retirement...

Persistent link: https://www.econbiz.de/10012777316

Testing the Effectiveness of Consumer Financial Disclosure : Experimental Evidence from Savings Accounts

Hunt, Stefan - 2019

randomized-controlled trials with 124,000 savings-account holders at five UK depositories. Treated consumers were disclosed …

Persistent link: https://www.econbiz.de/10012889475

Risk Sharing in Private Information Models with Asset Accumulation : Explaining the Excess Smoothness of Consumption

Attanasio, Orazio - 2010

We derive testable implications of model in which first best allocations are not achieved because of a moral hazard problem with hidden saving. We show that in this environment agents typically achieve more insurance than that obtained under autarchy via saving, and that consumption allocation...

Persistent link: https://www.econbiz.de/10012760291

Why Aren't Developed Countries Saving?

Dobrescu, Loretti - 2009

National saving rates differ enormously across developed countries. But these differences obscure a common trend, namely a dramatic decline over time. France and Italy, for example, saved over 17 percent of national income in 1970, but less than 7 percent in 2006. Japan saved 30 percent in 1970,...

Persistent link: https://www.econbiz.de/10012765576

Initial Impacts of the Pandemic on Consumer Behavior : Evidence from Linked Income, Spending, and Savings Data

Bachas, Natalie - 2020

savings. Households across the income distribution all cut spending from March to early April. Since mid April, spending has …

Persistent link: https://www.econbiz.de/10012826647

Behavioral Public Economics : Welfare and Policy Analysis with Non-Standard Decision-Makers

Bernheim, B. Douglas; Rangel, Antonio - 2021

This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...

Persistent link: https://www.econbiz.de/10013222646

Precautionary Saving and the Marginal Propensity to Consume

Kimball, Miles S. - 2021

The marginal propensity to consume out of wealth is important for evaluating the effects of taxation on consumption, assessing the possibility of multiple equilibria due to aggregate demand spillovers, and explaining observed variations in consumption. It is also a component of the interest...

Persistent link: https://www.econbiz.de/10013232442

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