Showing 1 - 10 of 21
"hump" savings. A major difference between this study and previous investigations of this issue is the use of more accurate … savings. This paper suggests the importance of and need for substantially greater research and data collection on … intergenerational transfers. fife-cycle models of savings that emphasize savings for retirement as the dominant form of apical …
Persistent link: https://www.econbiz.de/10012478700
This note demonstrates that Bennett McCallum's recent critique of low frequency estimates of macro-economic relationships is of little empirical significance. It also demonstrates that readily available and frequently used techniques can be used to diagnose the problem McCallum raises. Finally,...
Persistent link: https://www.econbiz.de/10012477640
In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain the choices individuals make when faced with risky prospects. To make this assessment, we use experimental evidence for two random samples of young adults. Using a robust,...
Persistent link: https://www.econbiz.de/10012476345
This paper re-examines the relationship between population aging and economic growth. We confirm previous research such as Cutler, Poterba, Sheiner, and Summers (1990) and Acemoglu and Restrepo (2017) that show positive correlation between measures of population aging and per-capita output...
Persistent link: https://www.econbiz.de/10012480557
Compared to the U.S. national accounts, the Japanese accounts understate consumption and government spending, and therefore overstate the national saving rate. Recently, Hayashi has recalculated Japan's national saving according to the American Department of Commerce definition and found that...
Persistent link: https://www.econbiz.de/10012475321
the last five years cast significant doubt on the proposition that the timing of taxes does not affect national savings …
Persistent link: https://www.econbiz.de/10012476925
transfers for U.S. savings. Modigliani's paper is the latest salvo in a long running debate over the importance of … intergenerational transfers in explaining savings behavior. While Modigliani corrects an algebraic error of minor consequences in our …
Persistent link: https://www.econbiz.de/10012477249
investment. A major effect of increased savings would be to reduce capital inflows and improve American competitiveness …This paper reviews a number of issues relating to the policy goal of increasing national savings. The first section … considers the measurement and definition of national savings. Comparisons of current US savings rates with those of other …
Persistent link: https://www.econbiz.de/10012477370
This paper reviews theoretical argumrents and empirical evidence regarding the interest elasticity of savings. It … savings. Moreover, the empirical rrethods used in most previous studies are likely to produce underestimates of the … interestelasticity of savings. New evidence based on direct estimation of utility function parameters suggests that savings are likely to …
Persistent link: https://www.econbiz.de/10012477741
. Theoretical analysis using a variety of standard models tends to suggest that the aggregate response to savings incentives is … response of savings to changes in the rate of return …
Persistent link: https://www.econbiz.de/10012478110