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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
China's urban household saving rate has increased markedly since the mid-1990s, accompanied by a dramatic increase in … the reform increased household saving rates during the reform period (1998-2001) by shifting the cost of housing services … from the state to households. We also provide evidence that suggests that the 1998 housing reform affects household saving …
Persistent link: https://www.econbiz.de/10013295206
This paper examines the substitution between pension wealth and household saving by studying Norway's 2011 pension … reform. The analysis identifies the effect of reductions in social security pension generosity on household saving using … reform, which corresponds to a five-year increase in household saving of about 27,000 NOK. When taking into account the …
Persistent link: https://www.econbiz.de/10013370964
article uses data from the Spanish Survey of Household Finances to estimate the additional savings generated by this type of …The tax incentive enjoyed by workplace pension schemes could encourage participants to increase their total savings or …, alternatively, crowd out savings that would have materialised in other financial vehicles in the absence of this incentive. This …
Persistent link: https://www.econbiz.de/10013405812
Using representative household surveys conducted in Thailand and Vietnam during the COVID-19 pandemic, we find that the … 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
We examine household saving in the context of a prescriptive model. Using Survey of Consumer Finances data sets in the …
Persistent link: https://www.econbiz.de/10014209816
expectations. Extrapolative income expectations help explain state-dependent household debt cycles qualitatively and quantitatively …
Persistent link: https://www.econbiz.de/10014635678
timing. Using data on subjective survival expectations elicited in the Survey of Health, Ageing and Retirement in Europe …. -- stochastic mortality ; subjective survival expectations ; forecast dispersion ; savings behavior …
Persistent link: https://www.econbiz.de/10008663390
first wave of the Household Finance and Consumption Survey (HFCS) and the 2010 Survey of Consumer Finances (SCF … in Europe than in the US …
Persistent link: https://www.econbiz.de/10012832698