Author: Jinyong Cai
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 208
Book Description
Essays on Consumption and Savings
Author: Jinyong Cai
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 208
Book Description
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 208
Book Description
Three Essays on Consumption, Saving, and Income
Author: Chris Carroll
Publisher:
ISBN:
Category :
Languages : en
Pages : 318
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 318
Book Description
Essays on Consumption and Saving
Author: Robert Allen Vergun
Publisher:
ISBN:
Category :
Languages : en
Pages : 208
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 208
Book Description
Essays on Consumption, Savings and International Finance
Author: Shouyong.* Shi
Publisher:
ISBN:
Category :
Languages : en
Pages : 258
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 258
Book Description
Three Essays on Consumption and Saving
Author: Kiseok Hong
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 182
Book Description
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 182
Book Description
Essays in the Economics of Consumption and Saving
Author: Cormac O'Dea
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Essays on Consumption, Saving, and Wealth Inequality
Author: Fang Yang
Publisher:
ISBN:
Category :
Languages : en
Pages : 254
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 254
Book Description
Essays in the Economics of Consumption and Saving
Author: C. O'Dea
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Essays on the General Determinants of Consumption and Savings
Author: Zhongchen Song
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 209
Book Description
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 209
Book Description
Essays on Saving, Bequests, Altruism, and Life-cycle Planning
Author: Laurence J. Kotlikoff
Publisher: MIT Press
ISBN: 9780262263344
Category : Business & Economics
Languages : en
Pages : 596
Book Description
This collection of essays, coauthored with other distinguished economists, offers new perspectives on saving, intergenerational economic ties, retirement planning, and the distribution of wealth. The book links life-cycle microeconomic behavior to important macroeconomic outcomes, including the roughly 50 percent postwar decline in America's rate of saving and its increasing wealth inequality. The book traces these outcomes to the government's five-decade-long policy of transferring, in the form of annuities, ever larger sums from young savers to old spenders. The book presents new theoretical and empirical analyses of altruism that rule out the possibility that private intergenerational transfers have offset those by the government.While rational life-cycle behavior can explain broad economic outcomes, the book also shows that a significant minority of households fail to make coherent life-cycle saving and insurance decisions. These mistakes are compounded by reliance on conventional financial planning tools, which the book compares with Economic Security Planner (ESPlanner), a new life-cycle financial planning software program. The application of ESPlanner to U.S. data indicates that most Americans approaching retirement age are saving at much lower rates than they should be, given potential major cuts in Social Security benefits.
Publisher: MIT Press
ISBN: 9780262263344
Category : Business & Economics
Languages : en
Pages : 596
Book Description
This collection of essays, coauthored with other distinguished economists, offers new perspectives on saving, intergenerational economic ties, retirement planning, and the distribution of wealth. The book links life-cycle microeconomic behavior to important macroeconomic outcomes, including the roughly 50 percent postwar decline in America's rate of saving and its increasing wealth inequality. The book traces these outcomes to the government's five-decade-long policy of transferring, in the form of annuities, ever larger sums from young savers to old spenders. The book presents new theoretical and empirical analyses of altruism that rule out the possibility that private intergenerational transfers have offset those by the government.While rational life-cycle behavior can explain broad economic outcomes, the book also shows that a significant minority of households fail to make coherent life-cycle saving and insurance decisions. These mistakes are compounded by reliance on conventional financial planning tools, which the book compares with Economic Security Planner (ESPlanner), a new life-cycle financial planning software program. The application of ESPlanner to U.S. data indicates that most Americans approaching retirement age are saving at much lower rates than they should be, given potential major cuts in Social Security benefits.