The buffer-stock theory of saving: some macroeconomic evidence

Article Abstract:

Explanation of the relationship between weak consumption and high unemployment rates is provided by the buffer-stock model in contrast to other consumption models. Results show that the saving rate increases when uncertainty about future income is high. This implies that unemployment expectations can be accurately forecast with the use of the model because it accounts for the separate effects of uncertainty about future income and futurelevel of income.

Models, Unemployment, Consumption (Economics)

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Self-control and saving for retirement

Article Abstract:

A number of Americans perceive early withdrawals from savings plans as an inappropriate behavior, expressing preference for retirement planning. This data implies that consumers are concerned with problems of self-control. Consumers feel that individuals should not be given access to retirement benefits prematurely so as not to spend the said amount on other things other than the sole purpose of retirement benefits.

Retirement Benefits, Analysis, Management, Retirement planning, Self-control, Self control

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Macroeconomic implications of variation in the workweek of capital

Article Abstract:

Research on the variations in the workweek attempts to show its importance in the utilization of capital. The research explains that variations in capital utilization, a point which is inadequately explained by the Keynesian and equilibrium models, is affected largely by the changes in the work shifts of production workers.

Production Mgmt NEC, Research, Production management, Shift work, Capital productivity

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