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In this chapter we review the recent literature on the effects of changing global demographic trends on consumption, factor prices and social security. We also construct an overlapping generation model with four regions of the world. The model is calibrated so that we match some basic statistics...
Persistent link: https://www.econbiz.de/10014023467
reconcile with the Chinese experience. In China, saving is a family affair. This paper constructs a model of household saving … generations of households altogether. Optimal saving is a function of the household's lifetime income, gifts and bequests, and the … consumption smoothing in China …
Persistent link: https://www.econbiz.de/10013015925
Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New Keynesian OLG model derives an unemployment equilibrium due to a negative natural rate in a three-generations credit contract framework. Besides deleveraging or rising inequality, also...
Persistent link: https://www.econbiz.de/10011575978
structural changes on the rise in household saving in China. Variations in fines across provinces on unauthorized births under … investigated in the context of household saving decisions in China …Using combined data from population censuses and Urban Household Surveys, we study the effects of demographic …
Persistent link: https://www.econbiz.de/10013096769
Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New Keynesian OLG model derives an unemployment equilibrium due to a negative natural rate in a three-generations credit contract framework. Besides deleveraging or rising inequality, also...
Persistent link: https://www.econbiz.de/10011473021
an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several …
Persistent link: https://www.econbiz.de/10012202943
hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the … literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or …
Persistent link: https://www.econbiz.de/10012195738
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
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
Persistent link: https://www.econbiz.de/10012161935