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This paper studies the effect of demographic transitions on the economy of Latin America and the Caribbean (LAC). The paper builds a model of multi-regions of the world and derives the path of macroeconomic variables including aggregate output, capital, labor and the saving rate as economies...
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evaluate the consequences of policy reform. This paper surveys the savings mechanisms generated by the transmission of bequests … medical-expense risk are crucial determinants of savings and wealth inequality and that we need to look at more data to …
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We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
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In this paper, we build a heterogeneous agents-dynamic general equilibrium model wherein saving constraints interact with credit constraints. Saving constraints in the form of fixed costs to use the financial system lead households to seek informal saving instruments (cash) and result in lower...
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structural life-cycle model of singles' and married couples' labor supply and savings decisions. The model includes heterogeneity … by age, education, wealth, sex and household composition. In aggregate, social assistance dominates unemployment …
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