Demographics and Household Savings

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Demographics and Household Savings by : Arthur B. Kennickell

Download or read book Demographics and Household Savings written by Arthur B. Kennickell and published by . This book was released on 1990 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Comparisons of Household Saving

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Publisher : University of Chicago Press
ISBN 13 : 0226676285
Total Pages : 290 pages
Book Rating : 4.2/5 (266 download)

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Book Synopsis International Comparisons of Household Saving by : James M. Poterba

Download or read book International Comparisons of Household Saving written by James M. Poterba and published by University of Chicago Press. This book was released on 2007-12-01 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments and corporations may chip in, but around the world houshold saving is the biggest factor in national saving. To better understand why saving rates differ across countries, this volume provides the most up-to-date analyses of patterns of household saving behavior in Canada, Italy, Japan, Germany, the United Kingdom, and the United States. Each of the six chapters examines micro data sets of household saving within a particular country and summarizes statistics on patterns of saving by age, income, and other demographic factors. The authors provide age-earning profiles and analyses of the accumulation of wealth over the lifetime in a clear way that allows quick comparisons between earning, consumption, and saving in the six countries. Designed as a companion to Public Policies and Household Saving (1994), which addresses saving policies in the G-7 nations, this volume offers detailed descriptions of saving behavior in all G-7 nations except France.

Household Saving in Japan

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Publisher :
ISBN 13 :
Total Pages : 484 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Household Saving in Japan by : Charles Yuji Horioka

Download or read book Household Saving in Japan written by Charles Yuji Horioka and published by . This book was released on 1986 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Demographics on Housing and Non-housing Wealth in the United States

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Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis The Impact of Demographics on Housing and Non-housing Wealth in the United States by : Hilary Williamson Hoynes

Download or read book The Impact of Demographics on Housing and Non-housing Wealth in the United States written by Hilary Williamson Hoynes and published by . This book was released on 1994 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Equity in housing is a major component of household wealth in the United States. Steady gains in housing prices over the last several decades have generated large potential gains in household wealth among homeowners. Mankiw and Weil (1989) and McFadden (1993b) have argued that the aging of the US population is likely to induce substantial declines in housing prices, resulting in capital losses for future elderly generations. However, if households can anticipate changes in housing prices, and if they adjust their non-housing savings accordingly, then welfare losses in retirement could be mitigated. This paper focuses on two questions: (1) Are housing prices forecastable from current information on demographics and housing prices?; and (2) How are household savings decisions affected by capital gains in housing? We use metropolitan statistical area (MSA) level data on housing prices and demographic trends during the 1980's and find mixed evidence on the forecastability of housing prices. Further, we use data on five-year savings rates from the Panel Study of Income Dynamics and find no evidence that households engage in changing their non-housing savings in response to expectations about capital gains in housing. Thus, the projected decline in housing prices could result in large welfare losses to current homeowners and large intergenerational equity differences

The Effect of Demographic Changes on Saving for Life-Cycle Motives in Developing Countries

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Effect of Demographic Changes on Saving for Life-Cycle Motives in Developing Countries by : Steven Benjamin Webb

Download or read book The Effect of Demographic Changes on Saving for Life-Cycle Motives in Developing Countries written by Steven Benjamin Webb and published by World Bank Publications. This book was released on 1989 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Demographics on Housing and Non-Housing Wealth in the United States

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Impact of Demographics on Housing and Non-Housing Wealth in the United States by : Hilary Williamson Hoynes

Download or read book The Impact of Demographics on Housing and Non-Housing Wealth in the United States written by Hilary Williamson Hoynes and published by . This book was released on 2009 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Equity in housing is a major component of household wealth in the United States. Steady gains in housing prices over the last several decades have generated large potential gains in household wealth among homeowners. Mankiw and Weil (1989) and McFadden (1993b) have argued that the aging of the US population is likely to induce substantial declines in housing prices, resulting in capital losses for future elderly generations. However, if households can anticipate changes in housing prices, and if they adjust their non-housing savings accordingly, then welfare losses in retirement could be mitigated. This paper focuses on two questions: (1) Are housing prices forecastable from current information on demographics and housing prices?; and (2) How are household savings decisions affected by capital gains in housing? We use metropolitan statistical area (MSA) level data on housing prices and demographic trends during the 1980's and find mixed evidence on the forecastability of housing prices. Further, we use data on five-year savings rates from the Panel Study of Income Dynamics and find no evidence that households engage in changing their non-housing savings in response to expectations about capital gains in housing. Thus, the projected decline in housing prices could result in large welfare losses to current homeowners and large intergenerational equity differences.

Household Saving in Developing Countries - Inequality, Demographics and All that

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Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Household Saving in Developing Countries - Inequality, Demographics and All that by : Orazio P. Attanasio

Download or read book Household Saving in Developing Countries - Inequality, Demographics and All that written by Orazio P. Attanasio and published by . This book was released on 2000 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Do Wealthier Households Save More?

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (794 download)

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Book Synopsis Do Wealthier Households Save More? by : Ansgar Belke

Download or read book Do Wealthier Households Save More? written by Ansgar Belke and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

U.S. Demographics and Saving

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Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis U.S. Demographics and Saving by : Alan J. Auerbach

Download or read book U.S. Demographics and Saving written by Alan J. Auerbach and published by . This book was released on 1990 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper compares the predictions of three different saving models with respect to the impact of projected U.S. demographic change on future U.S. saving rates. The three models are the life cycle model, the infinite horizon altruism model, and a reduced form econometric model. The findings for the different models indicate a great range of possible paths of future U.S. saving. However, the three models concur in predicting a peak in the U.S. national saving rate in the near future (within 15 years), followed by a significant decline in the saving rate thereafter. In fact, the findings suggest the strong possibility of negative U.S. saving rates beginning after 2030.

Patterns in Household Demand and Saving

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Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 320 pages
Book Rating : 4.:/5 (43 download)

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Book Synopsis Patterns in Household Demand and Saving by : Constantino Lluch

Download or read book Patterns in Household Demand and Saving written by Constantino Lluch and published by Oxford University Press, USA. This book was released on 1977 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The changing structure of consumer preferences is viewed in this study as it evolves in a developing economy. Broad patterns in household demand and saving are identified using national accounts data for seventeen countries which span the development spectrum; per capita GNP is used as a classification index. Economic development is multidimensional, accompanied by phenomena such as urbanization, structural shifts in the composition of output and employment, and changes in the age structure and composition of the family. In order to take account of these aspects of economic development the authors also examine how demand and savings parameters respond to change in a number of socioeconomic and demographic variables, using household budget data from eight developing countries. The extended linear expenditure system is used as a model to estimate the responsiveness of both demand and saving to the allocation of total consumption expenditure at the margin, that is, marginal budget shares; to price and total expenditure elasticities; to marginal and average propensities to save; and to the elasticities of household saving with respect to changes in relative prices. Particular attention is paid to differences between rural and urban income and expenditures, and the central role of food prices. The authors also estimate parameters which may be said to represent subsistence expenditures.

Empirical Determinants of Household Saving

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Publisher : International Monetary Fund
ISBN 13 : 1451859155
Total Pages : 26 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Empirical Determinants of Household Saving by : Mr.Tim Callen

Download or read book Empirical Determinants of Household Saving written by Mr.Tim Callen and published by International Monetary Fund. This book was released on 1997-12-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the empirical determinants of household saving using data from 21 OECD countries for 1975-95. A particular focus is the influence of the tax and social security systems on household saving. The paper therefore extends the usual set of explanatory variables used to explain household saving behavior to include variables that capture the structure of the tax system and the financing and generosity of the social security and welfare system. These variables are found to have an important impact on household saving. Accordingly, by changing the design of these systems, governments may be able to influence saving.

Demographics and Aggregate Household Saving in Japan, China, and India

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Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (921 download)

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Book Synopsis Demographics and Aggregate Household Saving in Japan, China, and India by : Chadwick C. Curtis

Download or read book Demographics and Aggregate Household Saving in Japan, China, and India written by Chadwick C. Curtis and published by . This book was released on 2015 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors present a model of household life-cycle saving decisions in order to quantify the impact of demographic changes on aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving patterns over time across the three countries. In the model simulations, the growing number of retirees suppresses Japanese saving rates, while decreasing family size increases saving for both China and India. Projecting forward, the model predicts lower household saving rates in Japan and China.

China’s High Savings: Drivers, Prospects, and Policies

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Publisher : International Monetary Fund
ISBN 13 : 1484388771
Total Pages : 38 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis China’s High Savings: Drivers, Prospects, and Policies by : Ms.Longmei Zhang

Download or read book China’s High Savings: Drivers, Prospects, and Policies written by Ms.Longmei Zhang and published by International Monetary Fund. This book was released on 2018-12-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s high national savings rate—one of the highest in the world—is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one-child policy and the transformation of the social safety net and job security that occured during the transition from planned to market economy. Housing reform and rising income inequality also contribute to higher savings. Moving forward, demographic changes will put downward pressure on savings. Policy efforts in strengthening the social safety net and reducing income inequality are also needed to reduce savings further and boost consumption.

Recent Developments in the U.S. Household Savings Rate and Background

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Recent Developments in the U.S. Household Savings Rate and Background by :

Download or read book Recent Developments in the U.S. Household Savings Rate and Background written by and published by . This book was released on 1989 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Aging and the Macroeconomy

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Publisher : National Academies Press
ISBN 13 : 0309261961
Total Pages : 230 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Aging and the Macroeconomy by : National Research Council

Download or read book Aging and the Macroeconomy written by National Research Council and published by National Academies Press. This book was released on 2013-01-10 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

Taxation and the Household Saving Rate

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Publisher : International Monetary Fund
ISBN 13 : 1451845421
Total Pages : 17 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Taxation and the Household Saving Rate by : Mr.Vito Tanzi

Download or read book Taxation and the Household Saving Rate written by Mr.Vito Tanzi and published by International Monetary Fund. This book was released on 1998-03-01 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes anew the relationship between taxation and the household saving rate. On the basis of standard savings and tax revenue data from, it provides compelling and robust empirical evidence of a powerful impact of taxes on household savings. In particular, income taxes are shown to affect negatively the household saving rate much more than consumption taxes.

Public Expenditures on Social Programs and Household Consumption in China

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Publisher : International Monetary Fund
ISBN 13 : 1451982135
Total Pages : 29 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Public Expenditures on Social Programs and Household Consumption in China by : Mr.David Coady

Download or read book Public Expenditures on Social Programs and Household Consumption in China written by Mr.David Coady and published by International Monetary Fund. This book was released on 2010-03-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that increasing government social expenditures can make a substantive contribution to increasing household consumption in China. The paper first undertakes an empirical study of the relationship between the savings rate and social expenditures for a panel of OECD countries and provides illustrative estimates of their implications for China. It then applies a generational accounting framework to Chinese household income survey data. This analysis suggests that a sustained 1 percent of GDP increase in public expenditures, distributed equally across education, health, and pensions, would result in a permanent increase the household consumption ratio of 11⁄4 percentage points of GDP.