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Author : Michael Ziegelmeyer
Publisher :
ISBN 13 : 9783941274846
Total Pages : 207 pages
Book Rating : 4.2/5 (748 download)
Download or read book Empirical Analysis of Households' Saving Behavior written by Michael Ziegelmeyer and published by . This book was released on 2011 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Tim Callen
Publisher : International Monetary Fund
ISBN 13 : 1451859155
Total Pages : 26 pages
Book Rating : 4.4/5 (518 download)
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.
Author : Tim Callen
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (129 download)
Download or read book Empirical Determinants of Household Saving written by Tim Callen and published by . This book was released on 2006 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.
Author : Paolo Lucchino
Publisher :
ISBN 13 : 9780734043115
Total Pages : 52 pages
Book Rating : 4.0/5 (431 download)
Download or read book Empirical Analysis of Household Savings Decisions in Context of Uncertainty written by Paolo Lucchino and published by . This book was released on 2013 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most empirical studies of savings behaviour that explicitly take account of the influence of uncertainty consider for identification data that describe the evolution of circumstances observed during an appreciable period of the life-course. Here we report results obtained for a dynamic programming model that has been adapted to permit identification of preference parameters using data observed at a point in time for a given population cross-section. We discuss the advantages of this approach, and our empirical results demonstrate its feasibility in context of contemporary computing technology.
Author : Gary V. Engelhardt
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.3/5 ( download)
Download or read book House Prices and Home Owner Saving Behavior written by Gary V. Engelhardt and published by . This book was released on 1995 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the empirical link between house price appreciation and the savings behavior of home owners during the 1980s. The analysis uses household asset and debt data for a sample of under age sixty-five home owning households from the 1984 and 1989 waves of the PSID to construct changes in real household wealth as a measure of household saving behavior. Cross-time and cross-regional variation in housing market conditions are used to identify behavior savings effects. The empirical analysis suggests that the estimated marginal propensity to consume out of real housing capital gains is 0.03 for the median saver household. However, there is an asymmetry in the saving response to both total and unanticipated real housing capital gains. All of the savings offset comes from households that experience real housing capital losses. Households that experience real gains do not change their saving behavior. The existence of this asymmetry casts doubt on the power of changes in house prices to explain the time series path of saving in the U.S.
Author : Jesús Sandoval-Hernández
Publisher :
ISBN 13 :
Total Pages : 322 pages
Book Rating : 4.:/5 (84 download)
Download or read book Household Saving Behavior written by Jesús Sandoval-Hernández and published by . This book was released on 2010 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Francesco Grigoli
Publisher : International Monetary Fund
ISBN 13 : 1475545517
Total Pages : 55 pages
Book Rating : 4.4/5 (755 download)
Download or read book World Saving written by Francesco Grigoli and published by International Monetary Fund. This book was released on 2014-11-13 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different estimation techniques. Third, the empirical search is expanded by including potential saving determinants identified by theory but not previously considered in the empirical literature. Fourth, the paper explores differences in saving behavior nesting the 2008-10 crisis period and four different country groups. Finally, it also searches for commonalities and differences in behavior across national, private, household, and corporate saving rates. The results confirm in part existing research, shed light on some ambiguous or contradictory findings, and highlight the role of neglected determinants. Compared to the literature, we find a larger number of significant determinants of saving rates, using different estimators, for different periods and country groups, and for different saving aggregates.
Author : Orazio P. Attanasio
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (318 download)
Download or read book A Cohort Analysis of Saving Behavior by U.S. Households written by Orazio P. Attanasio and published by . This book was released on 1993 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper I analyze the pattern of saving behavior by U.S. households, using the Consumer Expenditure (CEX) Survey. The analysis' main goal is to explain the decline in aggregate personal saving in the United States in the 1980s. I estimate a typical' saving-age profile and identify systematic movements of the profile across different cohorts of U.S. households. In addition, I consider different definitions of saving and control for a number of factors that figure in popular explanations fo the decline in saving. The main results can be summarized as follows: 1) the typical' saving-age profile presents a pronounced hump' and peaks around age 60; 2) this typical' age profile was, at least during the 1980s, shifted down for those cohorts born between 1925 and 1939. This is consistent with the low level of aggregate saving because these cohort were, in the 1980s, in that part of their life cycle when saving is highest; 3) this results holds for various definition of saving with one notable exception; the decline is less pronounced when expenditure on durables is considered as saving; and 4) some other popular explanations of the decline in saving are rejected by the data, including those appealing to the presence of capital gains on real or financial assets.
Author : James M. Poterba
Publisher : University of Chicago Press
ISBN 13 : 0226676285
Total Pages : 290 pages
Book Rating : 4.2/5 (266 download)
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.
Author : Annamaria Lusardi
Publisher : University of Chicago Press
ISBN 13 : 0226497100
Total Pages : 406 pages
Book Rating : 4.2/5 (264 download)
Download or read book Overcoming the Saving Slump written by Annamaria Lusardi and published by University of Chicago Press. This book was released on 2009-10-15 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: The great majority of working Americans are unprepared to face the difficult task of planning for retirement. In fact, the personal savings rate has been holding steady at zero for several years, down from 8 percent in the mid-1980s. Overcoming the Saving Slump explores the many challenges facing workers in the transition from a traditional defined benefit pension system to one that requires more individual responsibility, analyzing the considerable impediments to saving and evaluating financial literacy programs devised by employers and the government. Mapping the changing landscape of pensions and the rise of defined contribution plans, Annamaria Lusardi and others investigate new methods for stimulating saving and promoting financial education drawing on the experience of the United States as well as countries that have privatized their welfare systems, including Sweden and Chile. This timely volume pinpoints where human resources departments, the financial industry, and government officials have succeeded—or failed—in bridging the way to a new retirement system. As the workforce ages and more pensions disappear each second, Lusardi’s findings will be invaluable for economists and anyone facing retirement.
Author : Harsha Thirumurthy
Publisher :
ISBN 13 :
Total Pages : 130 pages
Book Rating : 4.:/5 (396 download)
Download or read book Household Saving Behavior and the Real Interest Rate written by Harsha Thirumurthy and published by . This book was released on 1998 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper tests several hypotheses about the responsiveness of household saving to the real interest rate. It tests how the interest responsiveness in a country depends on certain common macroeconomic and demographic variables. These include per-capita income, the income distribution, the pervasiveness of borrowing constraints, the degree of financial depth, and demographic characteristics. The rationale for considering these variables is provided in the context of a theoretical model of household saving behavior, which then leads to the estimation of a structural equation for household saving.
Author : Julia Le Blanc
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (13 download)
Download or read book Household Saving Behavior and Credit Constraints in the Euro Area written by Julia Le Blanc and published by . This book was released on 2016 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the data is from 2010-2011, strong conclusions as regards the present are difficult to draw. This is because the crisis may have affected the data, especially in countries that were severely hit. Nevertheless we find evidence of some degree of homogeneity across countries with respect to saving preferences and the relative importance of different motives for saving. In addition, credit constraints are more heterogeneous across geographic regions and perceived to be binding for specific groups of respondents. Households living in Mediterranean countries report to be more subject to binding liquidity constraints than households living in Continental Europe. Household characteristics and institutional macroeconomic variables are significant and economically important determinants of household saving preferences and credit constraints.
Author : Michela Coppola
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Empirical Research on Households' Saving and Retirement Security written by Michela Coppola and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is an increasing interest among social scientists in merging survey data with administrative records from social security institutions. Record linkage represents one way to combine different sources using a unique identifier such as the Social Security number. The informed consent of the respondents however is required, which in turn might induce bias to the consent question and even threaten stability in a panel study. Data from the longitudinal household survey “Saving and old-age Provision in Germany” (SAVE) are used for analysis of consent rates and patterns. In the latest wave of the study participants have been asked to provide their written consent to link their answers to administrative data from the Federal Employment Agency which also includes information on the respondents' employers. The combined data set will open new avenues for research on the link between institutions, saving behavior and old-age provision: The survey data contains information on private pension and non-wealth which will be complemented by complete employment histories. Moreover, from the administrative data entitlements to public pensions can be derived, while an employer survey will shed more light on the diffusion of occupational pensions. SAVE is mainly conducted as a self-administered paper and pencil (P&P) questionnaire, while existing research is based on personal interviews. Given a response rate of 81% of the participants and a consent rate of 58%, asking for consent appears feasible in a P&P design. There is evidence for mild consent bias. However, considering correlations between giving the consent and a series of socio-demographic variables, as well as variables capturing respondents' motivation and willingness can explain variation in the consent only to a small extent. We conclude that most of the variation is random.
Author : Yu-Chun Regina Chang
Publisher :
ISBN 13 :
Total Pages : 378 pages
Book Rating : 4.:/5 (314 download)
Download or read book Income Uncertainty and Household Saving Behavior written by Yu-Chun Regina Chang and published by . This book was released on 1993 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lawrence J. Lau
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (53 download)
Download or read book An Analysis of US Postwar Consumption and Saving written by Lawrence J. Lau and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A new empirical analysis of aggregate United States consumption and saving for the period 1947-80 is presented. The model is based on the theory of exact aggregation. It recognizes explicitly that households with different characteristics may be heterogeneous in their behavior and that aggregate behavior may depend on the changing composition of households by characteristics and therefore may not be adequately portrayed by a representative consumer, but otherwise it imposes minimal assumptions on household behavior. The model integrates longitudinal and cross-sectional microeconomic data on household characteristics with the traditional aggregate time-series data. Various hypotheses on consumption, such as age independence, proportionality to wealth, and price independence, are tested , and rejected. Strong evidence of relative price effects and a systematic variation of aggregate consumption with changing age distribution of wealth in the economy is found. Especially important is the substantial estimated difference in the shares of wealth consumed between households headed by persons born prior to and those born after 1939. One important lesson from this study is that modeling the aggregate U.S. economy as a representative consumer may give rise to misleading results
Author : Henry William Kinnucan
Publisher :
ISBN 13 :
Total Pages : 396 pages
Book Rating : 4.:/5 (319 download)
Download or read book The Role of Income Variability in the Analysis of Household Savings Behavior written by Henry William Kinnucan and published by . This book was released on 1981 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Francis T. Juster
Publisher :
ISBN 13 : 9780608185552
Total Pages : 466 pages
Book Rating : 4.1/5 (855 download)
Download or read book Education, Income, and Human Behavior written by Francis T. Juster and published by . This book was released on 1974 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt:
