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impending demographic changes in Japan, the Federal Republic of Germany, Sweden and the United States. The simulation results …
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composition of aggregate savings. In a long-run consumption function of life cycle type, different demographic variables have a … aggregate savings, a simple simultaneous model is used, and a saving function and a house price equation are estimated. The … result even here is that age composition matters for house price and savings. This conclusion is also made visible by a …
Persistent link: https://www.econbiz.de/10011588169
composition of aggregate savings. In a long-run consumption function of life cycle type, different demographic variables have a … aggregate savings, a simple simultaneous model is used, and a saving function and a house price equation are estimated. The … result even here is that age composition matters for house prices and savings. This conclusion is also made visible by a …
Persistent link: https://www.econbiz.de/10014207891
, this will be illustrated for the cases of France, Germany, Italy, Japan, Sweden, the UK, and the US. The results are based …
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