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argue that working citizens would benefit by having their pension funds accumulating in individual pension savings accounts … for three reasons. First, citizens would have a clear picture of the accumulation of their own pension savings throughout … member states should not allow individual pension savings accounts. This approach, as an alternative to forcing workers to …
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Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the...
Persistent link: https://www.econbiz.de/10011440820
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mobility in the sense of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the saving capacity of an economy in the Eurozone. It is the aim of this paper to assess...
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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
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