Empirical Determinants of Household Saving PDF Download
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Author: Mr.Tim Callen
Publisher: International Monetary Fund
ISBN: 1451859155
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
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: Mr.Tim Callen
Publisher: International Monetary Fund
ISBN: 1451859155
Category : Business & Economics
Languages : en
Pages : 26
Get Book Here
Book Description
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:
Category :
Languages : en
Pages : 26
Get Book Here
Book Description
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: Nonceba Qabazi
Publisher:
ISBN:
Category : Households
Languages : en
Pages : 90
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Book Description
Author: Mark Norman Harris
Publisher:
ISBN: 9780734014764
Category : Saving and investment
Languages : en
Pages : 25
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Book Description
Author: Mr.Sam Ouliaris
Publisher: International Monetary Fund
ISBN: 1484360982
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
This paper develops a time series model for aggregate consumption to predict the U.S. personal saving rate. It then uses the model to test whether there has been a structural break in consumption behavior because of the 2008 financial crisis. Before the crisis, the personal saving rate was trending downwards. However, in 2008 there was a significant rise in the saving rate that continued until the end of 2012, suggesting a permanent change in household behavior. To assess this issue formally, the unknown parameters of the model are estimated using data for 1961Q1-2007Q4, a period which precedes the crisis. The model is then used to predict the saving rate from 2008Q1 onwards and to assess whether the rise in the saving rate after 2008 was due to sizable, but transitory, income/wealth shocks or to changes in the underlying elasticities between saving and its determinants (hence structural). The statistical evidence suggests there was no structural break in the household saving behavior, implying that the rise in the saving rate during 2008-2012 was caused by the negative shocks to income, employment and wealth. This result explains why the saving rate resumed its decline in 2013, as real disposable income, employment and net worth recovered. Assuming that the real growth in these determinants remains strong, the estimated model predicts continued negative pressures on the current account deficit and further external imbalances attributable to the U.S. household sector.
Author: Ellen Nyhus
Publisher:
ISBN: 9788240500733
Category :
Languages : en
Pages : 245
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Book Description
Author: Marcos Chamon
Publisher:
ISBN:
Category :
Languages : en
Pages : 26
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Book Description
Author: Andrew Michael Guy Coleman
Publisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 0
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Book Description
"This paper summarises recent theoretical and empirical developments in the vast literatures that has examined the microeconomic determinants of household saving"--Abstract.
Author: Cevdet Denizer
Publisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 34
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Book Description
Based on matching household surveys for three central European countries, Bulgaria, Hungary and Poland, we explore the determinants of household saving rates in transition economies. We find savings rates to increase strongly in relative income and to be significantly higher for households owning few of the standard consumer durables, consistent with anticipatory savings prior to durable purchases in the absence of retail credit markets. The influence of demographic factors broadly matches earlier findings for developing countries. Perhaps surprisingly, variables associated with the position of the household in the transition process, notably the sector of employment, plays no significant role in determining savings rates.
Author: Karl Erik W‹rneryd
Publisher: Edward Elgar Publishing
ISBN: 9781781008850
Category : Business & Economics
Languages : en
Pages : 406
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Book Description
Some people save and others with similar incomes and wealth do not. Why? Whilst psychology has devoted little attention to the forward looking dimension of human behavior, it contributes theories and techniques for studying the cognitive, motivational, and social factors that affect saving. The book examines the assumption that man is forward looking and desires to provide for the future. It summarizes theories and behavioral research in the area of saving and explores the psychological insights and findings of economists and interprets them in terms of modern psychology. The Psychology of Saving will be welcomed as a major contribution to economic psychology which brings together research and analysis, developing our understanding about rationality, expectations, and consumer behavior.
