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Budget deficits, stochastic population size and consumption
Becker, Torbjörn - 1995
Persistent link: https://www.econbiz.de/10000920355
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Budget Deficits, Stochastic Population Size and Consumption
Becker, Torbjörn - Economics Institute for Research (SIR), … - 1995
income, and induces precautionary savings. …
Persistent link: https://www.econbiz.de/10005649392
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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
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The Relationship between Public and Private Saving in Spain : Does Ricardian Equivalence Hold?
Castro, Francisco de - 2009
This paper aims to test the validity of the Ricardian proposition for the Spanish economy from three different approaches: a) by testing its theoretical implications on the stability of national saving and the relationship between fiscal and current account balances, b) by carrying a number of...
Persistent link: https://www.econbiz.de/10013155753
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Life-Cycles, Dynasties, Saving : Implications for Closed and Small, Open Economies
Faruqee, Hamid - 2006
This paper examines the macroeconomic implications of life-cycle and dynastic saving behavior for closed and small, open economies. Using an extended version of Blanchard`s overlapping agents model, the analytical framework nests these two competing views, treating agents as either dynastic...
Persistent link: https://www.econbiz.de/10012782730
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New Evidence on the Private Saving Offset and Ricardian Equivalence
Röhn, Oliver - 2010
The ability of discretionary fiscal policy to affect economic activity following shocks depends on how private agents react. This paper re-investigates the extent of possible offsetting private saving behaviour to fiscal policy changes. The results suggest that the private saving offset is...
Persistent link: https://www.econbiz.de/10012444625
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Is the selfish life-cycle model more applicable in Japan and, if so, why? : a literature survey
Horioka, Charles - 2020
The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...
Persistent link: https://www.econbiz.de/10012291218
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The (in)validity of the Ricardian equivalence theorem : findings from a representative German population survey
Hayo, Bernd; Neumeier, Florian - 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/10011574144
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New Evidence on the Private Saving Offset and Ricardian Equivalence
Roehn, Oliver - 2010
The ability of discretionary fiscal policy to affect economic activity following shocks depends on how private agents react. This paper re-investigates the extent of possible offsetting private saving behaviour to fiscal policy changes. The results suggest that the private saving offset is...
Persistent link: https://www.econbiz.de/10013142980
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Budget Deficits, Tax Risk and Consumption
Becker, Torbjorn - 1998
the case of lump-sum taxes, it is sufficient to assume that individuals have a precautionary savings motive to obtain the … iso-elastic utility function, the standard analysis of capital income risk predicts (precautionary) savings to increase … precautionary savings in response to the greater risk implied by a budget deficit. The results in the paper are consistent with …
Persistent link: https://www.econbiz.de/10014109632