uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy …-induced variation of net returns to savings is expected to have no significant effects on the level of savings. Moreover, we find …

a buffer-stock savings model and show that rising income uncertainty and pension reforms lead younger and older … household savings rate and the U-shaped age-profile of savings. -- China ; household savings ; income uncertainty ; pension … reforms ; buffer-stock savings …

countries. Savings rates of private households have increased during the crisis. In order to reduce them various alternatives … reductions of working time could be effective in this respect. Thirdly, incentives for upper income households to expand … investment expenditures and cut back their savings. Fourthly, a redistribution of wealth and income: This strategy leads to a …

literature. Our findings can also be interpreted in the context of the secular decline in the US personal savings rate before the …

The aim of this paper is to analyze the cause and effect relationship between economic growth and savings in advanced … the existence of one-way casual relationship between gross domestic savings and gross domestic product in the case of … relationship between gross domestic product and gross domestic savings both in developed economies and developing and transition …

' savings for retirement. We consider voluntary accounts as opposed to mandatory accounts with minimum contribution rates. We …

, capital controls, and other government distortions of international transactions, may reduce private savings rates. A two … that there is a significant and robust relationship between economic liberalization and lower rates of savings. One … implication is that at least part of the decline in savings rates in some countries over the past two decades may be explained by …

lifetime earnings. This reform entails substantial losses for future generations of public employees, in the range of €20 … lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …