Narrow search
Showing 1 - 10 of 13,416
Cover Image
Implications of Alternative Banking Systems
Sarntisart, Saran - 2012
A significant number of individuals are unwilling to deposit their savings into the banking sector since it does not operate according to their religious beliefs. In this paper we provide a model that aims to answer the following questions: First, under what conditions an alternative banking...
Persistent link: https://www.econbiz.de/10013097011
Cover Image
Should I stay or should I go? : the role of actuarial reduction rates in individual retirement planning in Germany ; conference paper
Kluth, Sebastian - 2014
This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current pension payments in Germany and to what extent the existence and the magnitude of these reduction rates influence people s retirement planning. First, by evaluating a large...
Persistent link: https://www.econbiz.de/10010484766
Cover Image
Are the Japanese unique? : evidence from household saving and bequest behavior
Horioka, Charles - 2016
by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that … Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that …
Persistent link: https://www.econbiz.de/10011478422
Cover Image
Quick-Fixing : Near-Rationality in Consumption and Savings Behavior
Andre, Peter; Flynn, Joel P.; Nikolakoudis, Georgios; … - National Bureau of Economic Research - 2025
When optimizing consumption-savings decisions is costly, people may instead rely on quick-fixes, simple policy functions that avoid these costs. We introduce a model of quick-fixing. To study it empirically, we field a novel survey that measures households' consumption policy functions in...
Persistent link: https://www.econbiz.de/10015326458
Cover Image
Consumption and Voluntary Savings Response to Service Tax
Seal, Jayanta Kumar - 2020
In this paper, we estimate the effect of a tax policy change on households' consumption and retirement savings behavior, by using a unique panel data of voluntary retirement savings (PPF) and debit card spending transactions. On average, we find that households reduce their consumption by 14%...
Persistent link: https://www.econbiz.de/10012824255
Cover Image
Are the Japanese Unique? Evidence from Household Saving and Bequest Behavior
Horioka, Charles - 2016
by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that … Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that …
Persistent link: https://www.econbiz.de/10012990042
Cover Image
Elasticity of Intertemporal Substitution in Consumption : Empirical Evidence from a Natural Experiment
Kapoor, Mudit - 2010
This paper estimates the elasticity of intertemporal substitution in consumption (sigma). We exploit a natural experiment provided by a change in the Indian banking legislation which authorized all the deposit collecting institutions to offer a higher interest rate on deposits to citizens above...
Persistent link: https://www.econbiz.de/10013138429
Cover Image
The Marginal Propensity to Consume in Heterogeneous Agent Models
Kaplan, Greg; Violante, Giovanni L. - 2022
What model features and calibration strategies yield a large average marginal propensity to consume (MPC) in heterogeneous agent models? Through a systematic investigation of models with different preferences, dimensions of ex-ante heterogeneity, income processes and asset structure, we show...
Persistent link: https://www.econbiz.de/10013279374
Cover Image
The Marginal Propensity to Consume in Heterogeneous Agent Models
Kaplan, Greg; Violante, Giovanni L. - National Bureau of Economic Research - 2022
What model features and calibration strategies yield a large average marginal propensity to consume (MPC) in heterogeneous agent models? Through a systematic investigation of models with different preferences, dimensions of ex-ante heterogeneity, income processes and asset structure, we show...
Persistent link: https://www.econbiz.de/10013210041
Cover Image
The Composition Effect of Consumption around Retirement : Evidence from Singapore
Agarwal, Sumit - 2014
It is well established that consumption is “hump” shaped over an individual's lifecycle, peaking in middle age and then declining in the years that follow. Prior research has documented that consumption declines at retirement, which is inconsistent with the standard lifecycle model with...
Persistent link: https://www.econbiz.de/10013044705