An Explanation of the Behaviour of Personal Savings in the United States in Recent Years PDF Download
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Author: E. Sheshinski
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: E. Sheshinski
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Eytan Sheshinski
Publisher:
ISBN:
Category :
Languages : es
Pages : 17
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Luigi Paganetto
Publisher: Springer
ISBN: 1349229253
Category : Business & Economics
Languages : en
Pages : 392
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Author: Francis T. Juster
Publisher:
ISBN: 9780608185552
Category : College graduates
Languages : en
Pages : 466
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Author: Orazio P. Attanasio
Publisher:
ISBN:
Category : Cohort analysis
Languages : en
Pages : 56
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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: P. Galeotti
Publisher: Springer Science & Business Media
ISBN: 9401579652
Category : Business & Economics
Languages : en
Pages : 229
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G. Galeotti* and M. Marrelli** *Universita di Perugia **Universita di Napoli 1. The economic analysis of optimal taxation has permitted considerable steps to be taken towards the understanding of a number of problems: the appropriate degree of progression, the balance between different taxes, the equity-efficiency trade-off etc .. Though at times considered as abstract and of little use in policy design, the issues it addresses are real ones and very much on the agenda of many countries. As usual in scientific debate, criticisms have contributed to the correct understanding of the theoretical problems involved and made clear that, at the present state of the art, definitive conclusions may be premature. A first well-taken criticism addresses the assumption, underlying optimal taxation models, of a competitive economy with perfect information on the part of individual agents and full market clearing. Once we leave the Arrow-Debreu world, it is no longer necessarily the case that taxes and transfers introduce distortions on otherwise efficient allocations.
Author: D.E. Fair
Publisher: Springer Science & Business Media
ISBN: 9401126283
Category : Business & Economics
Languages : en
Pages : 437
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The papers collected in this volume are those presented at the sixteenth Colloquium arranged by the Societe Universitaire Europeenne de Re cherches Financieres (SUERF), which took place in Lisbon in May 1991. The Society is supported by a large number of central banks and commer cial banks, by other financial and business institutions, and by personal subscriptions from academics and others interested in monetary and financial problems. Since its establishment in 1963, it has developed as a forum for the exchange of information, research results and ideas among academics and practitioners in these fields, including central bank officials and civil servants responsible for formulating and applying monetary and financial policies, national and international. A major activity of SUERF is to organise and conduct Colloquia on subjects of topical interest to its members. The titles, places and dates of previous Colloquia for which volumes of the collected papers were published are noted on the last page of this volume. Volumes were not produced for Colloquia held at Tarragona, Spain in October 1970 under the title 'Monetary Policy and New Developments in Banking' and at Strasbourg, France in January 1972 under the title 'Aspects of European Monetary Union'.
Author: United Nations
Publisher:
ISBN: 9789211091199
Category : Business & Economics
Languages : en
Pages : 260
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UN publication sales no. E.90.11.C.1. - With 3p. correction slip. - ISSN - 0084-1714. E/1990/55. ST/ESA/218
Author: Janet M. Jarrett
Publisher:
ISBN:
Category : Consumers
Languages : en
Pages : 116
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From the Executive Summary: This study investigates the pattern of personal savings in Canada, which developed during the 1970s, from two perspectives. First, it identifies those economic and institutional conditions of the 1970s that were different from the trends of the 1960s, and that therefore may have accounted for the change in savings behaviour of Canadian households. These factors are verified in a model of personal savings which incorporates economic and institutional factors specific to the 1970s into a traditional theory of savings. Second, the study provides an explanation of the difference in savings patterns between Canada and the United States through a comparison of personal income tax laws in each country.
