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Recent research indicates that the marked increase in U.S. income inequality over the last twenty-five years has not been matched by a similar increase in consumption inequality. This paper examines the role of saving/dissaving in a house as a vehicle for consumption smoothing. Data from the...
Persistent link: https://www.econbiz.de/10010283472
KiwiSaver is a voluntary savings scheme aimed at increasing the retirement wealth of a target population. A critical … nature; and, having chosen to participate, the extent to which their attitudes and practices toward savings have been …. We find that members adjust their savings portfolio such that only about one third of the contributions they make to …
Persistent link: https://www.econbiz.de/10012115629
The objective of this paper is to analyse the extent to which membership of KiwiSaver has been associated with greater accumulations of net wealth. The paper utilises two linked sources of data which cover the period 2002 to 2010: Statistics New Zealand's Survey of Family, Income and Employment...
Persistent link: https://www.econbiz.de/10012115689
taxed in the system of a classic income tax. The latter should have a negative effect on the savings decision. The results …
Persistent link: https://www.econbiz.de/10012608391
the fact that food crop farmers and cotton farmers were exposed differently to that shock to estimate the income … elasticity of school enrolment. The results suggest that the shock-induced loss in purchasing power had an immediate effect on …
Persistent link: https://www.econbiz.de/10010271077
for the USA ; • Empirical results indicate that even if households planned to draw down half of housing equity to support …
Persistent link: https://www.econbiz.de/10012115603
This paper examines how the economic well-being of households changes after a male household member exits the labor force. We examine, in four countries, labor force exits at various ages and present evidence on household income from various sources before and after the exit occurs. We focus on...
Persistent link: https://www.econbiz.de/10010377515
This paper presents the Economic Security Index (ESI), a new, more comprehensive measure of economic insecurity. By combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting for fluctuations in income and out-of-pocket...
Persistent link: https://www.econbiz.de/10010289981
the interdependency between household members is understated if wealth and savings are not considered. Finally, we show …
Persistent link: https://www.econbiz.de/10013189728
This paper describes the transmission of income inequality into consumption inequality and in so doing investigates the degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX cross-sections and distinguishes between permanent...
Persistent link: https://www.econbiz.de/10010292960