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International Comparisons Of Household Saving
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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.
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.
Book Synopsis Urban and Rural Household Savings in China by : International Monetary Fund
Download or read book Urban and Rural Household Savings in China written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-03-18 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Household savings behavior in China during the past 30 years has been studied by using econometric models with the time-varying-parameter technique. The rural sector and the urban sector are investigated separately. In comparison to previous studies on the same subject, the estimated models of the current study are more robust, and the results of the models are much more in line with results of similar studies of other countries.
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.
Book Synopsis Income Uncertainty and Household Savings in China by : Mr.Marcos Chamon
Download or read book Income Uncertainty and Household Savings in China written by Mr.Marcos Chamon and published by International Monetary Fund. This book was released on 2010-12-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we document that strong average income growth has been accompanied by a substantial increase in income uncertainty. Interestingly, the permanent variance of household income remains stable while it is the transitory variance that rises sharply. A calibration of a buffer-stock savings model indicates that rising savings rates among younger households are consistent with rising income uncertainty and higher saving rates among older households are consistent with a decline in the pension replacement ratio for those retiring after 1997. We conclude that rising income uncertainty and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid-1990s as well as the U-shaped age-profile of savings.
Book Synopsis International Comparisons of Expenditure and Saving Patterns by : Constantino Lluch
Download or read book International Comparisons of Expenditure and Saving Patterns written by Constantino Lluch and published by . This book was released on 1973 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Differences in Saving Rates in the Life Cycle Hypothesis by : Erkki Koskela
Download or read book International Differences in Saving Rates in the Life Cycle Hypothesis written by Erkki Koskela and published by . This book was released on 1989 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Household Saving and Real House Prices by : Neale Kennedy
Download or read book Household Saving and Real House Prices written by Neale Kennedy and published by . This book was released on 1994 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Frugality written by Mr.Yasser Abdih and published by International Monetary Fund. This book was released on 2009-09-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Household savings rates in the United States have recently crept up from all-time lows. Some have suggested that a shift toward frugality will hamper GDP growth-the Keynesian "paradox of thrift." We estimate that households compensate for a fall in their asset income by saving more out of their labor income, dollar-for-dollar. In the wake of the crisis, our model predicts that such primary savings will increase, but only temporarily and modestly, as household assets stabilize. As savings flows gradually accumulate, they help rebuild corporate net worth and hence firms' capacity to make capital investments. A timely return to pre-crisis levels of capital investment would require that U.S. households save substantially more than the model predicts, starting now. Hence, we should fret that our savings rates may be too low.
Book Synopsis Household Deleveraging and Saving Rates: A Cross-Country Analysis by : Romain Bouis
Download or read book Household Deleveraging and Saving Rates: A Cross-Country Analysis written by Romain Bouis and published by International Monetary Fund. This book was released on 2021-10-29 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates. This relationship is however asymmetric, being significant only for debt build-ups. Declining debt ratios and saving are significantly related in some economies, but the relationship is driven by consumer credit, not by mortgages. Results therefore suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via lower mortgages.
Book Synopsis Japan's Household Savings Rate by : International Monetary Fund
Download or read book Japan's Household Savings Rate written by International Monetary Fund and published by International Monetary Fund. This book was released on 1987-01-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent decades reflects the positive influence of rapid economic growth, leading to a prolonged retirement period through the wealth and life-expectancy effects of an income change, which has initially outweighed the negative combined influence of improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline substantially in coming decades as the negative influence accelerates.
Book Synopsis International remittances and the household : analysis and review of global evidence by : Richard H. Adams
Download or read book International remittances and the household : analysis and review of global evidence written by Richard H. Adams and published by World Bank Publications. This book was released on 2007 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper examines the economic impact of international remittances on countries and households in the developing world. To analyze the country-level impact of remittances, the paper estimates an econometric model based on a new data set of 115 developing countries. Results suggest that countries located close to a major remittance-sending region (like the United States, OECD-Europe) are more likely to receive international remittances, and that while the level of poverty in a country has no statistical effect on the amount of remittances received, for those countries which are fortunate enough to receive remittances, these resource flows do tend to reduce the level and depth of poverty. At the household level, a review of findings from recent research suggest that households receiving international remittances spend less at the margin on consumption goods-like food-and more on investment goods-like education and housing. Households receiving international remittances also tend to invest more in entrepreneurial activities.
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.
Book Synopsis Targets, Interest Rates, and Household Saving in Urban China by : Mr.Malhar Nabar
Download or read book Targets, Interest Rates, and Household Saving in Urban China written by Mr.Malhar Nabar and published by International Monetary Fund. This book was released on 2011-10-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies a panel of China's provinces over the period 1996-2009 during which urban household saving rates increased from 19 percent of disposable income to 30 percent. It finds that the increase in urban saving rates is negatively associated with the decline in real interest rates over this period. This negative association suggests that Chinese households save with a target level of saving in mind. When the return to saving declines (increases), it becomes more difficult (easier) to meet a target and households increase (lower) their saving out of current disposable income to compensate. The results are robust across specifications and to the inclusion of additional variables. A main policy implication is that an increase in real deposit rates may help lower household saving and boost domestic consumption.
Book Synopsis Is Housing Wealth an "ATM"? by : Vladimir Klyuev
Download or read book Is Housing Wealth an "ATM"? written by Vladimir Klyuev and published by . This book was released on 2006 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role increasing personal wealth and home equity withdrawal (HEW) have had in the decline in the personal saving rate in the United States. It does so by comparing the U.S. experience with those of Australia, Canada, and the United Kingdom. Mortgage market liberalization and innovation should reduce household cash flow and collateral constraints while making housing wealth more liquid as HEW becomes easier over time. Regression analysis indicates the expected negative relationship between U.S. saving and net worth, with a somewhat smaller coefficient than in previous studies. HEW is estimated to have a temporary negative impact on saving of the order of 20 cents on the dollar.
Book Synopsis Savings Behaviour of Japanese Households by : Atsushi Maki
Download or read book Savings Behaviour of Japanese Households written by Atsushi Maki and published by . This book was released on 1990 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Preparing for an Aging World by : National Research Council
Download or read book Preparing for an Aging World written by National Research Council and published by National Academies Press. This book was released on 2001-06-26 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aging is a process that encompasses virtually all aspects of life. Because the speed of population aging is accelerating, and because the data needed to study the aging process are complex and expensive to obtain, it is imperative that countries coordinate their research efforts to reap the most benefits from this important information. Preparing for an Aging World looks at the behavioral and socioeconomic aspects of aging, and focuses on work, retirement, and pensions; wealth and savings behavior; health and disability; intergenerational transfers; and concepts of well-being. It makes recommendations for a collection of new, cross-national data on aging populationsâ€"data that will allow nations to develop policies and programs for addressing the major shifts in population age structure now occurring. These efforts, if made internationally, would advance our understanding of the aging process around the world.
