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By virtue of the Ricardian Equivalence (RE) proposition, government bonds do not represent net wealth. Therefore, household's savings will increase to offset the government policy. The paper econometrically tests if governments bonds do represent net wealth based on the time series macrodata...
Persistent link: https://www.econbiz.de/10009352494
Reliable estimates of actual household saving rates in New Zealand have proved elusive as existing sources of data have in the past given disparate estimates, making it difficult to reach a consensus of the real rate of household saving. For the first time in New Zealand, however, longitudinal...
Persistent link: https://www.econbiz.de/10012115613
The objective of this paper is to analyse the extent to which membership of KiwiSaver has been associated with greater accumulations of net wealth. The paper utilises two linked sources of data which cover the period 2002 to 2010: Statistics New Zealand's Survey of Family, Income and Employment...
Persistent link: https://www.econbiz.de/10012115689
Persistent link: https://www.econbiz.de/10012025332