National saving rates differ enormously across developed countries. But these differences obscure a common trend … less than 7 percent in 2006. Japan saved 30 percent in 1970, but only 8 percent in 2006. And the U.S. saved 9 percent in …

This article examines how the availability of annuities affects savings and inequality in economies in which neither … CBS utility function indicate that perfecting annuity insurance can significantly reduce national savings. Indeed, the … savings …

newly produced capital differently from old capital. Policies that do make this distinction are denoted investment policies …, while those that do not are labelled savings policies. While both types of policies alter marginal incentives to accumulate … new capital, investment incentives can generate significant inframarginal redistribution from current holders of wealth to …

"hump" savings. A major difference between this study and previous investigations of this issue is the use of more accurate … savings. This paper suggests the importance of and need for substantially greater research and data collection on … intergenerational transfers. fife-cycle models of savings that emphasize savings for retirement as the dominant form of apical …

fall, the West and Japan see it rise by one fifth by 2030 and by three fifths by 2100. These wage increases are over and … dramatically alters this prediction. Even though China is aging rapidly, its saving behavior, growth rate, and fiscal policies are …, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period …

determines the amounts of saving and life insurance needed to achieve these targets. The economic approach is based on the life …-cycle model of saving. Its goal is to smooth households' living standards over their life cycles and to ensure comparable living … households experiencing changing demographics or facing borrowing constraints. This paper illustrates the different saving and …

The precautionary motive for saving is an important issue that is receiving increasing attention. Part of the … motivation for this interest stems from the post war coincidence of two trends, one a decline in the U.S. rate of saving and the …, and health insurance. This paper examines precautionary saving for uncertain health care payments using a simple two …

transfers for U.S. savings. Modigliani's paper is the latest salvo in a long running debate over the importance of … intergenerational transfers in explaining savings behavior. While Modigliani corrects an algebraic error of minor consequences in our …

The substantial post war decline in the U.S. saving rate has added great impetus to the debate over whether public debt … policy crowds out saving. Rather than attempting to reject specific saving models, empirical research on debt policy and … savings has primarily focused on the impact of particular policy variables on savings. In this paper we examine Barro …