Saving and the Accumulation of Wealth : Essays on Italian Household and Government Saving Behavior (Paperback)

Foreword Antonio Fazio; List of contributors; List of figures; List of tables; Acknowledgements; Introduction Albert Ando, Luigi Guiso and Ignazio Visco; Part I. Saving Trends, Government Deficit and Demographic Changes: 1. Why is Italy's saving rate so high? Luigi Guiso, Tullio Jappelli and Daniele Terlizzese; 2. Private saving and the government deficit in Italy Nicola Rossi and Ignazio Visco; 3. Do demographic changes explain the decline in the saving rate of Italian households? Luigi Cannari; 4. Generational accounting. The case of Italy Daniele Franco, Jagadeesh Gokhale, Luigi Guiso, Laurence J. Kotlikoff and Nicola Sartor; Part II. Life-Cycle Saving and Precautionary Motives: 5. Young households' saving and the life cycle of opportunities. Evidence from Japan and Italy Albert Ando, Luigi Guiso and Daniele Terlizzese; 6. Dissaving by the elderly, transfer motives and liquidity constraints Albert Ando, Luigi Guiso and Daniele Terlizzese; 7. Earnings uncertainty and precautionary saving Luigi Guiso, Tullio Jappelli and Daniele Terlizzese; 8. Risk sharing and precautionary saving Luigo Guiso and Tullio Japelli; Part III. Borrowing Constraints, Intergenerational Transfers and Bequests: 9. Saving and borrowing constraints Livio Maccan, Nicola Rossi and Ignazio Visco; 10. Durables and non-durables consumption: evidence from Italian household data Agar Brugiavini and Guglielmo Weber; 11. Intergenerational transfers and capital market imperfections. Evidence from a cross-section of Italian households Luigi Guiso and Tullio Jappelli; 12. Bequests and saving for retirement. What impels the accumulation of wealth? Fabrizio Barca, Luigi Cannari and Luigi Guiso; Methodological appendix: the bank of Italy's survey of household income and wealth Andrea Brandolini and Luigi Cannari; Statistical appendix; Index.