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An analysis of postwar US consumption and saving
Boskin, Michael J.; Lau, Lawrence J.
Persistent link: https://www.econbiz.de/10000749312
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The importance of precautionary motives in explaining individual and aggregate saving
Hubbard, R. Glenn; Skinner, Jonathan; Zeldes, Stephen P. - 1993
Persistent link: https://www.econbiz.de/10000109281
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Savings and the Terms of Trade Under Borrowing Constraints
Agenor, Pierre-Richard - 2000
This paper examines the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings … in bad states of nature, savings rates will respond asymmetrically to favorable movements in the permanent component of … standard determinants of private savings. The results, based on panel data for non-oil commodity exporters of sub …
Persistent link: https://www.econbiz.de/10012471007
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The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
Abel, Andrew B. - 2000
With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully-funded defined-contribution social security system tries to exploit the equity premium by selling a dollar of...
Persistent link: https://www.econbiz.de/10012471011
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Participation and Investment Decisions in a Retirement Plan : The Influence of Colleagues' Choices
Duflo, Esther - 2000
This paper investigates whether peer effects play an important role in retirement savings decisions. We use individual …
Persistent link: https://www.econbiz.de/10012471015
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The Power of Suggestion : Inertia in 401(k) Participation and Savings Behavior
Madrian, Brigitte C. - 2000
In this paper, we analyze the 401(k) savings behavior of employees in a large U.S. corporation before and after an … switch to automatic enrollment dramatically changed the savings behavior of employees. We have two key findings. First, 401(k … chosen by the company under automatic enrollment has a strong influence on the savings behavior of 401(k) participants. A …
Persistent link: https://www.econbiz.de/10012471079
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Choice, Chance, and Wealth Dispersion at Retirement
Venti, Steven F. - 2000
People earn just enough to get by' is a phrase often used to explain the low personal saving rate in the United States. The implicit presumption is that households simply do not earn enough to pay for current needs' and to save. We show in this paper that at all levels of lifetime earnings there...
Persistent link: https://www.econbiz.de/10012471253
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Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives
Horioka, Charles Yuji - 2000
Comparative Survey of Savings in Japan and the United States,' a binational survey conducted in 1996 by the Institute for Posts …
Persistent link: https://www.econbiz.de/10012471313
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Searching for Non-Linear Effects of Fiscal Policy : Evidence from Industrial and Developing Countries
Giavazzi, Francesco - 2000
Several recent studies suggest that the response of national saving to fiscal policy may be non-linear. In this paper we use two data sets to search for the circumstances in which such non-linear responses may arise: a sample of OECD countries used in previous studies, and sample of developing...
Persistent link: https://www.econbiz.de/10012471316
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Comparing the Economic and Conventional Approaches to Financial Planning
Gokhale, Jagadeesh - 1999
The conventional approach to retirement and life insurance planning, which is used throughout the financial planning industry, differs markedly from the economic approach. The conventional approach asks households to specify how much they want to spend before retirement, after retirement, and in...
Persistent link: https://www.econbiz.de/10012471463