Similar Search Results

Dobrescu, Loretti - 2009

National saving rates differ enormously across developed countries. But these differences obscure a common trend, namely a dramatic decline over time. France and Italy, for example, saved over 17 percent of national income in 1970, but less than 7 percent in 2006. Japan saved 30 percent in 1970,...

Persistent link: https://www.econbiz.de/10012765576

China : An Institutional View of an Unusual Macroeconomy

Dollar, David - 2014

China presents several macroeconomic patterns that appear inconsistent with standard stylized facts about economic development and hence inconsistent with the standard neoclassical growth model. We show that Chinese macroeconomic patterns instead appear consistent with an environment where state...

Persistent link: https://www.econbiz.de/10013062078

Household Savings in Transition Economies

Denizer, Cevdet A. - 2010

determinants of household saving rates in transition economies. We find savings rates to increase strongly in relative income and … savings prior to durable purchases in the absence of retail credit markets. The influence of demographic factors broadly … household in the transition process, notably the sector of employment, plays no significant role in determining savings rates …

Persistent link: https://www.econbiz.de/10012763614

Consumption During Retirement : The Missing Link in the Life Cycle

Hamermesh, Daniel S. - 2022

pensions and savings, Social Security in the United States today does not enable most recipients to maintain their living …

Persistent link: https://www.econbiz.de/10014120446

Excess Savings and Twin Deficits : The Transmission of Fiscal Stimulus in Open Economies

Aggarwal, Rishabh; Auclert, Adrien; Rognlie, Matthew; … - 2022

savings (“excess savings”) and a small but persistent current account deficit (a slow-motion “twin deficit”). These patterns …

Persistent link: https://www.econbiz.de/10014081636

Pubic Debt and U.S. Saving : a New Test of the Neutrality Hypothesis

Boskin, Michael J.; Kotlikoff, Laurence J. - 2022

savings has primarily focused on the impact of particular policy variables on savings. In this paper we examine Barro …

Persistent link: https://www.econbiz.de/10014106282

Fagereng, Andreas - 2017

We propose a new approach to identify the strength of the precautionary motive and the extent of self-insurance in response to earnings risk based on Euler equation estimates. To address endogeneity problems, we use Norwegian administrative data and instrument consumption and earnings volatility...

Persistent link: https://www.econbiz.de/10012962717

The Global Rise of Corporate Saving

Chen, Peter - 2017

The sectoral composition of global saving changed dramatically during the last three decades. Whereas in the early 1980s most of global investment was funded by household saving, nowadays nearly two-thirds of global investment is funded by corporate saving. This shift in the sectoral composition...

Persistent link: https://www.econbiz.de/10012963739

The Quest for Parsimony in Behavioral Economics : New Methods and Evidence on Three Fronts

Stango, Victor - 2017

Behavioral economics identifies myriad deviations from classical economic assumptions about consumer decision-making, but lacks evidence on how its diverse phenomena fit together and whether they are amenable to modeling as low-dimensional constructs. We pursue such parsimony on three fronts,...

Persistent link: https://www.econbiz.de/10012965421

Understanding the Rise in Corporate Cash : Precautionary Savings or Foreign Taxes

Faulkender, Michael - 2017

What has driven the dramatic rise in U.S. corporate cash? Using non-public data, we show that the run-up is not uniform across firms but is concentrated in the foreign subsidiaries of multinational firms. Standard precautionary motives explain only domestic cash holdings, not these burgeoning...

Persistent link: https://www.econbiz.de/10012948039