This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization … of housing wealth are concentrated among the home owners who sell subsequent to privatization and among those who receive …

aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving …We present a model of household life-cycle saving decisions in order to quantify the impact of demographic changes on … saving rates, while decreasing family size increases saving for both China and India. Projecting forward, the model predicts …

This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged …-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main …

. We propose a novel consumption-savings model in which a consumer has a well-defined preference ordering over both … changes. We find that (i) the welfare cost of household-level consumption fluctuations may be overstated by 1.7 percentage …

measures are constructed from the balance sheets of the household sectors in the United States and Japan. Far from being equal …

This paper examines issues of household saving, growth. and aging in Taiwan. The Taiwanese patterns of high income … fifteen consecutive household income and expenditure surveys. from 1976 to 1990, to examine whether observed profiles of … household consumption tracks income closely. and this evidence casts doubt on simple life-cycle theory …

The high and rising household savings rate in China is not easily reconciled with the traditional explanations that … about half of the actual increase in the household savings rate during 1990-2007 … new competitive saving motive: As the sex ratio rises, Chinese parents with a son raise their savings in a competitive …

This paper analyzes the determinants of savings in the world economy, and discusses why saving ratios have been so … uneven across countries. A distinction is made between private and government savings, using panel data for 36 countries …, from 1970 to 1992. In particular, it is assumed that government savings are not completely exogenous, and respond to both …

rate. So a rise will be driven by higher household savings of the coming years as the two primary forces that depressed … savings in recent years are reversed: the exceptionally rapid rise in household wealth and the high level of mortgage …

external to household choices. When agents in the model are presented with U.S. and rest-of-world endowment data as the …