Household Savings in Transition Economies
Author:
Publisher: World Bank Publications
Published:
Total Pages: 20
ISBN-13:
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China’s High Savings: Drivers, Prospects, and Policies
Author: Ms.Longmei Zhang
Publisher: International Monetary Fund
Published: 2018-12-11
Total Pages: 38
ISBN-13: 1484388771
DOWNLOAD EBOOKChina’s high national savings rate—one of the highest in the world—is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one-child policy and the transformation of the social safety net and job security that occured during the transition from planned to market economy. Housing reform and rising income inequality also contribute to higher savings. Moving forward, demographic changes will put downward pressure on savings. Policy efforts in strengthening the social safety net and reducing income inequality are also needed to reduce savings further and boost consumption.
Household Savings in Transition Economies
Author: Cevdet Denizer
Publisher:
Published: 2000
Total Pages: 20
ISBN-13:
DOWNLOAD EBOOKIn Bulgaria, Hungary, and Poland, the higher the relative household income is, the higher the savings rate is. But, surprisingly, savings rates appear to be unaffected by either sector of employment (public or Private) or form of employment. Savings rates are significantly higher for households that do not own their own homes or that own few of the standard consumer durables - possibly because, with no retail credit or mortgage markets, households must save to purchase houses and durables.
The World Bank Research Observer
Author:
Publisher:
Published: 2003
Total Pages: 300
ISBN-13:
DOWNLOAD EBOOKIncome Uncertainty and Household Savings in China
Author: Mr.Marcos Chamon
Publisher: International Monetary Fund
Published: 2010-12-01
Total Pages: 36
ISBN-13: 1455211702
DOWNLOAD EBOOKChina’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we document that strong average income growth has been accompanied by a substantial increase in income uncertainty. Interestingly, the permanent variance of household income remains stable while it is the transitory variance that rises sharply. A calibration of a buffer-stock savings model indicates that rising savings rates among younger households are consistent with rising income uncertainty and higher saving rates among older households are consistent with a decline in the pension replacement ratio for those retiring after 1997. We conclude that rising income uncertainty and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid-1990s as well as the U-shaped age-profile of savings.
Economics of the Family
Author: Martin Browning
Publisher: Cambridge University Press
Published: 2014-06-05
Total Pages: 511
ISBN-13: 0521791596
DOWNLOAD EBOOKThis book provides a comprehensive, modern, and self-contained account of the research in the growing area of family economics. It is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family.
The Evidence and Impact of Financial Globalization
Author:
Publisher: Academic Press
Published: 2012-12-31
Total Pages: 807
ISBN-13: 012405899X
DOWNLOAD EBOOKThe sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. - Substantial articles by top scholars sets this volume apart from other information sources - Rapidly developing subjects will interest readers well into the future - Reader demand and lack of competitors underline the high value of these reference works
Emerging Markets and the Global Economy
Author: Mohammed El Hedi Arouri
Publisher: Academic Press
Published: 2013-12-26
Total Pages: 927
ISBN-13: 0124115632
DOWNLOAD EBOOKEmerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Despite the large body of emerging market finance literature, their underlying dynamics and interactions with other economies remain challenging and mysterious because standard financial models measure them imprecisely. Describing the linkages between emerging and developed markets, this collection systematically explores several crucial issues in asset valuation and risk management. Contributors present new theoretical constructions and empirical methods for handling cross-country volatility and sudden regime shifts. Usually attractive for investors because of the superior growth they can deliver, emerging markets can have a low correlation with developed markets. This collection advances your knowledge about their inherent characteristics. Foreword by Ali M. Kutan - Concentrates on post-crisis roles of emerging markets in the global economy - Reports on key theoretical and technical developments in emerging financial markets - Forecasts future developments in linkages among developed and emerging economies
The Economic Consequences of Demographic Change in East Asia
Author: Takatoshi Ito
Publisher: University of Chicago Press
Published: 2010-10-15
Total Pages: 403
ISBN-13: 0226386880
DOWNLOAD EBOOKRecent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this volume offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region. The Economic Consequences of Demographic Change in East Asia assembles a group of experts to explore such topics as comparative demographic change, population aging, the rising cost of health care, and specific policy concerns in individual countries. The volume provides an overview of economic growth in East Asia as well as more specific studies on Japan, Korea, China, and Hong Kong. Offering important insights into the causes and consequences of this transition, this book will benefit students, researchers, and policy makers focused on East Asia as well as anyone concerned with similar trends elsewhere in the world.
Studies in the Economics of Aging
Author: David A. Wise
Publisher: National Bureau of Economic Re
Published: 1994-12
Total Pages: 482
ISBN-13:
DOWNLOAD EBOOKBeing the fourth book in a series from the National Bureau of Economic Research that addresses economic issues in aging and retirement ...), this volume examines elderly population growth and government spending, life expectancy and health, saving for retirement and housing values, aging in Germany and Taiwan, and the utilization of nursing home and other long-term care. [Ed.]
