Showing 251 - 260 of 205,469
across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …
Persistent link: https://www.econbiz.de/10012197559
A large fraction of households have very little savings buffer and are therefore vulnerable to financial shocks. This … link to a personal web page where they can start or adjust an automatic savings plan. However, analyzing detailed bank data …, we find no treatment effect on actual savings, neither in the short run nor in the long run. Our null findings are quite …
Persistent link: https://www.econbiz.de/10012433886
households, focusing on the dramatic change of the household savings behavior since 1998, from high to low savings. Existing …This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese … connected to monetary policy. It finds that monetary policy has had a significant impact on Japan's household behavior via three …
Persistent link: https://www.econbiz.de/10011992802
In this paper, we build a heterogeneous agents-dynamic general equilibrium model wherein saving constraints interact with credit constraints. Saving constraints in the form of fixed costs to use the financial system lead households to seek informal saving instruments (cash) and result in lower...
Persistent link: https://www.econbiz.de/10011656466
paper examines if there is a wealth effect of house prices on savings using household-level longitudinal data from the …Housing property is the most important position in a household's wealth portfolio. Even though there is strong evidence … savings in response to unanticipated house price shocks, whereas old households only hardly respond to house price changes. We …
Persistent link: https://www.econbiz.de/10011473623
English Longitudinal Study of Aging, an optimal level of wealth is calculated for each household. This is then compared to the …
Persistent link: https://www.econbiz.de/10012997360
I show that an expansion of student loan supply affects parents' saving decisions and portfolio allocation. By exploiting policy-induced variation on expected student aid, I find a 2.2 pp increase in the parental saving rate, from 4.9% to 6.1%. The mechanism that drives this result is the...
Persistent link: https://www.econbiz.de/10012846808
We examine the household consumption response to fluctuations in income and uncertainty, exploiting a large panel …, both household-specific income uncertainty and local labor market uncertainty depress consumption spending. We also find …
Persistent link: https://www.econbiz.de/10012847991
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
The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...
Persistent link: https://www.econbiz.de/10014202213