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The (in)validity of the Ricardian equivalence theorem : findings from a representative German population survey

Hayo, Bernd; Neumeier, Florian - 2016 - This version: 29 February 2016

In this paper, we utilise data from a German population survey to test the validity of the Ricardian equivalence theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving behaviour in response to the significant increase in...

Persistent link: https://www.econbiz.de/10011433976

Buffer-stock saving and households' response to income shocks

Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2016

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information contained in the joint dynamics of income,...

Persistent link: https://www.econbiz.de/10011551036

Intertemporal consumption and debt aversion : an experimental study ; conference paper

Meissner, Thomas - 2014

whether subjects treat debt differently than savings. Two treatments create environments where either saving or borrowing is …

Persistent link: https://www.econbiz.de/10010487750

Saving on a rainy day, borrowing for a rainy day

Alan, Sule; Crossley, Thomas F.; Low, Hamish - 2012

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of … constraints ; savings ; recessions ; uncertainty …

Persistent link: https://www.econbiz.de/10009537319

Unemployment and portfolio choice : does persistence matter?

Bremus, Franziska M.; Kuzin, Vladimir - 2011 - This version: October 13, 2011

Households can rely on private savings or on public unemployment insurance to hedge against the risk of becoming … ; precautionary savings …

Persistent link: https://www.econbiz.de/10009515596

Are the Japanese unique? : evidence from household saving and bequest behavior

Horioka, Charles - 2016

In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that Japan's household saving rate showed great volatility,...

Persistent link: https://www.econbiz.de/10011478422

Unemployment and portfolio choice : does persistence matter?

Kuzin, Vladimir; Bremus, Franziska - 2010

We use a life-cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...

Persistent link: https://www.econbiz.de/10011389307

Aggregate savings when individual income varies

Flodén, Martin (contributor) - 2005 - [Elektronische Ressource]

This paper examines aggregate savings in a general equilibrium model where infinitely lived households face volatile … when income is constant. This additional capital accumulation has sometimes been interpreted as precautionary savings, but … I demonstrate that it is mostly generated by permanent-income motives. -- equilibrium interest rate ; aggregate savings …

Persistent link: https://www.econbiz.de/10002679474

Getting to the Top of Mind : How Reminders Increase Saving

Karlan, Dean S. - 2010

expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …

Persistent link: https://www.econbiz.de/10013139657

Portfolio Choice and Precautionary Savings

Calcagno, Riccardo - 2011

We study the effect on savings of an increase in the capital risk of the investment opportunities when the … individuals with high risk-aversion and time-separable, power utility increase their optimal savings when capital risk increases …

Persistent link: https://www.econbiz.de/10013122523