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Household Panel which I complement with geographic and socio-economic data. I show that low- and middle-income households …
Persistent link: https://www.econbiz.de/10011656184
Home ownership is widely stimulated by policy yet its effects are poorly understood. Exploiting privatization decisions of municipally-owned apartment buildings, we obtain random variation in home ownership for otherwise similar buildings with similar tenants. Granular data on demographics,...
Persistent link: https://www.econbiz.de/10012969184
the household, their education, occupation, the type of the family and residence. About 399 homogeneous groups were … of the household had a significant influence on the ranks given by the household while residence type had no influence on … the ranks given by the household …
Persistent link: https://www.econbiz.de/10012889880
hitherto been boosted by historically high levels of household debt-financing. These events question the validity of … Keynesian relative income hypothesis, which claims that current income, its distribution, household borrowing, and household …
Persistent link: https://www.econbiz.de/10013104453
How households draw down the balances that they accumulate in retirement saving accounts such as 401(k) plans and Individual Retirement Accounts can have an important effect on the contribution of these accounts to retirement income security. This paper presents evidence on the pattern of...
Persistent link: https://www.econbiz.de/10013128538
Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that …
Persistent link: https://www.econbiz.de/10011478422
better retirement planning. However, relatively little is known about the decision making process for retirement savings … more highly correlated with household wealth, particularly real estate, than the financial literacy of individual members …
Persistent link: https://www.econbiz.de/10011986020
households. Using data from the Bank of Italy's Survey on Household Income and Wealth covering the financial crisis, we are able … separately. We find that Italian households were able to smooth on average about 85% of shocks to household head's earnings in … both 2008-2010 and 2010-2012 spells. The most important smoothing mechanisms turn out to be self‐insurance through savings …
Persistent link: https://www.econbiz.de/10012316210
Eligibility and benefits for anti-poverty income transfers in the U.S. are based on both the means and the household … children. In our model workers face uninsurable idiosyncratic risks and make decisions on savings, labor supply, living … mothers, providing incentives to cohabit. We also find quantitatively important effects on savings, and on the labor supply of …
Persistent link: https://www.econbiz.de/10012264849
In this paper, we analyze the determinants of the domestic saving rate in developing Asia during 1966-2007 and find that the main determinants appear to be the aged dependency ratio, income levels, and level of financial development. We project future trends in domestic saving rates in...
Persistent link: https://www.econbiz.de/10013135315