Showing 1 - 10 of 3,395
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 …-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged …
Persistent link: https://www.econbiz.de/10012986694
little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent … retirement ages from keeping pace with changes in life expectancy, leading to an increased need for life-cycle savings. Analyzing … a cross-country panel of macroeconomic data, we find that increased longevity raises aggregate savings rates in …
Persistent link: https://www.econbiz.de/10012760611
rates in developing Asia for the 2011-2030 period based on our estimation results and find that the domestic saving rate in …
Persistent link: https://www.econbiz.de/10013118468
highlight the distinction between planner optimization and household optimization. We show that planner optimization is a … partial substitute for household optimization and that this is still true when households have private in- formation about … household optimization are also implied by planner optimization. A rational utilitarian planner enacts policies that cause the …
Persistent link: https://www.econbiz.de/10012951336
critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents … aggregate fertility on household savings … household savings. Then, we construct an OLG model that parametrically matches the PE empirical evidence. Finally, we extend the …
Persistent link: https://www.econbiz.de/10013053493
agree on wanting a child. Using newly available data on fertility preferences and outcomes, we show that indeed, babies are … low-fertility countries women are much more likely than men to be opposed to having another child. We account for this … evidence with a quantitative model of household bargaining in which the distribution of the burden of child care between …
Persistent link: https://www.econbiz.de/10012996885
Fertility decisions are often made by partners who may disagree. We develop a model in which conflicting interests … to further widen the spousal disagreement over fertility in environments where maternal health risk is high and … about risk regardless of who in the household is treated. The intra-household asymmetry in information spillovers is …
Persistent link: https://www.econbiz.de/10014089917
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
The effect of social security and other forms of government debt on national savings is one of the most widely debated … policy questions in economics today. Some estimates suggest that social security has reduced U.S. savings by almost forty … percent. This paper examines recent cross-section and time series empirical tests of the social security-savings question and …
Persistent link: https://www.econbiz.de/10013221107
focuses on three large Continental European countries: France, Germany, and Italy. These countries have large pay …
Persistent link: https://www.econbiz.de/10013147613