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persistence. -- Precautionary savings ; unemployment insurance ; long-term unemployment ; income uncertainty …
Persistent link: https://www.econbiz.de/10003934763
market institutions ; Unemployment benefits ; Precautionary savings ; Consumer confidence …
Persistent link: https://www.econbiz.de/10009356750
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
After the collapse in early transition years, saving rates in Eastern European EU-accession countries have recovered strongly. Is private saving in these countries now driven by the same forces as in the EU? A GMM estimator is applied to analyze the determinants of private saving in both country...
Persistent link: https://www.econbiz.de/10011438969
Households can rely on private savings or on public unemployment insurance to hedge against the risk of becoming … ; precautionary savings …
Persistent link: https://www.econbiz.de/10009515596
We use a life-cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...
Persistent link: https://www.econbiz.de/10011389307
The report on the Measurement of Economic Performance and Social Progress by Stiglitz, Sen and Fitoussi concludes that in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth, from both the micro as well as the macro perspective....
Persistent link: https://www.econbiz.de/10013072608
population aging over the period 2000–14. While there is little doubt that household savings have decreased, the true trend …
Persistent link: https://www.econbiz.de/10012964317
depends on desired savings and sustainable indebtedness. This savings-debt constraint means that any policy that inhibits debt … also inhibits financial savings, spending, and jobs. After providing a solution to the conundrum of the consequence of … savings in a monetary economy, this essay makes a case for reclaiming the fiscal instrument. The EU Commission's belief that …
Persistent link: https://www.econbiz.de/10012954133
This article assesses the immediate impact the first wave of the pandemic had on euro area household income, consumption and saving, both at the aggregate level and for the main economies in the area. Drawing on the institutional sector accounts, with information to Q2, there was a contained...
Persistent link: https://www.econbiz.de/10013247350