Similar Search Results

MPCs through COVID : spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2020

MPCs were directly elicited from a representative sample of UK adults in July 2020. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic uncertainty....

Persistent link: https://www.econbiz.de/10012304942

Is the selfish life-cycle model more applicable in Japan and, if so, why? : a literature survey

Horioka, Charles - 2020

The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...

Persistent link: https://www.econbiz.de/10012291218

The impact of sex ratios before marriage on household saving in two Asian countries : the competitive saving motive revisited

Horioka, Charles; Terada Hagiwara, Akiko - 2016

This paper estimates a household saving rate equation for India and the Republic of Korea using longterm time series data for the 1975-2010 period, focusing in particular on the impact of the premarital sex ratio on the household saving rate. To summarize the main findings of the paper, it finds...

Persistent link: https://www.econbiz.de/10011579569

Consumption and savings in a low interest-rate environment

Hviid, Simon Juul; Kuchler, Andreas - 2017

This paper studies consumption and savings decisions of Danish households before and during the financial crisis as …

Persistent link: https://www.econbiz.de/10011696538

Tying Odysseus to the mast : evidence from a commitment savings product in the Philippines

Ashraf, Nava; Karlan, Dean; Yin, Wesley - 2005

We designed a commitment savings product for a Philippine bank and implemented it using a randomized control … methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who … for commitment, were indeed significantly more likely to open the commitment savings account. After twelve months, average …

Persistent link: https://www.econbiz.de/10011612543

Crowdsourcing financial information to change spending behavior

D'Acunto, Francesco; Rossi, Alberto; Weber, Michael - 2019

We document five effects of providing individuals with crowdsourced spending information about their peers (individuals with similar characteristics) through a FinTech app. First, users who spend more than their peers reduce their spending significantly, whereas users who spend less keep...

Persistent link: https://www.econbiz.de/10011982228

Household economic prudence in Thailand

Sasiwimon Warunsiri Paweenawat - 2020

The countercyclical pattern of saving in Thailand in the 1990s and 2000s challenged the prediction of permanent income theory and raised questions about household saving behaviors in the country. Using constructed pseudo-panel data sets from the Thai Household Socioeconomic Surveys from 1992 to...

Persistent link: https://www.econbiz.de/10012198435

Financial hardship and saving behaviour : Bayesian analysis of British panel data

Brown, Sarah; Ghosh, Pulak; Pareek, Bhuvanesh; Taylor, Karl - 2017

We explore whether a protective role for savings against future financial hardship exists using household level panel …

Persistent link: https://www.econbiz.de/10011709645

MPCs through COVID : spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2021

MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These...

Persistent link: https://www.econbiz.de/10012427912

MPCs through COVID: spending, saving and private transfers

Crossley, Thomas F.; Levell, Peter; Low, Hamish; … - 2020

Persistent link: https://www.econbiz.de/10012320156