Showing 1 - 10 of 292
Annuity premiums are often assumed to be constant, although they can be expected to vary with the yield curve. Variations in premiums will become an important public policy issue as defined-contribution (DC) pension plans play an increasingly prominent role in providing retirement income. As DC...
Persistent link: https://www.econbiz.de/10014404146
share of assets held in the form of pension savings, at the expense of saving in the form of housing equity. Some evidence … also was found to suggest that the tax treatment of pension savings similarly affected the flow of saving. In particular …
Persistent link: https://www.econbiz.de/10014398152
Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship...
Persistent link: https://www.econbiz.de/10012796301
Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings … savings and growth rates to fall. Therefore, for countries with scarce mortgage availability like those in the Middle East …, expanding the mortgage markets to some extent is conducive to savings and growth …
Persistent link: https://www.econbiz.de/10014403815
the elderly. This study suggests that these demographic trends may lead to a decline in the G-7 private savings rate after …
Persistent link: https://www.econbiz.de/10014396157
Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where countries differ in their population growth and...
Persistent link: https://www.econbiz.de/10011978549
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10011978553
With growing academic and policy interest in research and development (R and D) tax incentives, the question about their effectiveness has become ever more relevant. In the absence of an exogenous policy reform, the simultaneous determination of companies' tax positions and their R and D...
Persistent link: https://www.econbiz.de/10011670453
incorporate the effects of macroeconomic uncertainty on private savings behavior. It is shown that the greater the uncertainty in … savings and, other things equal, the larger is the current account surplus. Empirical support for the model is found using …
Persistent link: https://www.econbiz.de/10014396005
The relationship between regional saving and investment is examined to measure the extent of capital mobility. The relationship between total regional saving and investment is significantly negative in Canada and the United Kingdom, in contrast to the significant positive relationship found...
Persistent link: https://www.econbiz.de/10014398181