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This paper considers several alternative explanations for the fact that households with higher levels of lifetime income ( the rich') have higher lifetime saving rates (Dynan, Skinner, and Zeldes (1996); Lillard and Karoly (1997)). The paper argues that the saving behavior of the richest...
Persistent link: https://www.econbiz.de/10012472259
.S. savings behavior. The restrictions imposed by general equilibrium theory play an important role in arriving at each of these …
Persistent link: https://www.econbiz.de/10012470736
already received transfers directly deposited into a savings account. Using administrative account data and household surveys … number of checks decreases over time as their reported trust in the bank and savings increase. Their overall savings rate … increases by 3-4 percent of household income …
Persistent link: https://www.econbiz.de/10012455429
in housing, and declining flows of household savings into deposit institutions. These data underscore the unintended … reallocate their "transactable savings." Cross-section data from the 1962 and 1970 Surveys of Consumer Finances are used to … that accelerating inflation has, in thee presence of comprehensive ceilings on deposit interest rates, altered the savings …
Persistent link: https://www.econbiz.de/10012478670
across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …
Persistent link: https://www.econbiz.de/10012481898
Persistent link: https://www.econbiz.de/10000109281
Comparative Survey of Savings in Japan and the United States,' a binational survey conducted in 1996 by the Institute for Posts … light on which model of household behavior applies in the two countries. We find (1) that the selfish life cycle model is … the dominant model of household behavior in both countries but that it is far more applicable in Japan than it is in the U …
Persistent link: https://www.econbiz.de/10012471313
the most the household can afford to consume in the present given that it wants to preserve that living standard in the … household demographics and borrowing constraints. The different life insurance recommendations reflect these same factors as … well as ESPlanner's accounting for contingent household plans and for Social Security's survivor benefits. The less …
Persistent link: https://www.econbiz.de/10012471463
through which tax policy may affect household saving by altering the behavior of third parties, such as employers …
Persistent link: https://www.econbiz.de/10012471740
In this paper, we examine several aspects of saving and dissaving after retirement. First, we argue that existing evidence on bequeathable age-wealth profiles is suspect, and provide new evidence based on longitudinal data indicating that significant dissaving may occur,particularly among single...
Persistent link: https://www.econbiz.de/10012477680