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Back on track? : savings puzzles in EU-accession countries
Schrooten, Mechthild; Stephan, Sabine - 2002
savings. Is saving behaviour in EU-accession countries now driven by the same forces as it is in market economies? We use a …
Persistent link: https://www.econbiz.de/10011436998
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Behind the Great Recession : job search and housing decisions
Rendón, Sílvio; Quella, Núria - 2013
In this paper we analyze a mechanism that is particularly relevant to the workings of the Great Recession: we explain how easier home financing and higher homeownership rates increase unemployment rates. To this purpose we build a model of job search with liquid wealth accumulation and...
Persistent link: https://www.econbiz.de/10010222189
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The (in)validity of the Ricardian equivalence theorem : findings from a representative German population survey
Hayo, Bernd; Neumeier, Florian - 2016 - This version: 29 February 2016
In this paper, we utilise data from a German population survey to test the validity of the Ricardian equivalence theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving behaviour in response to the significant increase in...
Persistent link: https://www.econbiz.de/10011433976
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Savings in Central Eastern Europe
Schrooten, Mechthild; Stephan, Sabine - 2001
The paper seeks to add to the existing literature on aggregate and private savings by focusing on transition economies …, aggregate and private savings are driven by almost the same forces - this is the central focus of the paper. The most important …
Persistent link: https://www.econbiz.de/10011434227
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Private savings in Eastern European EU-accession countries : evidence from a dynamic panel data model
Schrooten, Mechthild; Stephan, Sabine - 2003
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
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Leisure and housing consumption after retirement : new evidence on the life-cycle hypothesis
Schreiber, Sven; Beblo, Miriam - 2016 - This version: May 2016
We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions such as those around retirement should not affect consumption. However, we first recall that given higher leisure endowments after retirement, the theory does predict a fall of...
Persistent link: https://www.econbiz.de/10011485846
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Leisure and housing consumption after retirement : new evidence on the life-cycle hypothesis
Schreiber, Sven; Beblo, Miriam - 2016
We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions such as those around retirement should not affect consumption. However, we first recall that given higher leisure endowments after retirement, the theory does predict a fall of...
Persistent link: https://www.econbiz.de/10011455042
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Stock market wealth, private saving, and the current account in the United States : should we worry?
Strauß, Hubert - 1999
The paper investigates by means of cointegration analysis whether the recently observed low levels of private saving and the current account balance in the United States are worrisome in the sense that they cannot be sufficiently explained by determinants which performed well in the past. Stock...
Persistent link: https://www.econbiz.de/10011475984
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Inequality and the life cycle
Kaplan, Greg - In: Quantitative economics : QE ; journal of the … 3 (2012) 3, pp. 471-525
I structurally estimate an incomplete markets life-cycle model with endogenous labor supply using data on the joint distribution of wages, hours, and consumption. The model is successful at matching the evolution of both the first and second moments of the data over the life cycle. The key...
Persistent link: https://www.econbiz.de/10011756849
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Economic liberalization and savings rates
Mansori, Kashif S. - 2001
, capital controls, and other government distortions of international transactions, may reduce private savings rates. A two … that there is a significant and robust relationship between economic liberalization and lower rates of savings. One … implication is that at least part of the decline in savings rates in some countries over the past two decades may be explained by …
Persistent link: https://www.econbiz.de/10011397942