effect on investment, and a (fairly) small significant negative effect on domestic savings. The aggregate result is thus an … domestic savings. We conclude that in Asia and Latin America, aid is a substitute to domestic savings, but has a net positive …

in opposing forces on savings: mortality increases, which reduces savings, and long-term illness risk increases, which … enhances savings. We use a two period life-cycle model with uncertain lifetime including perceived HIV contamination risk to … illustrate both the opposing effects of the HIV epidemic on individual savings and test the predictions of our model with data …

.S. itself, predicts current account surpluses in the RoW and U.S. deficits. With Loss Aversion, such precautionary savings can … may be negative). Low interest rates and high savings outside the U.S. appear to be an efficient global equilibrium: but … is this sustainable? A precautionary savings glut appears to us to be a temporary phenomenon, destined for correction as …

savings, consumption, and bequests? Answering this question requires separating precautionary savings, bequest motives, and … the desire to remain in one's home. I develop and estimate a structural model of retirement savings decisions with …

productivities, and savings. We estimate our models using the FE, GMM estimators, and long difference OLS and IV estimation through …

productivities, and savings. We estimate our models using the FE, GMM estimators, and long difference OLS and IV estimation through …

relationship. The growth indicators utilized are GDP per capita, schooling, overall and manufacturing productivities, and savings …

, which mitigates their precautionary savings motive and aggregate demand falls by less. Using a quantitative model analysis …

more at the zero lower bound than it does during normal times. Central to this result is a precautionary savings channel …. By stimulating labor demand, hiring subsidies reduce unemployment risk and precautionary savings. This increases the …