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a new panel survey (SOFIE) to study housing wealth in household portfolios. It then estimates the rates of saving that … selected comparator countries; • Housing represents a major share of household wealth, and this share has risen in line with … the increase in house prices; • The composition of household portfolios is comparable to other selected countries except …
Persistent link: https://www.econbiz.de/10012115603
From 1995 to 2005, the average urban household saving rate in China rose by 8 percentage points, to about one quarter … of disposable income. We use household-level data to explain why households are postponing consumption despite rapid … profile of savings has an unusual U-shaped pattern, with saving rates being the highest among the youngest and oldest …
Persistent link: https://www.econbiz.de/10010268197
This paper examines the relationship between household savings and family size. Household savings are important … shortfalls. Descriptive and multivariate evidence on the relationship of household savings and family size are provided. The … endogeneity of family size in the household savings equation, as argued for in the old-age security hypothesis, is properly …
Persistent link: https://www.econbiz.de/10011429835
. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that … life cycle consumption behaviour are resolved. Secondly, we stress the importance of the heterogeneity of household …
Persistent link: https://www.econbiz.de/10010262485
household portfolio allocation are collected from the HINK surveys for the period 1982-1992, and portfolio shares of different …
Persistent link: https://www.econbiz.de/10010321812
-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …
Persistent link: https://www.econbiz.de/10010500212
Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...
Persistent link: https://www.econbiz.de/10010325943
Following the 1994 financial crisis, the rate of saving of the Mexican economy fell from 21. 7 percent to 19. 8 percent of GDP. The decline was associated with a reduction in the rate of external saving from 6. 9 to 0. 5 percent between 1994 and 1995. The overall reduction was not more dramatic...
Persistent link: https://www.econbiz.de/10010327013
This paper investigates empirically why Japan's household savings rate fell in the 1990s. We constructed an economic …'s household savings rate. Our simulation analysis demonstrated that if the proportion of liquidity-constrained households in the … 1990s had stayed at the level as that of the late 1980s, the household savings rate would have increased by four percent …
Persistent link: https://www.econbiz.de/10010332236
Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...
Persistent link: https://www.econbiz.de/10010268883