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The marginal propensity to consume and household savings during the COVID-19 pandemic : evidence from Thailand and Vietnam

Dzung Bui; Dräger, Lena; Hayo, Bernd; Giang Hong Nghiem - 2024

the savings position plays a crucial role, as the effects are especially pronounced for households that experienced a … decline in savings. This result contradicts a prediction from the life-cycle permanent income model with borrowing constraints …

Persistent link: https://www.econbiz.de/10014485520

Which Households Think They Save?

Yuh, Yoonkyung; Hanna, Sherman D. - 2017

We examine household saving in the context of a prescriptive model. Using Survey of Consumer Finances data sets in the 1995-2004 period, 57% of households reported spending less than income. Many effects in the multivariate analysis are consistent with a prescriptive model. We discuss other...

Persistent link: https://www.econbiz.de/10014209816

Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey

Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2024

We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to rank them. For...

Persistent link: https://www.econbiz.de/10015056164

The Effect of Declining House Prices on Household Savings. A Theoretical and Empirical Study of the Dutch Case

Andreu, Eduard Suari - 2015

In this paper I analyse the effect of a decrease in house prices on the savings of households. The life cycle model … predicts that homeowners compensate an unexpected decrease in home equity by increasing their savings, and that the effect … significant effect on the savings of homeowners of the yearly price change in the second hand housing market. The effect becomes …

Persistent link: https://www.econbiz.de/10013030100

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

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

Persistent link: https://www.econbiz.de/10003168206

Transition to Old Age (Superannuation) in a 3-D, Age Based, Dynamic, Serially Connected and Annually Recalculated Retirement Distribution Model

Frank Sr, Larry R. - 2012

Past research on the topic of sustainable withdrawal rates has primarily focused on longer distribution periods which apply to younger age retirees.A structural problem with pensions, annuities, and first generation "safe withdrawal rate" is a disconnect of benefits paid (fixed or fixed with...

Persistent link: https://www.econbiz.de/10013107097

Australian Retirees' Choices between Consumption, Age Pension, Bequest and Housing

Ding, Jie - 2013

This paper develops a life-cycle utility model of the preferences of retirees, with joint consideration of bequest motive, housing decision and public pension. The model parameters are calibrated to the ABS data of Household Expenditure Survey and Survey of Income and Housing. The calibrated...

Persistent link: https://www.econbiz.de/10013083428

Spending in Retirement

Browning, Chris - 2020

Retirement savings adequacy estimates are often based on the assumption that individuals spend the same amount every … savings. We simulate safe consumption rates and compare the amount that wealthy retirees are spending to the amount they could …

Persistent link: https://www.econbiz.de/10012833141

Intergenerational Altruism and Retirement Transfers : Evidence from the Social Security Notch

Mukherjee, Anita - 2020

I contribute new evidence on altruistic preferences in intergenerational transfers using variation in Social Security benefits induced by an inflation-indexing mistake. The instrument is most relevant for those with low education, so I focus on this group. I find support for pure altruism...

Persistent link: https://www.econbiz.de/10012826687

The Evolution of Retirement Wealth

Devlin-Foltz, Sebastian - 2015

Is the current mix of tax preferences for employer-sponsored pensions and individual retirement saving in the U.S. delivering the best possible retirement-preparedness across and within generations? Using data from the triennial Survey of Consumer Finances for 1989 through 2013, cohort-based...

Persistent link: https://www.econbiz.de/10013027338