Life-cycle savings and public policy : a cross-national study of six countries / edited by Axel Borsch-Supan.

Format:

Book

Contributor:

Börsch-Supan, Axel, 1954-

Language:

English

Subjects (All):

Saving and investment--Cross-cultural studies.

Saving and investment.

Pensions--Cross-cultural studies.

Pensions.

Physical Description:

1 online resource (415 p.)

Edition:

1st edition

Place of Publication:

Amsterdam ; Boston : Academic Press, c2003.

Language Note:

English

System Details:

text file

Summary:

The key to understanding household saving is obtaining appropriate data. Dealing with differences between rich and poor households, for example, or the old and the young, require observation of a large number of households. The focus of this study is to obtain data on many households from a number of different countries and to examine them in a coherent fashion. The hope is that through these observations we can learn about the ways policies affect savings and that other differences among savers can be controlled for, instead of being blamed on ""cultural differences* Features a consi

Contents:

Front Cover; Life-Cycle Savings and Public Policy; Copyright Page; Contents; Contributors; Preface; Chapter 1. Saving: A Cross-National Perspective; 1.1 Introduction; 1.2 The Value of Cross-National Comparisons; 1.3 The Importance of Panel Data; 1.4 A Typical Pitfall in the Analysis of Cross-National Saving Behavior; 1.5 Goals of this Book; 1.6 Measuring Life-Cycle Saving; 1.7 What Does an Extended Life-Cycle Model of Saving Predict?; 1.8 Some Institutional Differences Across Countries and What They Mean for Saving; 1.9 What Do We Observe Empirically?

1.10 Are these Observations Consistent with our Expectations?References; Chapter 2. Household Saving: Concepts and Measurement; 2.1 Introduction; 2.2 How Can We Measure Household Saving?; 2.3 Why Cohort Analysis?; 2.4 Data Requirements; 2.5 Aggregation and Estimation; 2.6 Conclusion; References; Chapter 3. Household Saving in Germany; 3.1 Introduction; 3.2 Data; 3.3 The Flow of Household Saving; 3.4 The Stock of Wealth by Age and Birth Cohort; 3.5 The Institutional Background for Saving in Germany; 3.6 Links between Saving Patterns and Public Policy; 3.7 Conclusions; References

Chapter 4. Household Saving Behavior and Pension Policies in Italy4.1 Introduction; 4.2 The Data; 4.3 Cross-Sectional Age Profiles of Income and Saving; 4.4 Cohort-Adjusted Age Profiles of Income and Saving; 4.5 Analyzing Saving According to Demographic Groups; 4.6 The Importance of Pension Arrangements for Saving Choices; 4.7 Measurement Error; 4.8 Conclusions; References; Appendix; Chapter 5. Household Savings and Wealth Distribution in Japan; 5.1 Introduction; 5.2 The Data; 5.3 Age Profile of Savings; 5.4 Saving Rates by Income Class; 5.5 Cohort Analysis; 5.6 Age-Wealth Profile

5.7 Wealth Distribution5.8 Construction of Social Security Wealth; Conclusion; References; Chapter 6. Savings and Pensions in the Netherlands; 6.1 Introduction; 6.2 Data; 6.3 The Distribution of Income and Wealth; 6.4 Financial, Real, and Discretionary Saving; 6.5 Policies Affecting Savings; 6.6 Summary and Conclusions; References; Appendix; Chapter 7. Pensions and Life-Cycle Savings Profiles in the UK; 7.1 Introduction; 7.2 Data; 7.3 Cross-Sectional Descriptive Evidence, 1978-93; 7.4 Cohort Effects and Life-Cycle Profiles; 7.5 Further Issues; 7.6 Conclusions; References; Appendix I

Appendix IIAppendix III; Chapter 8. Household Saving Behavior and Pension Policies in the United States; 8.1 Introduction; 8.2 Data; 8.3 Household Savings; 8.4 Pension Policies; 8.5 Conclusion; References; Appendix

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

9786611024062

9781281024060

1281024066

9780080510170

0080510175

OCLC:

213298432