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Both young and old consumers appear to dissave too little for their behaviour to be consistent with a strict life cycle model. We concentrate on young households and document their behaviour drawing from Italian and Japanese data. We also provide a theoretical set-up which can account for the...
Persistent link: https://www.econbiz.de/10012475118
aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving … lower household saving rates in Japan and China …We present a model of household life-cycle saving decisions in order to quantify the impact of demographic changes on …
Persistent link: https://www.econbiz.de/10012457114
China's high household savings rate has attracted great academic interest but remains a puzzle. Potential explanations … include demographic, policy, and financial causes. Yet a lack of reliable microlevel data on household finances makes it … primary causes of high levels of savings among Chinese households …
Persistent link: https://www.econbiz.de/10013172155
A substantial literature exists on the impact of pension schemes, both public and private, on the level of household … private savings and about the magnitude of the displacement effect. Using data for 8,279 Canadian households, and estimates of … pension wealth (both private and social security) which we construct for each household in the sample, the estimated …
Persistent link: https://www.econbiz.de/10012478143
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
-2008. Using data from the Flow of Funds Accounts (FFA) and Urban Household Surveys (UHS) supplemented by the findings from … household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …
Persistent link: https://www.econbiz.de/10012461886
China's household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … that rising income uncertainty and pension reforms can account for over half of the increase in the urban household savings … accompanied by a substantial increase in income uncertainty. Interestingly, the permanent variance of household income remains …
Persistent link: https://www.econbiz.de/10012462092
decrease in electricity consumption and a 6-percent decrease in natural-gas consumption. The pattern of savings is consistent …
Persistent link: https://www.econbiz.de/10012462454
Only about one-fifth of respondents in the Reuters/University of Michigan survey report that the 2008 tax rebates led them to mostly increase spending, while over half said it would lead them to mostly pay off debt. Of those in the mostly-spend category, the response was swift, with over 80...
Persistent link: https://www.econbiz.de/10012463228