account surpluses in the emerging markets if they face higher risk than the US itself. But, with pronounced Loss Aversion in … emerging markets, their precautionary savings can generate substantial "global imbalances", especially if there is an … at a global level (though the required real interest may be negative). While a precautionary savings glut appears to be a …

gains. It is shown that one of the reason may be the global savings glut …

-observed-financial crisis. There are several theories explaining this problem in the framework of consumption theory. Inequality in income … aggregate domestic savings as a ratio of GDP and GINI coefficient as an indicator of income inequality are tested under “Second …Savings problem has become a crucial issue since it is one of the reasons of today's frequently …

This research examines the effects of earmarking money on savings by low-income consumers. In particular, the authors … test two interventions that are designed to enhance the effects of earmarking: a) using a visual reminder of the savings …. In addition, the presence of the visual reminder increases the savings rate. The authors conclude with implications for …

This paper analyses how increased offshoring impacts on labor income risk. It is therefore distinct from a large number … variability of incomes. It provides an assessment that directly connects labor income risk and offshoring trends in a panel …. Permanent income risk is defined as variance of shocks to income that do not fade out over time. Contrary to transitory short …

This paper analyzes the impact increased offshoring has on labor income risk. It is therefore distinct from a large … second moments, i.e. the variance of incomes. It provides an assessment that directly connects labor income risk and …. Permanent income risk is defined as variance of shocks to income that do not fade out over time and are assumed to be not self …