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When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
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A broad set of possible determinants of private saving behavior is examined, using data for a large sample of industrial and developing countries. Both time-series and cross-section estimates are obtained. Results suggest that there is a partial offset on private saving of changes in public...
Persistent link: https://www.econbiz.de/10012781904
To enhance the inflow of foreign direct investment (FDI) and ultimately to increase the economic growth, the countries have implemented a variety of financial and trade liberalization policies in the last three decades. Pakistan also initiated such type of policies. This study makes an analysis...
Persistent link: https://www.econbiz.de/10010490551
The aim of this paper is to analyze the cause and effect relationship between economic growth and savings in advanced … the existence of one-way casual relationship between gross domestic savings and gross domestic product in the case of … relationship between gross domestic product and gross domestic savings both in developed economies and developing and transition …
Persistent link: https://www.econbiz.de/10009313678
A large body of microeconomic evidence supports Friedman (1957)'s proposition that household income can be reasonably well described as having both transitory and permanent components. We show how to modify the widely-used macroeconomic model of Krusell and Smith (1998) to accommodate such a...
Persistent link: https://www.econbiz.de/10013034318
consumption after being tested HIV positive. The paper describes different effects on aggregate savings according to different … stages of the epidemic. We show that the HIV epidemic decreases savings if especially young individuals are (perceived to be …) affected by the virus, but may increase savings if individuals perceive a sizable probability of getting infected later in life …
Persistent link: https://www.econbiz.de/10014224367
This research examines the effects of earmarking money on savings by low-income consumers. In particular, the authors … test two interventions that are designed to enhance the effects of earmarking: a) using a visual reminder of the savings …. In addition, the presence of the visual reminder increases the savings rate. The authors conclude with implications for …
Persistent link: https://www.econbiz.de/10013134845
Recent empirical evidence suggests that reversing current account balances imply costly adjustment processes leading to reduced economic growth. Using large panel data sets to analyze determinants and costs of reversals asks for controls of heterogeneity among countries. This paper contributes a...
Persistent link: https://www.econbiz.de/10010296281