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A broad set of possible determinants of private saving behavior is examined, using data for a large sample of industrial and developing countries. Both time-series and cross-section estimates are obtained. Results suggest that there is a partial offset on private saving of changes in public...
Persistent link: https://www.econbiz.de/10012781904
When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
Persistent link: https://www.econbiz.de/10014023471
Life-cycle theory predicts ageing exerting long-term macroeconomic impacts through the reduction of private savings …. However, empirical research studying macroeconomic determinants of savings generally regard age dependency as the sole measure … savings. This paper addresses this potential bias by considering the joint effects age dependency and longevity have on …
Persistent link: https://www.econbiz.de/10013138658
This paper proposes that globalization can affect household saving in the long run in a number of ways. Social … Nations, the OECD, and other sources, this paper finds evidence that household saving declines as globalization deepens …
Persistent link: https://www.econbiz.de/10012933726
A number of economists argue that household deleveraging can exert a significant drag on the economic recovery by … household saving rates and changes in debt-to-income ratios. This relationship is however asymmetric, being statistically and … adjustment in saving rates associated with household deleveraging may widely differ across countries and may be overestimated for …
Persistent link: https://www.econbiz.de/10013034205
consumption after being tested HIV positive. The paper describes different effects on aggregate savings according to different … stages of the epidemic. We show that the HIV epidemic decreases savings if especially young individuals are (perceived to be …) affected by the virus, but may increase savings if individuals perceive a sizable probability of getting infected later in life …
Persistent link: https://www.econbiz.de/10014224367
Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates … suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via …
Persistent link: https://www.econbiz.de/10013306732
the world? We use individual-level household data from the 2014 World Bank Global Findex and supplement it with …, general savings behavior, saving specifically for old age, saving for emergencies, and sources of emergency funds). Results … significant and positive impact on financial security, suggesting that these factors could play a key role in promoting savings …
Persistent link: https://www.econbiz.de/10012933265
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