Ricerche Economiche最新文献

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Individual response to a retirement saving program: results from U.S. panel data 个人对退休储蓄计划的反应:来自美国面板数据的结果
Ricerche Economiche Pub Date : 1995-09-01 DOI: 10.1016/0035-5054(95)90003-9
Steven F. Venti , David A. Wise
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引用次数: 19
Saving and the intra-household distribution of income: an empirical investigation 储蓄与家庭内部收入分配:一项实证调查
Ricerche Economiche Pub Date : 1995-09-01 DOI: 10.1016/0035-5054(95)90005-5
Martin Browning
{"title":"Saving and the intra-household distribution of income: an empirical investigation","authors":"Martin Browning","doi":"10.1016/0035-5054(95)90005-5","DOIUrl":"10.1016/0035-5054(95)90005-5","url":null,"abstract":"<div><p>This paper presents an empirical analysis of the relationship between household saving and the distribution of income within the household. Various theoretical reasons why the level of saving might depend on the latter are given. Some of these can be rationalized within the usual “unitary” model of household decision but others recognize explicitly that different members of the household may have different preferences about how much to save.</p><p>Particular attention is paid to saving for retirement since the facts that wives are, on average, younger than their husbands and women have longer life expectancies means that wives typically anticipate a longer retirement period than their husbands. Thus wives may prefer to save more for retirement than their husbands.</p><p>The empirical analysis uses a sample of Canadian households from five Family Expenditure Surveys. These surveys include measures of financial saving as well saving in retirement accounts. After accounting for many of the other influences on saving (for example: age, household composition, occupation and education levels but not household income) we find some effects of the intra-household distribution of income on savings rates. The parameter estimates suggest that the household saving rate decreases with the share of the wife in household income.</p></div>","PeriodicalId":101136,"journal":{"name":"Ricerche Economiche","volume":"49 3","pages":"Pages 277-292"},"PeriodicalIF":0.0,"publicationDate":"1995-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0035-5054(95)90005-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88225144","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 61
Age and cohort effects in saving and the German retirement system 储蓄和德国退休制度中的年龄和群体效应
Ricerche Economiche Pub Date : 1995-09-01 DOI: 10.1016/0035-5054(95)90002-0
Axel Börsch-Supan
{"title":"Age and cohort effects in saving and the German retirement system","authors":"Axel Börsch-Supan","doi":"10.1016/0035-5054(95)90002-0","DOIUrl":"10.1016/0035-5054(95)90002-0","url":null,"abstract":"<div><p>As the public pay-as-you-go pension systems of the ageing industrialized countries are likely to become seriously strained under the growing dependency burden, the question arises whether a society should rely on private savings to finance old-age consumption. This is an empirical question about the magnitude and the flexibility of saving rates. This paper argues that saving rates must increase in an unprecedented fashion in order to compensate for the dependency effect.</p><p>The paper takes the German case as an example. It analyses saving behaviour in Germany using three waves of the Income and Expenditure Survey. It separates age and cohort effects; computes the demographics induced change in the aggregate saving rate; and compares the magnitude of these excess savings with the increasing burden of the pension system. Finally, a macroeconomic simulation model is used to explore possible paths of the cohort effects in saving rates.</p></div>","PeriodicalId":101136,"journal":{"name":"Ricerche Economiche","volume":"49 3","pages":"Pages 207-233"},"PeriodicalIF":0.0,"publicationDate":"1995-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0035-5054(95)90002-0","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86187782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 13
Saving and wealth holdings of the elderly 老年人的储蓄和财富持有
Ricerche Economiche Pub Date : 1995-09-01 DOI: 10.1016/0035-5054(95)90006-3
Rob Alessie, Annamaria Lusardi, Arie Kapteyn
{"title":"Saving and wealth holdings of the elderly","authors":"Rob Alessie,&nbsp;Annamaria Lusardi,&nbsp;Arie Kapteyn","doi":"10.1016/0035-5054(95)90006-3","DOIUrl":"10.1016/0035-5054(95)90006-3","url":null,"abstract":"<div><p>Using panel data for the Netherlands, we find that wealth holdings of the elderly are very unevenly distributed. Furthermore, the inequality increases with age, which indicates different rates of accumulation (or decumulation) across wealth levels. This divergence in behaviour depending on wealth holdings points to a strong bequest motive. The presence of a bequest motive is confirmed by subjective information obtained from a new and unique panel, the VSB-panel, that we exploit. For most elderly the level of assets is so low that it probably mainly serves to satisfy a precautionary motive. Subjective information in the VSB-panel shows that precautionary motives are indeed quite strong among the elderly. For the vast majority of the elderly social security and pensions are absolutely essential to maintain a decent standard of living.</p></div>","PeriodicalId":101136,"journal":{"name":"Ricerche Economiche","volume":"49 3","pages":"Pages 293-314"},"PeriodicalIF":0.0,"publicationDate":"1995-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0035-5054(95)90006-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84002746","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 47
Consumption growth, saving and retirement in the U.K. 英国的消费增长、储蓄和退休
Ricerche Economiche Pub Date : 1995-09-01 DOI: 10.1016/0035-5054(95)90004-7
James Banks, Richard Blundell , Sarah Tanner
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引用次数: 3
Dynamics of demographic development and its impact on personal saving: case of Japan 人口发展动态及其对个人储蓄的影响:以日本为例
Ricerche Economiche Pub Date : 1995-09-01 DOI: 10.1016/0035-5054(95)90001-2
Albert Ando , Andrea Moro, Juan Pablo Cordoba, Gonzalo Garland
{"title":"Dynamics of demographic development and its impact on personal saving: case of Japan","authors":"Albert Ando ,&nbsp;Andrea Moro,&nbsp;Juan Pablo Cordoba,&nbsp;Gonzalo Garland","doi":"10.1016/0035-5054(95)90001-2","DOIUrl":"10.1016/0035-5054(95)90001-2","url":null,"abstract":"<div><p>A dynamic model of the demographic structure of Japan is summarized. It is capable of tracing the dynamic development of the Japanese population, including the distribution of families by age, sex, and marital status of the head, as well as by the number and age of children and other dependents. This model is combined with specification of the processes generating family income and consumption, and then used to generate the pattern of aggregate income, saving and asset accumulation for the period 1985–2050 under alternative fertility assumptions. The results suggest that the saving-income ratio for Japan will increase slightly in the immediate future as the number of children per family declines sharply, and then falls moderately as the proportion of older persons in the population increases. Qualitative results depend critically on the labour force participation rate of older persons and on the probability of older persons merging into younger households.</p></div>","PeriodicalId":101136,"journal":{"name":"Ricerche Economiche","volume":"49 3","pages":"Pages 179-205"},"PeriodicalIF":0.0,"publicationDate":"1995-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0035-5054(95)90001-2","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91318188","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
Labor market and institutions: is the United States the best of the possible worlds? A review essay 劳动力市场和制度:美国是世界上最好的吗?一篇评论文章
Ricerche Economiche Pub Date : 1995-06-01 DOI: 10.1016/0035-5054(95)90021-7
Daniele Checchi
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引用次数: 1
Labor market and institutions: is the United States the best of the possible worlds? A review essay 劳动力市场和制度:美国是世界上最好的吗?一篇评论文章
Ricerche Economiche Pub Date : 1995-06-01 DOI: 10.1016/0035-5054(95)90021-7
D. Checchi
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引用次数: 1
Business cycle asymmetries and non-linearities in U.K. macroeconomic time series 英国宏观经济时间序列的经济周期不对称性和非线性
Ricerche Economiche Pub Date : 1995-06-01 DOI: 10.1016/0035-5054(95)90018-7
T. Mills
{"title":"Business cycle asymmetries and non-linearities in U.K. macroeconomic time series","authors":"T. Mills","doi":"10.1016/0035-5054(95)90018-7","DOIUrl":"https://doi.org/10.1016/0035-5054(95)90018-7","url":null,"abstract":"","PeriodicalId":101136,"journal":{"name":"Ricerche Economiche","volume":"156 1","pages":"97-124"},"PeriodicalIF":0.0,"publicationDate":"1995-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76801347","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 14
Scarcity and prices 稀缺性和价格
Ricerche Economiche Pub Date : 1995-06-01 DOI: 10.1016/0035-5054(95)90020-9
Aldo Montesano
{"title":"Scarcity and prices","authors":"Aldo Montesano","doi":"10.1016/0035-5054(95)90020-9","DOIUrl":"10.1016/0035-5054(95)90020-9","url":null,"abstract":"<div><p>A complete set of definitions of scarcity and some theorems on the relationship between competitive prices and scarcity of commodities are introduced. Competitive prices do not always represent signals of scarcity. Anyway under the hypothesis of monotonic preferences scarce commodities have positive prices, and when all commodities are both normal and gross substitutes, prices are indices of relative scarcity. Consequently, the connection between scarcity and prices is not an absolute foundation of economic theory.</p></div>","PeriodicalId":101136,"journal":{"name":"Ricerche Economiche","volume":"49 2","pages":"Pages 145-166"},"PeriodicalIF":0.0,"publicationDate":"1995-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0035-5054(95)90020-9","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74294252","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
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