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El ahorro privado de las familias y las pensiones públicas en Alemania y Estados Unidos:¿cumplimiento de la hipótesis del ciclo vital?
[Household private saving and public pensions in Germany and the United States:¿Does the life-cycle hypothesis hold?]


  • Hernandez Martinez, Fernando


This paper details how ageing is affecting to private saving and public pensions. In this way, it analyses if Life-Cycle Hypothesis is carrying out for individuals about their saving behaviours and if Pension Public Systems can make them to vary. For this reason, it establishes a specifically household saving comparative for Germany and Unites States, studying also their ageing evolution and pay capacity of public pension retirement.

Suggested Citation

  • Hernandez Martinez, Fernando, 2007. "El ahorro privado de las familias y las pensiones públicas en Alemania y Estados Unidos:¿cumplimiento de la hipótesis del ciclo vital?
    [Household private saving and public pensions in Germany and t
    ," MPRA Paper 18044, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:18044

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    References listed on IDEAS

    1. Tullio Jappelli & Franco Modigliani, 2006. "The Age–Saving Profile and the Life-Cycle Hypothesis," Chapters,in: Long-run Growth and Short-run Stabilization, chapter 2 Edward Elgar Publishing.
    2. Orazio Attanasio, 1997. "Consumption and saving behaviour: modelling recent trends," Fiscal Studies, Institute for Fiscal Studies, vol. 18(1), pages 23-47, February.
    3. Modigliani,Franco & Muralidhar,Arun, 2005. "Rethinking Pension Reform," Cambridge Books, Cambridge University Press, number 9780521676533, March.
    4. Feldstein, Martin, 2002. "The future of social security pensions in Europe," Journal of Financial Transformation, Capco Institute, vol. 5, pages 8-12.
    5. Montserrat Ferré Carracedo & Agustín García García & Julián Ramajo Hernández, "undated". "Los Efectos De La Política Fiscal Sobre El Ahorro Privado: Evidencia Para La Ocde," Working Papers 3-04 Classification-JEL :, Instituto de Estudios Fiscales.
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    More about this item


    life–cycle hypothesis; private saving; pension public system; ageing; Germany; United States;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth


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