This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization … of housing wealth are concentrated among the home owners who sell subsequent to privatization and among those who receive …

This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged …-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main …

aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving …We present a model of household life-cycle saving decisions in order to quantify the impact of demographic changes on … saving rates, while decreasing family size increases saving for both China and India. Projecting forward, the model predicts …

. We propose a novel consumption-savings model in which a consumer has a well-defined preference ordering over both … changes. We find that (i) the welfare cost of household-level consumption fluctuations may be overstated by 1.7 percentage …

It depends what we want to measure. Most literature has focused on observed flow of savings (per-period savings as … investment in each period, it does not follow that the households' actual savings (underlying, not observed, savings determined … move in opposite directions, and show that indeed the actual savings has sharply increased since 1980 …

Substantial evidence suggests that savings behavior may depart from neoclassical optimization. This article examines … the implications of raising the savings rate - whether through social security, retirement plans, or otherwise - for labor … savings behavior. Under one formulation, raising the targeted savings rate has the same effect on labor supply as that of …

The high and rising household savings rate in China is not easily reconciled with the traditional explanations that … about half of the actual increase in the household savings rate during 1990-2007 … new competitive saving motive: As the sex ratio rises, Chinese parents with a son raise their savings in a competitive …

rate. So a rise will be driven by higher household savings of the coming years as the two primary forces that depressed … savings in recent years are reversed: the exceptionally rapid rise in household wealth and the high level of mortgage …

external to household choices. When agents in the model are presented with U.S. and rest-of-world endowment data as the …