This paper provides detailed empirical evidence on the saving behavior of Irish households using micro data from the 1994/95 and 1999/2000 Household Budget Surveys. I employ synthetic cohort techniques to characterize the life cycle profile of saving rates and to examine the response of...

This paper examines the role increasing personal wealth and home equity withdrawal (HEW) have had in the decline in the personal saving rate in the United States. It does so by comparing the U.S. experience with those of Australia, Canada, and the United Kingdom. Mortgage market liberalization...

Based on the statement relating to the natural economic individual behavior we suggest that expenditures should be adequate to adjusted earnings. In spite of this fact we believe that some fluctuations are available because of changing in discrete individual behavior. In this research, however,...

Based on the statement relating to the natural economic individual behavior we suggest that expenditures should be adequate to adjusted earnings. In spite of this fact we believe that some fluctuations are available because of changing in discrete individual behavior. In this research, however,...

This Selected Issues paper estimates the optimal allocation of government current spending, precautionary saving, and investment for Kuwait under uncertainty. The results show that in the face of high oil income volatility and the expected decline in oil prices, projected current spending...