-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tightening of …

bonus by the year 2030. On the basis of three mechanisms namely: labour supply, savings and human capital, the Eastern Asian …

of full deferral of income taxes on savings and full taxation of interest. Potential mobility of the old calls for lower … degrees of deferral and reduced taxation of interest. However, full immediate taxation of savings in combination with full tax …

. Improving the design and marketing of financial products has the potential to increase savings among this population. …

In recent years the aggregate savings ratio in Germany has declined. The basic causes are, above all, the rise in … and increases in the overall cost of living. Underlying the aggregate savings ratio one finds a substantial dispersion …. With rising income the savings-income ratio increases. In addition, the type of social insurance influences the level of …