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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 … their children than other peoples, suggesting that the alleged social norm of strong family ties in Japan is largely a myth …
Persistent link: https://www.econbiz.de/10011478422
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 … their children than other peoples, suggesting that the alleged social norm of strong family ties in Japan is largely a myth …
Persistent link: https://www.econbiz.de/10012990042
We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...
Persistent link: https://www.econbiz.de/10011891939
We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...
Persistent link: https://www.econbiz.de/10012156487
This paper examines the substitution between pension wealth and household saving by studying Norway's 2011 pension reform. The analysis identifies the effect of reductions in social security pension generosity on household saving using cohort, time and sector variation in pension wealth induced...
Persistent link: https://www.econbiz.de/10013370964
effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was … the number of future contributors. That is one of the reasons why, in Germany as elsewhere, pay-as-you-go pension systems …
Persistent link: https://www.econbiz.de/10013321181
of the two) in Germany. Further, we investigate age‐wealth‐profiles and differences between East and West Germany. …
Persistent link: https://www.econbiz.de/10011509132
Providing a decent living standard and preventing old-age poverty are the two major challenges of pension insurance schemes. Replacement rates below the poverty line despite many years of contribution represent a major challenge for public pension schemes with respect to the systems 'raison...
Persistent link: https://www.econbiz.de/10012863219
We relate household saving to pension reform, to explain the high household saving rates in urban China from a new perspective. We use the exogenous policy induced variation in pension wealth to explicitly estimate the impact of pension wealth on household saving, and obtain a significant offset...
Persistent link: https://www.econbiz.de/10003826464
We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...
Persistent link: https://www.econbiz.de/10012842350