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Persistent link: https://www.econbiz.de/10005428174
Long gone are the days when most American workers could rely on their employers to manage their retirement savings …. Today, most people handle their retirement portfolios themselves, gaining the right and responsibility to determine their … own best strategies. Research on retirement planning suggests, however, that many fall short of consensus targets for …
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During the Great Recession, the rate at which Americans formed households fell sharply. Though the rate has recently picked up, it isn’t fast enough to make up for the shortfall in household formation that occurred over the last several years. An analysis of recent household formation patterns...
Persistent link: https://www.econbiz.de/10011234930
Unexpected events such as job displacement, disability, and divorce can have negative effects on individual and family income. For many families, social insurance provided by the government plays an important role in buffering the impact of these shocks. However, on average, Americans depend...
Persistent link: https://www.econbiz.de/10008862171
Remarks at Queens Chamber of Commerce and Queens Economic Development Corporation, Flushing, New York City.
Persistent link: https://www.econbiz.de/10008872041
This paper quantifies the effects of two short-run fiscal policies, a temporary tax cut and a temporary rebate transfer, that are intended to stimulate economic activity. A reduction in income taxation provides immediate incentives to work and save more, raising aggregate output and consumption....
Persistent link: https://www.econbiz.de/10008616999
Falling home and financial asset prices have combined to weaken the average household’s balance sheet, and this has helped to slow down the current recovery. We examine the role that household balance sheets have typically played in postwar business cycles and assess their importance in...
Persistent link: https://www.econbiz.de/10008917685
Remarks at E-3 Summit of the Americas: Export Trade Basics Forum 101, San Juan, Puerto Rico.
Persistent link: https://www.econbiz.de/10008917741