countries differ in their population growth and mortality risk. Besides exploring the implications of demographics for saving … transfer schemes tend to have lower saving and more capital inflows over the long-run, this effect may be dampened by natural …

‘buffer stock’ model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the … saving rate’s long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business …We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent …

incorporate the effects of macroeconomic uncertainty on private savings behavior. It is shown that the greater the uncertainty in …

We study the effects of permanent and temporary income shocks on precautionary saving and investment in a ""store …-or-sow"" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low … shocks leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks …

'buffer stock' model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the …We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent … uncertainty. An estimated structural version of the model suggests that increased credit availability accounts for …

younger households are consistent with rising income uncertainty and higher saving rates among older households are consistent …China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U …-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese …

Japan faces the problem of how to finance retirement, health, and long-term care expenditures as the population ages …

This paper studies the effect of demographic change on national saving, global interest rates, and international … private and public saving behavior. We then extend this framework to a two-country setting and simulate scenarios of …