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This paper compares the predictions of three different saving models with respect to the impact of projected U.S. demographic change on future U.S. saving rates. The three models are the life cycle model, the infinite horizon altruism model, and a reduced form econometric model. The findings for...
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and into family formation would have caused marked swings in patterns of aggregate consumption and savings in the United … population by single year of age from 0 to 85, revealing the expected pattern of life cycle consumption and savings in the adult … strong savings component. The pattern, which emerges for children in all periods, is strongly U-shaped, with the highest …
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governments or market institutions provide the services. Sweden and the United States are on opposite ends of this spectrum. After … compare the development of the social welfare institutions in the U.S. and Sweden in the 20th century …
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