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Cross-country heterogeneity in intertemporal substitution

Havránek, Tomáš; Horváth, Roman; Havránková, Zuzana; … - 2013

We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … participation substitute a larger fraction of consumption intertemporally in response to changes in expected asset returns. Micro …

Persistent link: https://www.econbiz.de/10009786885

Macroeconomic disasters and forward-looking consumers : historical evidence and evidence from the Covid-19 pandemic

Pozzi, Lorenzo; Sadaba, Barbara - 2021

the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to … expectations of future income and consumption growth rates. We investigate whether these expectations suffice to explain the shifts … in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more …

Persistent link: https://www.econbiz.de/10012511037

Explaining differences in the domestic savings ratio across countries : a panel data study

Hussein, Khaled A.; Thirlwall, Anthony P. - 1999

Persistent link: https://www.econbiz.de/10001354108

Wealth Varying Savings, Inequality and Growth

Fishman, Arthur; Simhon, Avi - 2010

Recent studies (Galor and Zeira (1993), Banerjee and Newman (1993)) argue that, because of capital market imperfections, income inequality leads to inefficiencies which impede economic growth. By contrast, Keynes believed that since the rich save at a higher rate than the poor, income inequality...

Persistent link: https://www.econbiz.de/10014217720

Growth versus Security Choice and the Generational Difference in Preferences

Gomulka, Stanislaw - 2008

The primary purpose of the paper is to capture in a growth model the conflict of interests between the generation of the young and entrepreneurial on the one hand and the generation of the old and pensioners on the other. The model is applied to assess the size of the gap between optimal...

Persistent link: https://www.econbiz.de/10014221237

HIV/AIDS Contamination Risk, Savings and the Welfare Effects of Diagnostic Testing

Lammers, Judith; Meijdam, Lex; Verbon, Harrie - 2007

HIV. The model specifies a utility function that includes both regular consumption, and medical expenditures. Medical … consumption after being tested HIV positive. The paper describes different effects on aggregate savings according to different …

Persistent link: https://www.econbiz.de/10014224367

The Feldstein-Horioka Hypothesis in Countries with Varied Levels of Economic Development

Misztal, Piotr - 2012

This article aims to analyze the Feldstein-Horioka hypothesis, which suggests a strong correlation between investments and savings in advanced economies. Additionally, the analysis of the eldstein-Horioka hypothesis was expanded to include emerging markets and developing economies in order to...

Persistent link: https://www.econbiz.de/10014164453

Romania’s Implication in the Global Financial Cycle

Gurgu, Elena; Cociuban, Aristide Dumitru - 2016

In this article we intend to approach the global financial cycle and the international production networks, as well as Romania’s international investment position through its main components. The targets relate to: the global financial cycle and the recent experience of emerging economies,...

Persistent link: https://www.econbiz.de/10014124040

The Comfortable, the Rich, and the Super-Rich. What Really Happened to Top British Incomes During the First Half of the Twentieth Century?

Walker, James T. - 2018

We examine shifts in British income inequality and their causes between 1911 and 1949. Newly re-discovered Inland Revenue 1911 estimates and more detailed data from subsequent official income distribution enquiries are used to show that income was substantially more concentrated at the top of...

Persistent link: https://www.econbiz.de/10014110853

The Agricultural Origins of Time Preference

Galor, Oded; Özak, Ömer - 2016

This research explores the origins of observed differences in time preference across countries and regions. Exploiting a natural experiment associated with the expansion of suitable crops for cultivation in the course of the Columbian Exchange, the research establishes that pre-industrial...

Persistent link: https://www.econbiz.de/10014142835