Showing 1 - 10 of 7,466
We explore income and consumption smoothing patterns among European Community (EC) countries and among OECD countries during the period 1966--90. We find that, for OECD as well as for EC countries, about 40 percent of shocks to GDP are smoothed at the one year frequency, with about half the...
Persistent link: https://www.econbiz.de/10014070630
Persistent link: https://www.econbiz.de/10001335684
Persistent link: https://www.econbiz.de/10013551527
Persistent link: https://www.econbiz.de/10000430887
Persistent link: https://www.econbiz.de/10001283987
Persistent link: https://www.econbiz.de/10001297536
This paper examines the interaction between altruism towards offspring and precautionary savings. It investigates … whether increased uncertainty in children labor income fosters savings of parents. We first construct a two-periods and two …-generations model, to underline which are the mechanisms behind the intergenerational precautionary motive for savings. Second, we …
Persistent link: https://www.econbiz.de/10012870905
Persistent link: https://www.econbiz.de/10013424936
Persistent link: https://www.econbiz.de/10013485712
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment correlations for industrial countries in the post-war period. The focus of the enquiry is on differences observed between EMS and non-EMS countries. It is seen that the EMS countries...
Persistent link: https://www.econbiz.de/10014396141