remittances to savings. On average, an increase in inward remittances by 1% leads to about 0.10% increase in savings ceteris … case. Quite outstanding here is the observation of the detrimental role of remittances on savings in the long-run once … direct investment (FDI), and foreign aid were found to be important moderators of the remittances-savings linkage. For the …

People often disregard the need for individual savings for old-age although a decreasing rate of birth and an … like banks and insurance companies which support their savings plans. We apply the behavioral life-cycle hypothesis to … have a large impact on oldage savings behavior. Our results differ across intermediary groups. They have important policy …

prudently; provide a wide variety of financial services to firms, farms, and households; mobilize savings effectively; identify …