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Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey
Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2024
We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to rank them. For...
Persistent link: https://www.econbiz.de/10015056164
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Euro-Productivity and Euro-Jobs since the 1960s : Which Institutions Really Mattered?
Allard, Gayle - 2006
How have labor market institutions and welfare-state transfers affected jobs and productivity in Western Europe, relative to industrialized Pacific Rim countries? Orthodox criticisms of European government institutions are right in some cases and wrong in others. Protectionist labor-market...
Persistent link: https://www.econbiz.de/10012466204
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Risk Sharing through Capital Gains
Balli, Faruk - 2011
OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing …
Persistent link: https://www.econbiz.de/10012461045
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Social Security and Individual Welfare : Precautionary Saving, LiquidityConstraints, and the Payroll Tax
Hubbard, R. Glenn - 1985
Recent advances in the examination of efficiency gains from dynamic tax reforms have used simulation models to isolate intragenerational and/or intergenerational effects. Important considerations having to do with uncertainty or capital market imperfections are frequently missing from such a...
Persistent link: https://www.econbiz.de/10012477343
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'Precautionary' Saving Revisited : Social Security, Individual Welfare, and the Capital Stock
Hubbard, R. Glenn - 1984
This paper focuses on precautionary saving against uncertain longevity and on the annuity insurance aspects of social security within the life-cycle framework. The principal findings are three. First, the evolution of social security is reviewed in response to missing markets for providing...
Persistent link: https://www.econbiz.de/10012477659
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The Welfare Cost of Social Security's Impact on Private Saving
Feldstein, Martin - 1982
Although there have been several studies of the effect of social security on private saving, there has been no attempt to measure the welfare cost of this distortion. The present paper develops an analytic framework for this evaluation and presents numerical calculations
Persistent link: https://www.econbiz.de/10012478136
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An Examination of Empirical Tests of Social Security and Savings
Auerbach, Alan J. - 1981
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/10012478385
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Social Security, Bequests, and the Life Cycle Theory of Saving : Cross-Sectional Tests
Blinder, Alan S. - 1981
This paper studies the asset holdings of white American men near retirement age. Assets as conventional defined show no tendency to decline with age, in apparent contradiction of the life-cycle theory of saving. However, a broadened concept of assets which includes expected future pension...
Persistent link: https://www.econbiz.de/10012478504
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International Differences in Social Security and Saving
Feldstein, Martin - 1979
The U.S. Social Security Administration, in cooperation with similar agencies in other countries, recently developed estimates of social security benefits for twelve major industrial countries. The present paper uses these data to estimate the effects of social security benefits on saving and...
Persistent link: https://www.econbiz.de/10012478793
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The Effect of Social Security on Saving
Feldstein, Martin - 1979
This paper, which was presented as the 1979 Frank Paish Lecture to the British Association of University Teachers of Economics, provides a non-technical summary of the recent studies of the effects of social security on private saving. The first section discusses the theoretical indeterminacy of...
Persistent link: https://www.econbiz.de/10012478813