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We study how consumer spending responds to digital payments, using the differential switch to digital payments across consumers induced by the sudden 2016 Indian Demonetization for identification. Usage of digital payments rose by 3.38 percentage points and monthly spending increased by 3% for...
Persistent link: https://www.econbiz.de/10014095542
This paper uses the standard one-sector neoclassical growth model to investigate why China’s consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that the price of capital may have been significantly...
Persistent link: https://www.econbiz.de/10003758478
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged … and youth dependency ratios and income. It has a negative impact in India, where the bride's side has to pay substantial …
Persistent link: https://www.econbiz.de/10011497711
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged … and youth dependency ratios and income. It has a negative impact in India, where the bride's side has to pay substantial …
Persistent link: https://www.econbiz.de/10012987329
To incentivize households to increase private savings, the Indian government implemented in July 2014 a new tax-subsidized saving policy that largely incentivizes homeowners by allowing them to exempt an additional 50,000 INR ($833) of the mortgage principal and interest payments from taxable...
Persistent link: https://www.econbiz.de/10012933146
This paper estimates a household saving rate equation for India and the Republic of Korea using long-term time series … to females) has a significant impact on the household saving rate in both India and the Republic of Korea, even after … controlling for the usual suspects such as the aged and youth dependency ratios and income. It has a negative impact in India …
Persistent link: https://www.econbiz.de/10012980861
stock of financial assets and liabilities. By contrast, the Reserve Bank of India, in its recent publication, is marginally … household sector reveals that India is presently facing what may be called a five balance sheet challenge - critical HBS …
Persistent link: https://www.econbiz.de/10013347462
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