Do the Rich Save More?

By Karen E. Dynan, Jonathan S. Skinner, Stephen P. Zeldes. Journal of Political Economy, 2004

282 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Gender Studies

View Paper: https://www.semanticscholar.org/paper/2255c6b3a33ef02b8a7f6d2aa78d726f3467ac8c

Citations in the corpus

• Income Inequality, Consumption, and Social-Status Seeking (2011, unknown): “4 For example, Musgrove (1980), Menchik and David (1983), Stoker (1986) and Dynan et al. (2004) suggest that due to the differences in the concavity of utility function, precautionary saving, or bequest motive, the saving rate of high-income families is higher than that of low-income families.”
• The Importance of Bequests and Life-Cycle Saving in Capital Accumulation: A New Answer (2002, unknown): “See Dynan et al .”
• Optimizing the equity-bond-annuity portfolio in retirement: The impact of uncertain health expenses (2010, unknown): “Dynan et al. (2004) posit that the precautionary saving with uncertain health expenses and bequest motives are likely the main driving forces for the non-dissaving in old age and saving variations across income groups.”
• Global Income Distribution: From the Fall of the Berlin Wall to the Great Recession (2013, unknown): “We did not adopt such an approach because of (1) the issues with national accounts data discussed above and (2) evidence that the savings rate is not invariant with income (Dynan et al., 2004).”
• The Welfare Cost of Asymmetric Information: Evidence from the U.K. Annuity Market (2007, unknown): “Although we focus primarily on the average welfare, we also brie y discuss distributional implications.”
• Some Evidence on Secular Drivers of US Safe Real Rates (2017, unknown): “•Since higher income families have lower marginal propensities to consume (Dynan et al. (2004)), an increase in inequality will shift the saving schedule out, lowering r. •Finally, an increase in spreads that results from a flight to quality will depress safe rates as savings are shifted from risky…”
• On the Long-Run Evolution of Inheritance: France 1820–2050 (2011, unknown): “See also Dynan et al (2002, 2004) and Kopczuk (2007).”
• Keeping Up With the Joneses: Analyzing the Effect of Income Inequality on Consumer Borrowing (2005, unknown): “could be explained with the higher savings rate of higher income households (Dynan et al., 2004).”