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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 path of a country's saving rate …, implies transitional dynamics of the saving rate that accords well with empirical evidence. This holds true even in a growth …
Persistent link: https://www.econbiz.de/10013084502
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 path of a country’s saving rate …, implies transitional dynamics of the saving rate that accords well with empirical evidence. This holds true even in a growth …
Persistent link: https://www.econbiz.de/10014157373
optimized”, even if they do not engage in any formal planning. We test this empirically in the domain of retirement saving using …
Persistent link: https://www.econbiz.de/10013156332
Large variations in retirement wealth are common, with some households accumulating hundreds of thousands of dollars and others accumulating next to nothing. We examine to what extent formal planning or simple rules of thumb contribute to these differences in wealth accumulation. In particular,...
Persistent link: https://www.econbiz.de/10013142149
Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that … by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that …
Persistent link: https://www.econbiz.de/10011478422
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 …-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged …
Persistent link: https://www.econbiz.de/10012987329
Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that … by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that …
Persistent link: https://www.econbiz.de/10012990042
This paper estimates a household saving rate equation for India and the Republic of Korea using long-term time series … data for the 1975–2010 period, focusing in particular on the impact of the premarital sex ratio on the household saving … to females) has a significant impact on the household saving rate in both India and the Republic of Korea, even after …
Persistent link: https://www.econbiz.de/10012980861
We examine household saving in the context of a prescriptive model. Using Survey of Consumer Finances data sets in the … accuracy of reporting by the respondent. Young households are more likely to report saving than older households. Black … households are less likely to report saving than white households. Single female households are less likely to report saving than …
Persistent link: https://www.econbiz.de/10014209816
Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data …
Persistent link: https://www.econbiz.de/10012213993