A Cohort Analysis Of Savings Behavior By Us Households

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A Cohort Analysis Of Saving Behavior By U S Households

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Author : Orazio P. Attanasio
language : en
Publisher:
Release Date : 1993

A Cohort Analysis Of Saving Behavior By U S Households written by Orazio P. Attanasio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Cohort analysis categories.

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.

A Cohort Analysis Of Saving Behavior By U S Households

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Author : Orazio Attanasio
language : en
Publisher:
Release Date : 2010

A Cohort Analysis Of Saving Behavior By U S Households written by Orazio Attanasio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.

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.

A Cohort Analysis Od Saving Behavior By U S Households

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Author :
language : en
Publisher:
Release Date : 1993

A Cohort Analysis Od Saving Behavior By U S Households written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.

A Cohort Analysis Of Savings Behavior By Us Households

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Author : Orazio Attanasio
language : en
Publisher:
Release Date : 1993

A Cohort Analysis Of Savings Behavior By Us Households written by Orazio Attanasio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Cohort analysis categories.

A Cohort Analysis Of Saving Behavior By Us Household

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Author : Orazio P. ATTANASIO
language : en
Publisher:
Release Date : 1993

A Cohort Analysis Of Saving Behavior By Us Household written by Orazio P. ATTANASIO and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.

A Cohort Analysis Of Saving Behaviour By Us Households

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Author : Orazio P. Attanasio
language : en
Publisher:
Release Date : 1993

A Cohort Analysis Of Saving Behaviour By Us Households written by Orazio P. Attanasio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Cohort analysis categories.

International Comparisons Of Household Saving

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Author : James M. Poterba
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01

International Comparisons Of Household Saving written by James M. Poterba and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.

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.

Empirical Analysis Of Households Saving Behavior

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Author : Michael Ziegelmeyer
language : de
Publisher:
Release Date : 2011

Empirical Analysis Of Households Saving Behavior written by Michael Ziegelmeyer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.

Understanding Saving

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Author : Fumio Hayashi
language : en
Publisher: MIT Press
Release Date : 1997

Understanding Saving written by Fumio Hayashi and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.

Analysis of consumption and saving decisions by households has always been one of the most active areas of research in economics--and with good reason. Private consumption is the most important component of aggregate demand in a capitalist economy, and explaining consumption is the key element in most macroeconomic forecasting models. To evaluate the effect of government policies invariably requires the knowledge of how they change parameters relevant for household decision making. Understanding Saving collects eleven papers by economist Fumio Hayashi, along with two previously unpublished chapters, for a total of thirteen chapters. The monograph, which brings together Hayashi's empirical research on saving, is divided into three sections. Part I, "Liquidity Constraints", contains five studies that test the well-known implication of the Life Cycle-Permanent Income hypothesis that households shield consumption from income fluctuations. Part II, "Risk-Sharing and Altruism", contains three papers that examine the interactions between related and unrelated households predicted by the hypothesis for the US and Japanese households. The three papers in Part III, "Japanese Saving Behavior", present the author's explanation of the high saving rate in postwar Japan.

Saving Behavior Of U S Households In The 1980s

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Author : Y. Regina Chang
language : en
Publisher:
Release Date : 2000

Saving Behavior Of U S Households In The 1980s written by Y. Regina Chang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.

An analysis of the 1983 and 1986 Survey of Consumer Finance shows that 40% of U.S. households had a decrease in real net non-housing assets between the two survey periods. This study uses t-test, bivariate and multivariate analyses to investigate household saving behavior and identify factors related to it. Multivariate regression results show that the household's initial net non-housing asset level is the most important factor related to increases in net non- housing assets (saving.) The initial net non-housing asset level in 1983 was negatively related to saving between the two periods. Households with higher income levels had higher predicted saving than those with lower income levels. Households with a high level of risk tolerance saved more than their counterparts. Households that received windfalls between 1983 and 1986 saved a large fraction (87%) and only consumed a small fraction of the windfalls received.