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worked in product and labour markets in China’s economic reform in practice. …
Persistent link: https://www.econbiz.de/10005504255
A three-sector macromodel of China’s economy is developed, in which the activity of state-owned enterprises (SOEs) is …
Persistent link: https://www.econbiz.de/10005661445
expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …
Persistent link: https://www.econbiz.de/10008550318
This paper examines the relative savings position of migrant households in West Germany, paying particular attention to …), our findings reveal significant differences in the savings rates between foreign-born and German-born individuals. These … the determinants of immigrants’ savings rates reveal that intended return migration does not only affect remittances, but …
Persistent link: https://www.econbiz.de/10005124460
to exist. It also predicts where formal insurance is likely to flourish: insurance groups that hold savings become more … Ethiopian funeral insurance groups and their members to motivate and test our model. Those which hold savings and collect …
Persistent link: https://www.econbiz.de/10011096095
We examine the returns from owning cows and buffaloes in rural India. We estimate that when valuing labor at market wages, households earn large, negative average returns from holding cows and buffaloes, at negative 64% and negative 39% respectively. This puzzle is mostly explained if we value...
Persistent link: https://www.econbiz.de/10011083843
In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel data on households in five countries: Spain and Italy (the South), and Germany, Britain, and the US (the North). Our empirical results indicate that an increase in the duration...
Persistent link: https://www.econbiz.de/10005791504
In an overlapping generations model, rents to human capital play a key role in increasing savings. In the absence of … because it allows inframarginal workers to earn rents on their human capital, which then increase savings. Public education is …
Persistent link: https://www.econbiz.de/10005662008
Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population …
Persistent link: https://www.econbiz.de/10011083803
Pareto-improving economic reforms that also simultaneously achieve efficiency can be implemented through a strategy of ‘dual-track’ liberalization. Its success requires the feasibility of the original plan and its continued enforcement by the state. The Chinese experience demonstrates that...
Persistent link: https://www.econbiz.de/10005792369