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With states facing tightening Medicaid budgets, the high cost of financing long-term care for the elderly through Medicaid has prompted proposals to make private long-term care insurance (LTCI) more affordable through tax incentives. The effectiveness of tax incentives for stimulating LTCI...
Persistent link: https://www.econbiz.de/10009439040
considered three adverseimpacts of population growth on savings and capital formation........ …
Persistent link: https://www.econbiz.de/10009475530
Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly … that the calibrated model with both frictions produces a savings–investment correlation and a volume of capital flows close …
Persistent link: https://www.econbiz.de/10009476626
changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …
Persistent link: https://www.econbiz.de/10009477527
This paper examines the impact of declines in adult mortality on growth in an overlapping generations model. With public education and imperfect annuity markets, a decline in mortality affects growth through three channels. First, it raises the saving rate and thereby increases the rate of...
Persistent link: https://www.econbiz.de/10009447922
(1990). This particular feature enables us to isolate the effect of risk aversion on precautionary savings. Furthermore, I … intertemporal distortions on precautionary savings in finite and infinite horizon models of a small open economy. The effects of … of shocks on precautionary savings and verify that these are qualitatively identical to the ones observed with CES …
Persistent link: https://www.econbiz.de/10009450605
-period dynamic model that under certain conditions nonbank intermediation increases an economy's savings mobilization and contributes … to banks in financial intermediation, increased the savings mobilization, and in the end contributed to the economic …
Persistent link: https://www.econbiz.de/10009451225
This paper considers savings, investment and economic growth for India using annual time series data for the period …
Persistent link: https://www.econbiz.de/10009457634
Financial liberalisation, through increasing investment as well as the average productivity of capital, should stimulate economic growth, or so the theory goes. Bank lending unfortunately suffers adverse selection and moral hazard effects, to which the establishment and expansion of stock...
Persistent link: https://www.econbiz.de/10009457735
Purpose – This paper aims to delineate the short- and long-run relationships between savings, real interest rate … cent increase in growth rate increases savings by over 0.07 and 0.5 per cent, respectively; a 1 per cent increase in the … CAD reduces savings rate by 0.01 and 0.02 per cent, respectively; and the negative coefficient on the real interest rate …
Persistent link: https://www.econbiz.de/10009483967