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We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal self acts in a way that they would like every future self to act. We introduce the notion of a Kantian policy as an outcome of Kantian optimization in a given class of policies. We...
Persistent link: https://www.econbiz.de/10013255890
We analyse how money as a store of value affects the decisions of a representative household under diversifiable and non-diversifiable risks. given that the central bank successfully stabilizes the rate of inflation at a low level. Assuming exponential utility allows us to derive an explicit...
Persistent link: https://www.econbiz.de/10010426370
In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced …
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the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …
Persistent link: https://www.econbiz.de/10012195738
In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and … most important saving motive of European households when the proportion of households saving for each motive is used as the … criterion to rank them but that the retirement motive is the most important saving motive of European households if the …
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The majority of household savings are in the form of bank deposits. It is therefore of interest for credit institutions to tailor their deposit policy for getting finances from non-banking entities and to provide the private sector with the loans that are necessary for investment activities and...
Persistent link: https://www.econbiz.de/10011892923