Published in:IMF Working Paper, Vol. , pp. 1-33, 2006
Extent:
1 Online-Ressource (33 p)
Language:
Not determined
DOI:
10.2139/ssrn.910696
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 2006 erstellt
Description:
This paper provides detailed empirical evidence on the saving behavior of Irish households using micro data from the 1994/1995 and 1999/2000 Household Budget Surveys. I employ synthetic cohort techniques to characterize the life cycle profile of saving rates and to examine the response of household saving to house price appreciation. The analysis suggests that households at the peak of their working lives have relatively low savings though there is no evidence of a generational savings gap. Also, despite housing being a major component of Irish households, wealth, there is no strong relationship between savings and housing capital gains