to save and the willingness to save. The capacity to save depends primarily on the level of per capita income (but non …-linearly) and the growth of income (the life cycle hypothesis), and the empirics strongly support these hypotheses. The willingness … ratio of tax revenue to GDP and the domestic savings ratio. …

the same: per capita income, income growth, and domestic credit to the private sector are associated with increases in …

savings and the variables considered, estimates from the short-run analysis suggest that per capita income and money supply …

considerable fluctuations over time. The empirical results show that in the long run, per capita income, public saving, and the … increases in per capita income, real deposit rate, and broad money positively influence savings, while inflation has a negative …

from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income …

persistence. -- Precautionary savings ; unemployment insurance ; long-term unemployment ; income uncertainty …

This paper empirically investigates the effects of changes in the interest rate as well as transitory income … significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …. -- Consumption-savings decision ; interest rate elasticity of savings ; income uncertainty …

analyze the determinants of private saving in both country groups. Main results are: saving rates are persistent; income … substitutes. Long-run effects of income growth and public saving are larger in the EU than in the candidate countries, indicating …

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions …-cycle theory. For retirees we also find significant effects of the income reduction at retirement on housing. However, the effects …