Personal Savings

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Rural savings, investment, and interest rates in developing countries : evidence from India

This study estimates interest elasticities of rural savings and investment in a major developing country, India, and examines the apparent effects on those factors of policies of financial repression. Critics claim that such policies inhibit rural s...

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The effects of uncertainty on savings, consumption, and labor supply

The purpose of this paper is to develop a theoretical model of individual savings, consumption, and labor supply under uncertainty. This paper differs from existing literature on savings under uncertainty by the explicit treatment of the labor suppl...

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Asset accumulation and family size

Provides estimates of effects of children on asset accumulation, asset composition, consumption, and family income. The net effect of young children is to depress savings for young families, but to increase savings for marriages of duration greater t...

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Asset accumulation and family size

Provides estimates of effects of children on asset accumulation, asset composition, consumption, and family income. The net effect of young children is to depress savings for young families, but to increase savings for marriages of duration greater t...

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Assets, Savings, and Labor Supply

Using a life cycle model, this paper explores the relationship between asset ownership and market work. Demand equations are derived for the time and goods required in home production at every adult age.

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Human Capital Theory: Education, Discrimination, and Lifecycles.

Discusses the current state of knowledge about, and the most important unsettled issues in, three topics that are part of the overall question of income distributions: wealth distributions and lifecycle earnings profiles; sources of income returns t...

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Bibliography on the Distribution of Income and Wealth, 1945-1970.

A highly selective bibliography on the distribution of income and wealth, 1945-1970, heavily weighted in both distribution theory and narrative accounts of the American experience. Part I is a brief listing of bibliographies. Part II lists books an...

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Michael D. Hurd