Narrow search
Showing 1 - 10 of 1,346
Cover Image
Can Consumers Distinguish Persistent from Transitory Income Shocks?
Druedahl, Jeppe - 2018
consumption-saving behavior. We construct a novel consumption-saving model where the household must infer the persistent component … marginal propensity to consume because the short run covariance between income growth and consumption growth increases when … can be identified from panel data on income and consumption. Finally, we estimate a high degree of knowledge in the Panel …
Persistent link: https://www.econbiz.de/10012928282
Cover Image
Credit card utilization and consumption over the life cycle and business cycle
Fulford, Scott L.; Schuh, Scott - 2017 - This version: September 2017
estimate a structural model of life-cycle consumption and credit use in which credit cards can be used for payments …
Persistent link: https://www.econbiz.de/10011770619
Cover Image
Does the selfish life-cycle model apply in the case of Japan?
Horioka, Charles - 2020
In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...
Persistent link: https://www.econbiz.de/10012195738
Cover Image
Is the selfish life-cycle model more applicable in Japan and, if so, why? : a literature survey
Horioka, Charles - 2020
The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...
Persistent link: https://www.econbiz.de/10012291218
Cover Image
House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994
Rouwendal, Jan; Alessie, Rob - 2002
paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We … investigatethe effect of house prices on (i) the number and size of second mortgages, (ii) the savingsof owner-occupiers and (iii … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …
Persistent link: https://www.econbiz.de/10010325002
Cover Image
House prices, second mortgages and household savings : an empirical investigation for the Netherlands, 1987 - 1994
Rouwendal, Jan; Alessie, Rob - 2002
paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We … investigatethe effect of house prices on (i) the number and size of second mortgages, (ii) the savingsof owner-occupiers and (iii … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …
Persistent link: https://www.econbiz.de/10011327548
Cover Image
Wealth Taxation and Household Saving : Evidence from Assessment Discontinuities in Norway
Ring, Marius Alexander Kalleberg - 2021
I use a quasi-experiment in Norway to examine how households respond to capital taxation. The introduction of a new wealth assessment methodology in 2010 led to geographic discontinuities in household exposure to wealth taxes, along both the extensive and intensive margins. I exploit this novel...
Persistent link: https://www.econbiz.de/10013214060
Cover Image
Is the age structure of the population one of the determinants of the household saving rate in China? : a spatial panel analysis of provincial data
Yin, Jingwen; Horioka, Charles - 2022
In this paper, we use provincial panel data on China for the 2002-19 period to conduct a spatial autocorrelation analysis of household saving rates as well as a dynamic panel analysis of the determinants of household saving rates using a spatial Durbin model. To summarize our main findings, we...
Persistent link: https://www.econbiz.de/10012939625
Cover Image
Is the Age Structure of the Population One of the Determinants of the Household Saving Rate in China? A Spatial Panel Analysis of Provincial Data
Yin, Jingwen; Horioka, Charles - 2022
In this paper, we use provincial panel data on China for the 2002-19 period to conduct a spatial autocorrelation analysis of household saving rates as well as a dynamic panel analysis of the determinants of household saving rates using a spatial Durbin model. To summarize our main findings, we...
Persistent link: https://www.econbiz.de/10013294549
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