... the size of the aggregate capital stock, with consequences for wages, interest rates, and ...The first paper found that target or "buffer-stock" saving may be optimal under some circumstan...
Issues addressed in this article include the adequacy of household retirement saving, controlling for lifetime earnings levels and uncertainty, and the examination of the role of Social Security in bolstering financial security. The authors show that reductions in Social Security benefits could have significant deleterious effects on the adequacy of saving, especially among low-income households. They also show that, controlling for lifetime earnings, households with high current earnings tend to save far more adequately than do other households.
... as the effect of a 40 percent reduction in stock market values. Other changes, such as increases in..., our model should not be confused with a "buffer stock" or target saving model (see Carroll 1992). ...
...Neither tax reduces the net return to saving below the gross return, so a focus on the incentiv... can control the level of the capital stock given any tax structure. The 'real world' feasibil...185-216. . Carroll, Christopher D. 1997. Buffer-stock saving and the life cycle/permanent income h...
... individuals facing uncertainty would hold buffer stocks of assets to insure against lost future inc... overcome any desires for precautionary savings, causing consumers to borrow on a large scale and ...
..., requiring that immigrants maintain larger stocks of precautionary saving. But Dustmann's model, in ...Assuming a buffer-stock model of savings (Carroll and Samwick 1998),...
Analysis of the motives for private bequests suggested that the number and size of bequests will probably grow if a consumption tax replaced the income tax. Bequests savings, which occur mostly among wealthy Americans, are motivated by altruism, precautionary savings, or in exchange for care by offspring. Regardless of motive, a theory that takes into account the double-level utility gains from increased bequests will enlarge the aggregate welfare gains resulting from a consumption tax.
...capital stock. Most of these bequests do not get spent down by h...CARROLL, BUFFER STOCK SAVING AND THE PERMANENT INCOME HYPOTHESIS (...
Replacement rates are common and useful tools used by individuals and policy analysts to plan for retirement and assess the sufficiency of Social Security benefits and overall retirement income. Because the calculation and meaning of replacement rates differs depending on the definition of preretirement earnings, this article examines four alternative measures: final preretirement earnings, constant income payable from the present value of lifetime earnings (PV payment), wage-indexed average of lifetime earnings, and inflation-adjusted average of lifetime earnings (CPI average). The article also calculates replacement rates for Social Security beneficiaries aged 64–66 in 2005.
..., employer sponsored pensions, personal savings, and other sources. These calculations are repeate...Likewise, the "buffer-stock" theory of saving, in which younger individu...
Inflation has been slightly higher than projected. Measured by the consumer price index (CPI), inflation is now higher than 3%. A strong rise in prices for electricity and petrol has pushed up CPI inflation since autumn 2007. Inflation has increased in many countries. Oil and gas prices have risen further through spring. Capacity utilization in Norway is high. An ample supply of labor, strong productivity growth and considerable terms of trade gains through several years have boosted the growth potential of the Norwegian economy. Growth in the Norwegian economy seems to have slowed as expected in 2008 Q1. Enterprises in Norges Bank's regional network report high capacity utilization but moderating growth in most of the industries. Monetary policy in Norway is oriented towards annual con...
... lead to a rapid increase in the household saving ratio and slower consumption growth. This may also...Equity prices on the Oslo Stock Exchange have also fallen recently, but are still ... banks may wish to have an extra liquidity buffer in uncertain times. The combination of reduced sup...
... Life Expectancies and Values of Life Saving: A Numerical Analysis 10760 A. Mitchell Polinsky O...Gentry Do Stock Prices Really Reflect Charles M. Jones Fundamental... Carroll Theoretical Foundation of Buffer Stock Saving 10868 Elizabeth Brainerd Autopsy on a...
... proposal does add some new funding for stock assessments, if new information from new stock sur... played a critical role in issuing life-saving information to emergency officials and the public ... a small part of whatever precautionary buffer might be included, and then scientific uncertainty...
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