Steven Lugauer
University of Kentucky
37 Papers
133 Citations
Steven Lugauer is an academic researcher from University of Kentucky. The author has contributed to research in topics: Population & Volatility (finance). The author has an hindex of 14, co-authored 32 publications. Previous affiliations of Steven Lugauer include University of Notre Dame.
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Papers
Demographic Patterns and Household Saving in China
Abstract: This paper studies the effect that changing demographic patterns have had on the house-hold saving rate in China. We undertake a quantitative investigation using an overlappinggenerations (OLG) model where agents live for 85 years. Consumers begin to exercise deci-sion making when they are 18. From age 18 to 60, they work and raise children. Dependentchildren’s utility enter into parent’s utility where parents choose the consumption level of theyoung until they leave the household. Working agents give a portion of their labor income totheir retired parents and save for their own retirement while the aged live on their accumulatedassets and support from their children. Remaining assets are bequeathed to the living upondeath. We parameterize the model and take future demographic changes, labor income andinterest rates as exogenously given from the data. We then run the model from 1963 to 2009and find that the model accounts for nearly all the observed increase in the household savingrate.Keywords: Saving, Life-Cycle, China, Demographics, Overlapping GenerationsJEL: E2, J1
The effect of household appliances on female labor force participation: Evidence from microdata ☆
TL;DR: In this article, the authors estimate the effect of household appliance ownership on the labor force participation rate of married women using micro-level data from the 1960 and 1970 U.S. Censuses.
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•Posted Content
Demographic Patterns and Household Saving in China
Steven Lugauer,Nelson C. Mark +1 more
TL;DR: In this article, the authors studied how changing demographics can explain much of the evolution of China's household saving rate from 1955 to 2009, using an overlapping generations model in which agents live for 85 years.
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The Effect of Household Appliances on Female Labor Force Participation: Evidence from Micro Data
TL;DR: This article found evidence in support of the hypothesis that the diffusion of household appliances contributed to the increase in married women's labor force participation rates during the 1960's and 1970s in the United States.
Demographics and Aggregate Household Saving in Japan, China, and India
TL;DR: This article used a model of household life-cycle saving decisions to quantify the impact of demographic changes on aggregate household saving rates in Japan, China, and India, showing that the growing number of retirees suppresses Japanese saving rates, while decreasing family size increases saving for both China and India.
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