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provides elderly assistance and is a source of savings for long-term investment. The pension systems in SSA, however, are …
Persistent link: https://www.econbiz.de/10013349380
This paper considers the quantitative role of growth in the size of the social security program in contributing to the collapse of personal saving in the U.S. over the last few decades. Using a calibrated, general equilibrium life-cycle model this paper shows that social security may not be to...
Persistent link: https://www.econbiz.de/10013157190
This paper provides evidence to argue that the difference in the social security schemes of two countries may help explain the disparity in their saving rates. We examine the argument by limiting our focus to a comparison of New Zealand and Singapore for the period 1960–1993. We choose the...
Persistent link: https://www.econbiz.de/10012952853
Estimating saving and fertility simultaneously by the VAR method, we find that social security cover has a positive effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was tested, social security is thus good for growth. A...
Persistent link: https://www.econbiz.de/10013321181
article closes this gap by analyzing the development of Prussian savings banks’ deposits in the late 19th century with the … savings considerably. As counterfactual voluntary savings would have been far from sufficient, however, Bismarck’s social …
Persistent link: https://www.econbiz.de/10011671694
article tries to close this gap by analyzing the development of Prussian savings banks' deposits in the late 19th century. The … introduction of social security can affect private savings in at least two different ways: on the one hand, it might induce … households to reduce their precautionary savings; one the other hand, it might give people a reason to reflect on their financial …
Persistent link: https://www.econbiz.de/10012159542
particularly relevant for the quickly aging Asian economies: the volume of savings for old-age provisions, international … diversification of retirement savings, and global spillover effects of pension reforms. …
Persistent link: https://www.econbiz.de/10011635567
When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
Persistent link: https://www.econbiz.de/10014023471
This paper examines the substitution between pension wealth and household saving by studying Norway's 2011 pension reform. The analysis identifies the effect of reductions in social security pension generosity on household saving using cohort, time and sector variation in pension wealth induced...
Persistent link: https://www.econbiz.de/10013370964
We use 6 waves of the Bank of Italy's Survey on household income and wealth (SHIW) to check the evolution of workers …
Persistent link: https://www.econbiz.de/10011715810