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, capital controls, and other government distortions of international transactions, may reduce private savings rates. A two … that there is a significant and robust relationship between economic liberalization and lower rates of savings. One … implication is that at least part of the decline in savings rates in some countries over the past two decades may be explained by …
Persistent link: https://www.econbiz.de/10011397942
-income households were slightly more affected than others due to their consumption patterns. The savings rate also depends on employment …
Persistent link: https://www.econbiz.de/10011812714
is a significant and robust relationship between economic liberalization and lower rates of savings. One implication is … that at least part of the decline in savings rates in some countries over the past two decades may be explained by the …
Persistent link: https://www.econbiz.de/10014460954
A number of economists argue that household deleveraging can exert a significant drag on the economic recovery by weighing on consumption. Using a sample of OECD countries, this paper finds evidence of a negative relationship between household saving rates and changes in debt-to-income ratios....
Persistent link: https://www.econbiz.de/10013034205
Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship...
Persistent link: https://www.econbiz.de/10013306732
Over the last three decades, average income for the bottom half of the US distribution increased by 8% while their average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in inequality and a continuous decrease in the aggregate...
Persistent link: https://www.econbiz.de/10009681548
Over the last three decades, average income for the bottom half of the US distribution increased by 8% while their average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in inequality and a continuous decrease in the aggregate...
Persistent link: https://www.econbiz.de/10013088975
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
savings and tax revenue data from a sample of OECD countries, it provides compelling empirical evidence of a powerful impact … of taxes on household savings. In particular, income taxes are shown to affect negatively the household saving rate much …
Persistent link: https://www.econbiz.de/10013082107
The design of pension schemes is crucial in determining savings behavior. The impact of pension schemes on saving rates … between saving patterns and pension wealth. This paper investigates the effect of the private pension contributions on savings … distribution. According to the results, the savings rate is negatively associated with private pensions at all quantile levels. The …
Persistent link: https://www.econbiz.de/10014281529