This paper analyzes the impact of the age structure of the population on the household saving rate using time-series data for Japan for the 1955-2019 period. It finds that there is a cointegrating relationship between Japan's household saving rate and her dependency ratio (the ratio of the...

This review offers a critical and comprehensive reassessment of the energy-growth nexus (EGN) literature, shedding new light on the intricate and evolving relationship between energy consumption (EC) and economic growth (EG). While energy is widely recognized as a key driver of sustainable...

This paper studies household consumption behavior when saving motives differ due to preference or income risk heterogeneity. I show that self-insurance operates along two margins: a standard liquidity margin determined by the level of current resources and an intertemporal margin governed by...