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| Author | : Eytan Sheshinski |
| Publisher | : |
| Total Pages | : 17 |
| Release | : 1989 |
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| Release | : 1989 |
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| Author | : E. Sheshinski |
| Publisher | : |
| Total Pages | : |
| Release | : 1989 |
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| Author | : Eytan Sheshinski |
| Publisher | : |
| Total Pages | : 40 |
| Release | : 1989 |
| Genre | : Interest rates |
| ISBN | : |
A sharp increase in the real interest rates in the U.S. in the 1980s was expected to induce a higher personal saving rate. Actually, between 1981 and 1983 the personal saving rate fell from 7.5 percent to 5.4 percent and for the 1985-1988 period it had averaged only 4 percent even though real interest rates have remained high. We argue that one possible explanation for this negative relation between interest rates and the personal saving rate is the large fraction of wealth, especially financial wealth, held by persons over 65 years old (this group has received more than 50 percent of all interest income in the U.S. during this period). Life cycle theory suggests, as we demonstrate, that the wealth effect created by an increase in the rate of interest reduces the savings of old persons and raises savings of the young and hence the effect on aggregate savings depends on the age distribution in the population.
| Author | : |
| Publisher | : |
| Total Pages | : 40 |
| Release | : 1991 |
| Genre | : Home economics |
| ISBN | : |
| Author | : Jarvis, W. D. (William D.) |
| Publisher | : |
| Total Pages | : 82 |
| Release | : 1979 |
| Genre | : Saving and investment |
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| Release | : 1986 |
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| ISBN | : 9780262024761 |
| Author | : National Research Council |
| Publisher | : National Academies Press |
| Total Pages | : 230 |
| Release | : 2013-01-10 |
| Genre | : Social Science |
| ISBN | : 0309261961 |
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
| Author | : |
| Publisher | : Elsevier |
| Total Pages | : 749 |
| Release | : 2018-09-27 |
| Genre | : Business & Economics |
| ISBN | : 0444633898 |
Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics Written for those who wish to become quickly acquainted with behavioral economics
| Author | : Francis T. Juster |
| Publisher | : |
| Total Pages | : 466 |
| Release | : 1974 |
| Genre | : College graduates |
| ISBN | : 9780608185552 |
