Narrow search
Showing 1 - 10 of 119,796
Cover Image
Theoretical foundations of buffer stock saving
Carroll, Chris - 2011
"Buffer-stock" models of saving are now standard in the consumption literature. This paper builds theoretical foundations for rigorous understanding of the main features of such models, including the existence of a target wealth ratio and the proposition that aggregate consumption growth equals...
Persistent link: https://www.econbiz.de/10009236804
Cover Image
Saving on a rainy day, borrowing for a rainy day
Alan, Sule; Crossley, Thomas F.; Low, Hamish - 2012
-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tightening of …
Persistent link: https://www.econbiz.de/10009530241
Cover Image
Retirement sorted? : the adequacy and optimality of wealth among the near-retired
Crawford, Rowena; O'Dea, Cormac - 2014
Much of the focus of the UK pensions policy debate over the past decade has been on the adequacy (or otherwise) of private retirement saving. In this paper, we present the first assessment of the optimality of the retirement resources of English couple households born in the 1940s. Here,...
Persistent link: https://www.econbiz.de/10010402537
Cover Image
Unemployment and portfolio choice : does persistence matter?
Kuzin, Vladimir; Bremus, Franziska M. - 2010
persistence. -- Precautionary savings ; unemployment insurance ; long-term unemployment ; income uncertainty …
Persistent link: https://www.econbiz.de/10003934763
Cover Image
Getting to the top of mind : how reminders increase saving
Karlan, Dean; McConnell, Margaret Mary; Mullainathan, … - 2010
expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings … account holders. -- Intertemporal consumer choice ; savings ; attention …
Persistent link: https://www.econbiz.de/10008658481
Cover Image
Rules of thumb in life-cycle saving decisions
Winter, Joachim; Schlafmann, Kathrin; Rodepeter, Ralf - 2011
We analyse life-cycle saving decisions when households use simple heuristics, or rules of thumb, rather than solve the underlying intertemporal optimization problem. We simulate life-cycle saving decisions using three simple rules and compute utility losses relative to the solution of the...
Persistent link: https://www.econbiz.de/10009375746
Cover Image
The time path of the saving rate : hyperbolic discounting and short-term planning
Farzin, Yeganeh Hossein; Wendner, Ronald - 2014
The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate, when reasonably calibrated. Ample empirical evidence, however, shows that the transition paths of most countries' saving rates exhibit a statistically significant hump-shaped...
Persistent link: https://www.econbiz.de/10010373737
Cover Image
The (in)validity of the Ricardian equivalence theorem : findings from a representative German population survey
Hayo, Bernd; Neumeier, Florian - 2016 - This version: 29 February 2016
In this paper, we utilise data from a German population survey to test the validity of the Ricardian equivalence theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving behaviour in response to the significant increase in...
Persistent link: https://www.econbiz.de/10011433976
Cover Image
Buffer-stock saving and households' response to income shocks
Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2016
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information contained in the joint dynamics of income,...
Persistent link: https://www.econbiz.de/10011551036
Cover Image
Saving on a rainy day, borrowing for a rainy day
Alan, Sule; Crossley, Thomas F.; Low, Hamish - 2012
-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of … constraints ; savings ; recessions ; uncertainty …
Persistent link: https://www.econbiz.de/10009537319