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Nikiforos, Michalis - 2015

We present a model where the saving rate of the household sector, especially households at the bottom of the income distribution, becomes the endogenous variable that adjusts in order for full employment to be maintained over time. An increase in income inequality and the current account deficit...

Persistent link: https://www.econbiz.de/10013018497

Wealth, Pensions, Debt, and Savings : Considerations for a Panel Survey

Bucks, Brian - 2015

Several U.S. panel surveys measure household wealth. At the same time, many important questions about household wealth accumulation remain somewhat unresolved. We consider whether measurement error on the existing suite of longitudinal surveys hinders their usefulness for addressing these...

Persistent link: https://www.econbiz.de/10013023807

Precautionary Savings and the Self-Employed : Does Uncertainty Magnitude Matter?

Rossi, Maria Christina - 2016

Precautionary savings have often been analyzed with regard to its impact on current savings. This work focuses instead … on the impact of uncertainty on savings under bequest form. We thus turn the focus on estimating whether and to what … extent income variability does have an effect on post-mortem savings. We approximate the post-mortem savings with the closest …

Persistent link: https://www.econbiz.de/10012984956

Optimal Savings for Retirement : The Role of Individual Accounts and Disaster Expectations

Le Blanc, Julia - 2016

' savings for retirement. We consider voluntary accounts as opposed to mandatory accounts with minimum contribution rates. We …

Persistent link: https://www.econbiz.de/10012991008

Saving and Investment in US Economic Growth

Sy, Wilson N. - 2014

Key economic concepts of saving and investment are defined and discussed in this paper. It is shown that the equation “saving=investment” is a fundamental fallacy of macroeconomics due to a confusion between real and financial variables, and also between stock and flow variables. Economic...

Persistent link: https://www.econbiz.de/10013043655

Revisiting Precautionary Saving Under Ambiguity

Peter, Richard - 2018

I study the consumption-saving problem with non-separable utility under ambiguity. Using smooth ambiguity aversion, I show that the introduction of ambiguity and greater ambiguity aversion raise optimal saving. When relative prudence in ambiguity preferences is bounded by 2, also greater...

Persistent link: https://www.econbiz.de/10012916994

Can Consumers Distinguish Persistent from Transitory Income Shocks?

Druedahl, Jeppe - 2018

We study whether households can distinguish persistent from transitory income shocks, and the implications for consumption-saving behavior. We construct a novel consumption-saving model where the household must infer the persistent component of its income process from actual income realizations...

Persistent link: https://www.econbiz.de/10012928282

Against Savings : A Suggested Exposition of the Markets for Money and Credit

Harwick, Cameron - 2018

The notion of savings in economics has a variety of mutually incompatible meanings. This paper goes through various … funds with “savings”, and 2) explicitly connects the banking sector to the supply of money with something more theoretically …

Persistent link: https://www.econbiz.de/10012933125

Short-time work and precautionary savings

Dengler, Thomas; Gehrke, Britta - 2021

, which mitigates their precautionary savings motive and aggregate demand falls by less. Using a quantitative model analysis …

Persistent link: https://www.econbiz.de/10012517675

Overreaction to Capital Taxation in Saving Decisions

Lu, Kelin - 2021

This paper studies the response of saving decisions to two alternative capital taxation, i.e., wealth tax and capital income tax. I conduct a "life-cycle" experiment on Amazon Mturk, where subjects make dynamic saving decisions. Subjects exhibit an overreaction to the wealth tax, not to the...

Persistent link: https://www.econbiz.de/10013220172