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Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order to obtain a tractable empirical model: fixed retirement and pension claiming age...
The household saving ratio is published quarterly as part of the UK National Accounts. This article outlines why users may be interested in this macroeconomic statistic and describes how this measure ...
Household Saving and Full Consumption over the Life Cycle
Trade frictions wage formation inequality and unemployment
2013/10/18
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household prod...