메뉴 건너뛰기




Volumn 28, Issue 4, 1999, Pages 457-473

Institutional determinants of saving: Implications for low-income households and public policy

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0011152398     PISSN: 10535357     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1053-5357(99)00046-3     Document Type: Article
Times cited : (174)

References (89)
  • 1
    • 0028600244 scopus 로고
    • The savings of ordinary Americans: The Philadelphia Saving Fund Society in the mid-nineteenth century
    • Alter G., Goldin C., Rotella E. The savings of ordinary Americans The Philadelphia Saving Fund Society in the mid-nineteenth century . J Econ History. 54:(4):1994;735-767.
    • (1994) J Econ History , vol.54 , Issue.4 , pp. 735-767
    • Alter, G.1    Goldin, C.2    Rotella, E.3
  • 2
    • 0003118448 scopus 로고
    • The "life cycle" hypothesis of saving: Aggregate implications and tests
    • Ando A., Modigliani F. The "life cycle" hypothesis of saving aggregate implications and tests . Am Econ Rev. 53:1963;55-84.
    • (1963) Am Econ Rev , vol.53 , pp. 55-84
    • Ando, A.1    Modigliani, F.2
  • 4
    • 0007385336 scopus 로고
    • Personal saving, information, and economic literacy
    • Washington, DC: American Council for Capital Formation 53-78).
    • Bernheim, B. D. (1994). Personal saving, information, and economic literacy. In Tax Policy for Economic Growth in the 1990s (pp. 53-78). Washington, DC: American Council for Capital Formation.
    • (1994) In Tax Policy for Economic Growth in the 1990s
    • Bernheim, B.D.1
  • 5
    • 0004863696 scopus 로고
    • Do households appreciate their financial vulnerabilities? An analysis of actions, perceptions, and public policy
    • Washington, DC: American Council for Capital Formation 1-30).
    • Bernheim, B. D. (1995). Do households appreciate their financial vulnerabilities? An analysis of actions, perceptions, and public policy. In Tax Policy and Economic Growth (pp. 1-30). Washington, DC: American Council for Capital Formation.
    • (1995) In Tax Policy and Economic Growth
    • Bernheim, B.D.1
  • 6
    • 0000940898 scopus 로고    scopus 로고
    • Rethinking saving incentives
    • A. Auerbach. Cambridge, MA: MIT Press
    • Bernheim B.D. Rethinking saving incentives. Auerbach A. Fiscal policy Lessons from Economic Research . 1996;259-311 MIT Press, Cambridge, MA.
    • (1996) Fiscal Policy: Lessons from Economic Research , pp. 259-311
    • Bernheim, B.D.1
  • 9
    • 0004860907 scopus 로고
    • Pension funding and saving
    • Z. Bodie, J.B. Shoven, & D.A. Wise. Chicago: University of Chicago Press and NBER
    • Bernheim B.D., Shoven J.B. Pension funding and saving. Bodie Z., Shoven J.B., Wise D.A. Pensions in the U.S. Economy. 1988;85-111 University of Chicago Press and NBER, Chicago.
    • (1988) Pensions in the U.S. Economy , pp. 85-111
    • Bernheim, B.D.1    Shoven, J.B.2
  • 10
    • 0001898935 scopus 로고
    • Taxation, saving, and the rate of interest
    • Boskin M.J. Taxation, saving, and the rate of interest. J Polit Econ. 86:(2):1978;S3-S27.
    • (1978) J Polit Econ , vol.86 , Issue.2
    • Boskin, M.J.1
  • 12
    • 0011551622 scopus 로고
    • Savings and the distribution of income
    • Bunting D. Savings and the distribution of income. J Post Keynesian Econ. 14:(1):1991;3-22.
    • (1991) J Post Keynesian Econ , vol.14 , Issue.1 , pp. 3-22
    • Bunting, D.1
  • 14
    • 38249035471 scopus 로고
    • Why have private savings rates in the United States and Canada diverged?
    • Carroll C., Summers L.H. Why have private savings rates in the United States and Canada diverged? J Monetary Econ. 20:1987;249-279.
    • (1987) J Monetary Econ , vol.20 , pp. 249-279
    • Carroll, C.1    Summers, L.H.2
  • 15
    • 0028600139 scopus 로고
    • How does future income affect current consumption?
    • Carroll C.D. How does future income affect current consumption? Quart J Econ. 109:(1):1994;111-147.
    • (1994) Quart J Econ , vol.109 , Issue.1 , pp. 111-147
    • Carroll, C.D.1
  • 16
    • 0038969196 scopus 로고    scopus 로고
    • Buffer-stock saving and the life cycle/permanent income hypothesis
    • Carroll C.D. Buffer-stock saving and the life cycle/permanent income hypothesis. Quart J Econ. 12:(1):1997;1-55.
    • (1997) Quart J Econ , vol.12 , Issue.1 , pp. 1-55
    • Carroll, C.D.1
  • 17
    • 0031232423 scopus 로고    scopus 로고
    • The nature of precautionary wealth
    • Carroll C.D., Samwick A.A. The nature of precautionary wealth. J Monetary Econ. 40:(1):1997;41-71.
    • (1997) J Monetary Econ , vol.40 , Issue.1 , pp. 41-71
    • Carroll, C.D.1    Samwick, A.A.2
  • 19
    • 0043009474 scopus 로고
    • Consumer socialization: Children's saving and spending
    • Cohen S. Consumer socialization children's saving and spending . Childhood Education. 70:(4):1994;244-246.
    • (1994) Childhood Education , vol.70 , Issue.4 , pp. 244-246
    • Cohen, S.1
  • 20
    • 0001517908 scopus 로고
    • Saving and liquidity constraints
    • Deaton A. Saving and liquidity constraints. Econometrica. 59:(5):1991;1221-1248.
    • (1991) Econometrica , vol.59 , Issue.5 , pp. 1221-1248
    • Deaton, A.1
  • 22
    • 0002572741 scopus 로고
    • Individual retirement and savings behavior
    • Diamond P.A., Hausman J.A. Individual retirement and savings behavior. J Public Econ. 23:1984;81-114.
    • (1984) J Public Econ , vol.23 , pp. 81-114
    • Diamond, P.A.1    Hausman, J.A.2
  • 24
    • 0004108117 scopus 로고
    • (U.S. Bureau of the Census Current Population Reports P70-47). Washington, DC: U.S. Government Printing Office
    • Eller, T. J., & Fraser, W. (1995). Asset Ownership of Households: 1993 (U.S. Bureau of the Census Current Population Reports P70-47). Washington, DC: U.S. Government Printing Office.
    • (1995) Asset Ownership of Households: 1993
    • Eller, T.J.1    Fraser, W.2
  • 26
    • 0013327549 scopus 로고
    • Tax policy, the interest elasticity of saving, and capital accumulation: Numerical analysis of theoretical models
    • Evans O.J. Tax policy, the interest elasticity of saving, and capital accumulation numerical analysis of theoretical models . Am Econ Rev. 73:(3):1983;398-410.
    • (1983) Am Econ Rev , vol.73 , Issue.3 , pp. 398-410
    • Evans, O.J.1
  • 31
    • 0042409802 scopus 로고
    • Why do people save? Attitudes to, and habits of, saving money in Britain
    • Furnham A. Why do people save? Attitudes to, and habits of, saving money in Britain. J Appl Soc Psychol. 15:(4):1985;354-373.
    • (1985) J Appl Soc Psychol , vol.15 , Issue.4 , pp. 354-373
    • Furnham, A.1
  • 33
    • 0011307153 scopus 로고
    • Do Individual Retirement Accounts increase savings?
    • Gravelle J.G. Do Individual Retirement Accounts increase savings? J Econ Perspect. 5:(2):1991;133-148.
    • (1991) J Econ Perspect , vol.5 , Issue.2 , pp. 133-148
    • Gravelle, J.G.1
  • 34
    • 84965629270 scopus 로고
    • A critique of the neo-Fisherian consumption function
    • Green, F. (1984). A critique of the neo-Fisherian consumption function. Rev Rad Polit Econ 16(2/3), 95-114.
    • (1984) Rev Rad Polit Econ , vol.16 , Issue.2-3 , pp. 95-114
    • Green, F.1
  • 37
    • 0040360167 scopus 로고
    • Do IRAs and Keoghs increase savings?
    • Hubbard R.G. Do IRAs and Keoghs increase savings? Natl Tax J. 37:1984;43-54.
    • (1984) Natl Tax J , vol.37 , pp. 43-54
    • Hubbard, R.G.1
  • 38
    • 0001397585 scopus 로고
    • Expanding the life-cycle model: Precautionary saving and public policy
    • Hubbard R.G., Skinner J., Zeldes S.P. Expanding the life-cycle model precautionary saving and public policy . Am Econ Rev. 84:(2):1994;174-179.
    • (1994) Am Econ Rev , vol.84 , Issue.2 , pp. 174-179
    • Hubbard, R.G.1    Skinner, J.2    Zeldes, S.P.3
  • 40
    • 84937283253 scopus 로고
    • Precautionary saving and social insurance
    • Hubbard R.G., Skinner J., Zeldes S.P. Precautionary saving and social insurance. J Polit Econ. 103:(2):1995;360-399.
    • (1995) J Polit Econ , vol.103 , Issue.2 , pp. 360-399
    • Hubbard, R.G.1    Skinner, J.2    Zeldes, S.P.3
  • 41
    • 0001791063 scopus 로고    scopus 로고
    • Assessing the effectiveness of saving incentives
    • Hubbard R.G., Skinner J.S. Assessing the effectiveness of saving incentives. J Econ Perspect. 10:(4):1996;73-90.
    • (1996) J Econ Perspect , vol.10 , Issue.4 , pp. 73-90
    • Hubbard, R.G.1    Skinner, J.S.2
  • 42
    • 0042901019 scopus 로고
    • The importance of gifts and inheritances among the affluent
    • In R. E. Lipsey & H. S. Tice (Eds.), Chicago: University of Chicago Press
    • Hurd, M. D., & Mundaca, B. G. (1989). The importance of gifts and inheritances among the affluent. In R. E. Lipsey & H. S. Tice (Eds.), The Measurement of Saving, Investment, and Wealth (Vol. 52, pp. 737-758). Chicago: University of Chicago Press.
    • (1989) The Measurement of Saving, Investment, and Wealth , vol.52 , pp. 737-758
    • Hurd, M.D.1    Mundaca, B.G.2
  • 45
    • 0042007784 scopus 로고
    • Microeconomic aspects of saving
    • A. Heertje. Cambridge, MA: Blackwell
    • Kauffmann B. Microeconomic aspects of saving. Heertje A. World Savings An International Survey . 1993;31-63 Blackwell, Cambridge, MA.
    • (1993) World Savings: An International Survey , pp. 31-63
    • Kauffmann, B.1
  • 48
    • 84935643419 scopus 로고
    • Poverty and the rate of time preference: Evidence from panel data
    • Lawrance E.C. Poverty and the rate of time preference evidence from panel data . J Polit Econ. 99:(1):1991;54-77.
    • (1991) J Polit Econ , vol.99 , Issue.1 , pp. 54-77
    • Lawrance, E.C.1
  • 49
    • 38149144661 scopus 로고
    • Psychological, social and economic determinants of saving: Comparing recurrent and total savings
    • Lunt P.K., Livingstone S.M. Psychological, social and economic determinants of saving comparing recurrent and total savings . J Econ Psychol. 12:1991;621-641.
    • (1991) J Econ Psychol , vol.12 , pp. 621-641
    • Lunt, P.K.1    Livingstone, S.M.2
  • 50
    • 0042508539 scopus 로고
    • Prometheus rebound: On welfare-improving constraints
    • Maital S. Prometheus rebound on welfare-improving constraints . Eastern Econ J. 12:(3):1986;337-344.
    • (1986) Eastern Econ J , vol.12 , Issue.3 , pp. 337-344
    • Maital, S.1
  • 51
    • 0042508543 scopus 로고
    • Is the future what it used to be? A behavioral theory of the decline of saving in the West
    • Maital S., Maital S.L. Is the future what it used to be? A behavioral theory of the decline of saving in the West. J Soc-Econ. 23:(1/2):1994;1-32.
    • (1994) J Soc-Econ , vol.23 , Issue.1-2 , pp. 1-32
    • Maital, S.1    Maital, S.L.2
  • 52
    • 0000676067 scopus 로고
    • Income distribution, lifetime savings, and bequests
    • Menchik P.L., David M. Income distribution, lifetime savings, and bequests. Am Econ Rev. 73:(4):1983;672-690.
    • (1983) Am Econ Rev , vol.73 , Issue.4 , pp. 672-690
    • Menchik, P.L.1    David, M.2
  • 53
    • 0022919999 scopus 로고
    • Life cycle, individual thrift, and the wealth of nations
    • Modigliani F. Life cycle, individual thrift, and the wealth of nations. Am Econ Rev. 76:(3):1986;297-313.
    • (1986) Am Econ Rev , vol.76 , Issue.3 , pp. 297-313
    • Modigliani, F.1
  • 54
  • 55
    • 84925742247 scopus 로고
    • Utility analysis and the consumption function: An interpretation of cross-section data
    • K.K. Kurihara. New Brunswick, NJ: Rutgers University Press
    • Modigliani F., Brumberg R. Utility analysis and the consumption function an interpretation of cross-section data . Kurihara K.K. Post-Keynesian Economics. 1954;388-436 Rutgers University Press, New Brunswick, NJ.
    • (1954) Post-Keynesian Economics , pp. 388-436
    • Modigliani, F.1    Brumberg, R.2
  • 56
    • 0000869034 scopus 로고
    • Institutions
    • Neale W.C. Institutions. J Econ Issues. 21:(3):1987;1177-1206.
    • (1987) J Econ Issues , vol.21 , Issue.3 , pp. 1177-1206
    • Neale, W.C.1
  • 57
    • 38249016074 scopus 로고
    • Do individuals optimize in intertemporal consumption/savings decisions? A liberal method to encourage savings
    • Ng Y.K. Do individuals optimize in intertemporal consumption/savings decisions? A liberal method to encourage savings. J Econ Behav Org. 17:1992;101-114.
    • (1992) J Econ Behav Org , vol.17 , pp. 101-114
    • Ng, Y.K.1
  • 60
    • 0000601448 scopus 로고    scopus 로고
    • Asset building as a community revitalization strategy
    • Page-Adams D., Sherraden M. Asset building as a community revitalization strategy. Social Work. 42:(5):1997;423-434.
    • (1997) Social Work , vol.42 , Issue.5 , pp. 423-434
    • Page-Adams, D.1    Sherraden, M.2
  • 61
    • 0001934647 scopus 로고
    • Do 401(k) contributions crowd out other personal saving?
    • Poterba J.M., Venti S.F., Wise D.A. Do 401(k) contributions crowd out other personal saving? J Public Econ. 58:(1):1993;1-32.
    • (1993) J Public Econ , vol.58 , Issue.1 , pp. 1-32
    • Poterba, J.M.1    Venti, S.F.2    Wise, D.A.3
  • 62
    • 0004833314 scopus 로고
    • 401(k) plans and tax-deferred saving
    • D. Wise. Chicago: University of Chicago Press
    • Poterba J.M., Venti S.F., Wise D.A. 401(k) plans and tax-deferred saving. Wise D. Studies in the Economics of Aging. 1994;105-142 University of Chicago Press, Chicago.
    • (1994) Studies in the Economics of Aging , pp. 105-142
    • Poterba, J.M.1    Venti, S.F.2    Wise, D.A.3
  • 65
    • 0024730868 scopus 로고
    • Factors associated with adolescent saving and spending patterns
    • Pritchard M.E., Myers B.K., Cassidy D. Factors associated with adolescent saving and spending patterns. Adolescence. 24:(95):1989;711-723.
    • (1989) Adolescence , vol.24 , Issue.95 , pp. 711-723
    • Pritchard, M.E.1    Myers, B.K.2    Cassidy, D.3
  • 66
    • 84977427532 scopus 로고
    • The behavioral life-cycle hypothesis
    • Shefrin H.M., Thaler R.H. The behavioral life-cycle hypothesis. Economic Inquiry. 26:1988;609-643.
    • (1988) Economic Inquiry , vol.26 , pp. 609-643
    • Shefrin, H.M.1    Thaler, R.H.2
  • 67
    • 84929228028 scopus 로고
    • Stakeholding: Notes on a theory of welfare based on assets
    • Sherraden M. Stakeholding notes on a theory of welfare based on assets . Soc Serv Rev. 64:(4):1990;580-601.
    • (1990) Soc Serv Rev , vol.64 , Issue.4 , pp. 580-601
    • Sherraden, M.1
  • 71
    • 0039945931 scopus 로고
    • Toward a theory of saving
    • J.H. Gapinski. Boston: Klewer Academic Publishers
    • Smyth D.J. Toward a theory of saving. Gapinski J.H. The Economics of Saving. 1993;47-92 Klewer Academic Publishers, Boston.
    • (1993) The Economics of Saving , pp. 47-92
    • Smyth, D.J.1
  • 72
    • 0041071538 scopus 로고
    • The relation between schooling and savings behavior: An example of the indirect effects of education
    • F.T. Juster. New York: McGraw-Hill
    • Solmon L.C. The relation between schooling and savings behavior an example of the indirect effects of education . Juster F.T. Education, Income, and Human Behavior. 1975;253-293 McGraw-Hill, New York.
    • (1975) Education, Income, and Human Behavior , pp. 253-293
    • Solmon, L.C.1
  • 74
    • 0042007787 scopus 로고
    • Saving behavior in Western Germany and the United States
    • Strumpel B. Saving behavior in Western Germany and the United States. Am Econ Rev. 65:(2):1975;210-216.
    • (1975) Am Econ Rev , vol.65 , Issue.2 , pp. 210-216
    • Strumpel, B.1
  • 75
    • 0011068002 scopus 로고
    • Determinants of saving: Theory and evidence
    • Sturm P.H. Determinants of saving theory and evidence . OECD Economic Studies. 1:1983;147-196.
    • (1983) OECD Economic Studies , vol.1 , pp. 147-196
    • Sturm, P.H.1
  • 77
    • 0000985658 scopus 로고
    • Capital taxation and accumulation in a life cycle growth model
    • Summers L.H. Capital taxation and accumulation in a life cycle growth model. Am Econ Rev. 71:(4):1981;533-544.
    • (1981) Am Econ Rev , vol.71 , Issue.4 , pp. 533-544
    • Summers, L.H.1
  • 78
    • 0000396047 scopus 로고
    • Saving, fungibility, and mental accounts
    • Thaler R.H. Saving, fungibility, and mental accounts. J Econ Perspect. 4:(1):1990;193-205.
    • (1990) J Econ Perspect , vol.4 , Issue.1 , pp. 193-205
    • Thaler, R.H.1
  • 79
    • 0000809570 scopus 로고
    • An economic theory of self-control
    • Thaler R.H., Shefrin H.M. An economic theory of self-control. J Polit Econ. 89:(2):1981;392-401.
    • (1981) J Polit Econ , vol.89 , Issue.2 , pp. 392-401
    • Thaler, R.H.1    Shefrin, H.M.2
  • 80
    • 0041506768 scopus 로고
    • U.S. General Accounting Office. Washington, DC: U.S. Government Printing Office
    • U.S. General Accounting Office. (1988). 401(k) plans: Incidence, provisions and benefits. Washington, DC: U.S. Government Printing Office.
    • (1988) 401(k) Plans: Incidence, Provisions and Benefits
  • 81
    • 38249025528 scopus 로고
    • Economic news, expectations and macro-economic behavior
    • Van Raaij W.F. Economic news, expectations and macro-economic behavior. J Econ Psychol. 10:1989;473-493.
    • (1989) J Econ Psychol , vol.10 , pp. 473-493
    • Van Raaij, W.F.1
  • 82
    • 38249019271 scopus 로고
    • Consumer confidence, expenditure, saving, and credit
    • Van Raaij W.F., Gianotten H.J. Consumer confidence, expenditure, saving, and credit. J Econ Psychol. 11:(2):1990;269-290.
    • (1990) J Econ Psychol , vol.11 , Issue.2 , pp. 269-290
    • Van Raaij, W.F.1    Gianotten, H.J.2
  • 83
    • 84963017692 scopus 로고
    • Tax-deferred accounts, constrained choice and estimation of individual saving
    • Venti S.F., Wise D.A. Tax-deferred accounts, constrained choice and estimation of individual saving. Rev Econ Studies. 53:1986;579-601.
    • (1986) Rev Econ Studies , vol.53 , pp. 579-601
    • Venti, S.F.1    Wise, D.A.2
  • 85
    • 0000714950 scopus 로고
    • Have IRAs increased U.S. saving? Evidence from Consumer Expenditure Surveys
    • Venti S.F., Wise D.A. Have IRAs increased U.S. saving? Evidence from Consumer Expenditure Surveys. Quart J Econ. 105:(3):1990;661-698.
    • (1990) Quart J Econ , vol.105 , Issue.3 , pp. 661-698
    • Venti, S.F.1    Wise, D.A.2
  • 86
    • 0009924637 scopus 로고
    • The saving effect of tax-deferred retirement accounts: Evidence from SIPP
    • B.D. Bernheim, & J.B. Shoven. Chicago: University of Chicago Press
    • Venti S.F., Wise D.A. The saving effect of tax-deferred retirement accounts evidence from SIPP . Bernheim B.D., Shoven J.B. National Saving and Economic Performance. 1991;103-131 University of Chicago Press, Chicago.
    • (1991) National Saving and Economic Performance , pp. 103-131
    • Venti, S.F.1    Wise, D.A.2
  • 87
    • 0041506765 scopus 로고
    • Government policy and personal retirement saving
    • Venti S.F., Wise D.A. Government policy and personal retirement saving. Tax Policy and the Economy. 6:1992;1-41.
    • (1992) Tax Policy and the Economy , vol.6 , pp. 1-41
    • Venti, S.F.1    Wise, D.A.2
  • 88
    • 0009456925 scopus 로고
    • Household spending and saving: Measurement, trends, and analysis
    • Wilcox D.W. Household spending and saving measurement, trends, and analysis . Fed Res Bull. 77:(1):1991;1-17.
    • (1991) Fed Res Bull , vol.77 , Issue.1 , pp. 1-17
    • Wilcox, D.W.1
  • 89
    • 0000851789 scopus 로고    scopus 로고
    • Recent trends in the size distribution of household wealth
    • Wolff E.N. Recent trends in the size distribution of household wealth. J Econ Perspect. 12:(3):1998;131-150.
    • (1998) J Econ Perspect , vol.12 , Issue.3 , pp. 131-150
    • Wolff, E.N.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.