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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?]

Author

Listed:
  • Hernandez Martinez, Fernando

Abstract

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
    as

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    File URL: https://mpra.ub.uni-muenchen.de/18044/1/MPRA_paper_18044.pdf
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    References listed on IDEAS

    as
    1. Feldstein, Martin, 2002. "The future of social security pensions in Europe," Journal of Financial Transformation, Capco Institute, vol. 5, pages 8-12.
    2. Tullio Jappelli & Franco Modigliani, 2006. "The Age–Saving Profile and the Life-Cycle Hypothesis," Chapters, in: Lawrence R. Klein (ed.), Long-run Growth and Short-run Stabilization, chapter 2, Edward Elgar Publishing.
    3. Modigliani,Franco & Muralidhar,Arun, 2005. "Rethinking Pension Reform," Cambridge Books, Cambridge University Press, number 9780521676533, June.
    4. Orazio Attanasio, 1997. "Consumption and saving behaviour: modelling recent trends," Fiscal Studies, Institute for Fiscal Studies, vol. 18(1), pages 23-47, February.
    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.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    life–cycle hypothesis; private saving; pension public system; ageing; Germany; United States;
    All these keywords.

    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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