Testing the direct substitutability hypotheses of saving
- 1 February 1986
- journal article
- research article
- Published by Taylor & Francis in Applied Economics
- Vol. 18 (2) , 143-155
- https://doi.org/10.1080/00036848600000020
Abstract
This paper contains some tests for the direct substitutability hypotheses of household saving with respect to corporate and /or government savng by using an international data set from 12 OECD countries. On the whole findings suggest that the hypothesis according to which households pierce (party) through the ‘corporate veil’ cannot be rejected, while the hypothesis that households subsume government behaviour under their own behaviour does not get clear support.Keywords
This publication has 12 references indexed in Scilit:
- The effect of unemployment risk on consumption behaviorJournal of Economics, 1982
- Are Tax Cuts Stimulatory?The Review of Economics and Statistics, 1982
- Economics and Consumer BehaviorPublished by Cambridge University Press (CUP) ,1980
- Social security and consumer spending in an international cross sectionJournal of Public Economics, 1979
- Corporate taxation, retained earnings, and capital formationJournal of Public Economics, 1979
- Are Government Bonds Net Wealth?Journal of Political Economy, 1974
- Are Future Taxes Anticipated by Consumers?: CommentJournal of Money, Credit and Banking, 1974
- Private Savings: Ultrarationality, Aggregation, and 'Denison's Law'Journal of Political Economy, 1974
- Taxes, Corporate Dividend Policy and Personal Savings: The British Postwar ExperienceThe Review of Economics and Statistics, 1973
- Tax incentives, corporate saving, and capital accumulation in the United StatesJournal of Public Economics, 1973