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We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across … heterogeneity in the mean savings offset depending on age, risk attitudes and country. Third, the offset follows different patterns …
Persistent link: https://www.econbiz.de/10012156487
We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to rank them. For...
Persistent link: https://www.econbiz.de/10015056164
and researchers. This includes the use to estimate the offset between UPPE and savings (Feldstein 1974). Finally, we show …
Persistent link: https://www.econbiz.de/10009733375
The policy brief presents a review of potential effects of parametric pension reform in Belarus starting in 2017 for the population aged 50 and more in terms of unemployment, alcohol consumption, and poverty. It concludes that, despite the fact that raising the retirement age is overdue in...
Persistent link: https://www.econbiz.de/10011690961
Persistent link: https://www.econbiz.de/10012548636
the lens of an estimated DSGE model. We augment the canonical DSGE set-up with 'forced savings' (lockdowns, social … dominant role of 'lockdown shocks' ('forced savings', labour hoarding) in explaining the quarterly pattern of real GDP growth … impact of persistently higher (precautionary) savings. The initial inflation response has been modest compared to the …
Persistent link: https://www.econbiz.de/10012650032
results suggest that the correlation between investment and savings depends on institutions, exchange rate risk and credit …
Persistent link: https://www.econbiz.de/10013028896
In this article, we use data on five social inclusion indicators (poverty, inequality, unemployment, education and health) to assess and compare the performance of 15 European welfare states (EU15) over a 12-year period from 1995 to 2006. Aggregate measures of performance are obtained using...
Persistent link: https://www.econbiz.de/10013142916
Persistent link: https://www.econbiz.de/10010495749
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