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Adults' Financial Literacy and Households' Financial Assets: The Role of Banks Information Policies
Fort, Margherita; Manaresi, Francesco; Trucchi, Serena - CESifo - 2014
We investigate the role of banks information policies in fostering the accumulation of financial knowledge. In Italy, banks belonging to the PattiChiari Consortium implement policies aimed at increasing transparency and procedural simplification, without offering services at lower cost with...
Persistent link: https://www.econbiz.de/10010948806
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Maintaining One's Living Standard at Old Age: What Does that Mean? Evidence Using Panel Data from Germany
Dudel, Christian; Ott, Notburga; Werding, Martin - CESifo - 2013
How much retirement income is needed in order to maintain one’s living standard at old age? As it is difficult to find … replacement rate vis-à-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income … the year of entry into retirement as a rather robust result, while replacement rates keeping the living standard unchanged …
Persistent link: https://www.econbiz.de/10010643338
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Consumption, Wealth, Stock and Housing Returns: Evidence from Emerging Markets
Caporale, Guglielmo Maria; Sousa, Ricardo M. - CESifo - 2011
consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for … wealth held in the form of housing (i.e., when stock and housing assets are substitutes), then they will temporarily reduce …
Persistent link: https://www.econbiz.de/10009325810
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Are Stock and Housing Returns Complements or Substitutes? Evidence from OECD Countries
Caporale, Guglielmo Maria; Sousa, Ricardo M. - CESifo - 2011
deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for …
Persistent link: https://www.econbiz.de/10009352230
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The Impact of Changes in Second Pension Pillars on Public Finances in Central and Eastern Europe
Egert, Balazs - CESifo - 2012
This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries. The paper seeks to answer the following questions: i) what is the impact on the sustainability of Poland’s pension system of the decrease in the pension contribution going...
Persistent link: https://www.econbiz.de/10010546956
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Works Councils and Environmental Investment: Theory and Evidence from German Panel Data
Askildsen, Jan Erik; Jirjahn, Uwe; Smith, Stephan C. - CESifo - 2002
Firms may underinvest in local environmental protection even from the private viewpoint of its owners and employees, but works councils may help mitigate this problem. We show that increases in environmental investments when councils are present could be employee-led, firm-led, or jointly-led....
Persistent link: https://www.econbiz.de/10005766207
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The Benefits of Being Economics Professor A (and not Z)
Praag, Mirjam van; Praag, Bernard M.S. van - CESifo - 2007
Alphabetic name ordering on multi-authored academic papers, which is the convention in the economics discipline and various other disciplines, is to the advantage of people whose last name initials are placed early in the alphabet. As it turns out, Professor A, who has been a first author more...
Persistent link: https://www.econbiz.de/10005766276
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Lessons of the Financial Crisis for the Design of National Pension Systems
Burtless, Gary - CESifo - 2009
The recent financial crisis and historical record suggest important lessons about the design of national pension systems. First, wide fluctuation in asset returns makes it hard for well-informed savers to select a saving rate or a sensible investment strategy for DC pensions. Workers who follow...
Persistent link: https://www.econbiz.de/10005029257
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Corporate Philanthropy and Productivity: Evidence from an Online Real Effort Experiment
Tonin, Mirco; Vlassopoulos, Michael - CESifo - 2014
Contributing to a social cause can be an important driver for workers in the public and non-profit sector as well as in firms that engage in Corporate Philanthropy or other Corporate Social Responsibility policies. This paper compares the effectiveness of social incentives - that take the form...
Persistent link: https://www.econbiz.de/10010764293
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The Effect of Awareness and Incentives on Tax Evasion
Alstadsæter, Annette; Jacob, Martin - CESifo - 2013
We examine the role of tax incentives, tax awareness, and complexity in tax evasion. We observe a specific type of tax evasion among business owners in Swedish administrative panel data, after the tax authority has approved all tax returns. For the period 2006–2009, approximately 5% of tax...
Persistent link: https://www.econbiz.de/10010877805