Saving Behavior Of U S Households In The 1980s

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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.

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 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.

House Prices And Home Owner Saving Behavior

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Author : Gary V. Engelhardt
language : en
Publisher:
Release Date : 2010

House Prices And Home Owner Saving Behavior written by Gary V. Engelhardt 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.

This paper examines the empirical link between house price appreciation and the savings behavior of home owners during the 1980s. The analysis uses household asset and debt data for a sample of under age sixty-five home owning households from the 1984 and 1989 waves of the PSID to construct changes in real household wealth as a measure of household saving behavior. Cross-time and cross-regional variation in housing market conditions are used to identify behavior savings effects. The empirical analysis suggests that the estimated marginal propensity to consume out of real housing capital gains is 0.03 for the median saver household. However, there is an asymmetry in the saving response to both total and unanticipated real housing capital gains. All of the savings offset comes from households that experience real housing capital losses. Households that experience real gains do not change their saving behavior. The existence of this asymmetry casts doubt on the power of changes in house prices to explain the time series path of saving in the U.S.

Nber Macroeconomics Annual

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Author :
language : en
Publisher:
Release Date : 1986

Nber Macroeconomics Annual written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with categories.

Household Finance

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Author : Sumit Agarwal
language : en
Publisher: Springer Nature
Release Date : 2020-10-07

Household Finance written by Sumit Agarwal and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-07 with Business & Economics categories.

Household finance studies is a relatively recent field, exploring a growing understanding of how households make financial decisions relating to the functions of consumption, payment, risk management, borrowing and investing; how institutions provide goods and services to satisfy these financial functions of households; and how interventions by firms, governments and other parties affect the provision of financial services. This timely book analyses existing findings about household behavior as well as findings related to policy interventions. With international case studies, this book reviews a topic of global importance and brings a crucial up-to-date survey of the field for researchers and postgraduate students.

The Economic Future Of American Families

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Author : Frank Levy
language : en
Publisher: The Urban Insitute
Release Date : 1991

The Economic Future Of American Families written by Frank Levy and has been published by The Urban Insitute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.

This book analyzes the way families fared in the turbulent economy of the 1970s and 1980s, and a guess about the way today's younger families will manage the next few decades. According to Levy and Michel, each generation of workers is on its own "income track." Initially incomes are heavily influenced by the size of the age group, but later average incomes are influenced by growth in overall business productivity, changes in unemployment rates, average education levels and, for workers who do not go to college, the availability of manufacturing jobs. The authors estimated these relationships for past generations, and project income growth for baby-boom males who entered the labor force in the mid-1970s. They offer familiar remedies to spur productivity growth: raising average skill levels, and increasing personal savings. ISBN 0-87766-486-2: $31.50.

United States

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2012-08-02

United States written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-02 with Business & Economics categories.

This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower income, which have shown growth in the years prior to the crisis, experienced larger declines in their saving rates and a larger rise in their indebtedness before the crisis, contributing significantly to the dynamics of the mean saving rate.

Economics And Politics

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Author : Harun BAL
language : en
Publisher: Akademisyen Kitabevi
Release Date : 2019-03-12

Economics And Politics written by Harun BAL and has been published by Akademisyen Kitabevi this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-12 with Business & Economics categories.

America The Great And Its Self Destruction

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Author : Wei Bin Zhang
language : en
Publisher: Algora Publishing
Release Date : 2021-10-01

America The Great And Its Self Destruction written by Wei Bin Zhang and has been published by Algora Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-01 with History categories.

The accelerating self-destruction of the United States cannot be hidden when the loss of productivity, loss of faith in government, enflamed identity politics and social fragmentation are constant and are clearly documented. Any national assessment should be grounded in facts, and Prof. Zhang provides a plethora of economic data as a baseline for discussion. The figures and graphs reveal many sides of America that we may generally miss. In addition, Chinese and other Asians familiar with ancient Confucianism have their own sources of wisdom and commentary to guide them in assessing how they and their neighbors think and behave. Here, a Chinese academic familiar with both worlds shares his impressions and his conclusions. Prof. Zhang juxtaposes the political, economic and cultural behavior of America with sparkling quotes from Confucius, Mencius, Xun Zi, as well as Western classical thinkers from Plato to Quesnay and Weber. The book gives us a new perspective on our country — with insights as well from Chaos Theory. In this book we explore how the basic concepts of the yin-yang vision, and socioeconomic chaos theory, can help us understand American civilization, what it represents, and the natural cycles it is going through. Confucianism is more rationalist and sober, in the sense of the absence and the rejection of all non-utilitarian yardsticks, than any other ethical system, with the possible exception of J. Bentham’s. The author presents data on American economic and social trends, and systematically compares the basic ideas of Confucius and Adam Smith. These are interwoven with hundreds of pithy observations on America from a wide spectrum of commentators, from intellectual lumaries to Hollywood stars. The aim of studying the history of human societies, the author says, is to find the equations, i.e., mechanisms, of historical evolution; by stepping back to view events from different perspectives he seeks to present America as an organic whole, going beyond a partial, one-sided view of history — neither the patrician perspective nor that of the workers and the poor. The book is basically an application of the author’s general theory on socioeconomic evolution to provide some insights into America’s evolution by viewing it under an alternative ethical system (ancient Confucianism), with insights from chaos theory.