asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the … the particular savings hypothesis. However, if savings out of capital income are substantial so that a certain threshold …

country-specific institutions. The model is calibrated for the United States, Germany and China. Simulations suggest that a …, the weak domestic demand and increasing current account balances of Germany and China since the mid-1990s are strongly … China. Simulationen zeigen, dass ein erheblicher Anteil des Anstiegs der privaten Haushaltsverschuldung und des Rückgang der …

theoretical prediction of a simple model, determines a much lower amount of savings and wealth accumulation and therefore a lower …

evaluate the consequences of policy reform. This paper surveys the savings mechanisms generated by the transmission of bequests … medical-expense risk are crucial determinants of savings and wealth inequality and that we need to look at more data to …

theory brings out a number of direct channels through which income inequality can affect overall household saving … — positively in most cases. However, recent political-economy theory points toward indirect, negative effects of inequality …

at a higher rate than the poor, income inequality stimulates growth by increasing aggregate savings. We trace the …