Showing 1 - 10 of 44
Households in many developed economies now reach retirement with lump sums of financial wealth accumulated through defined contribution retirement plans. Managing wealth from individual accumulations and public provision is critical to retirement welfare. We study the dynamics of retirement...
Persistent link: https://www.econbiz.de/10011185993
We investigate the impact of means tested public income transfers on post-retirement decumulation and portfolio choice using theoretical simulations and panel data on Australian Age Pensioners. Means tested public pension payments in Australia have broad coverage and give insight into the...
Persistent link: https://www.econbiz.de/10010904249
Australian employers are obliged by law to make a minimum compulsory contribution as a proportion of salaries into employees’ superannuation (pension) funds. Individuals can also make voluntary contributions on top of the compulsory amount. We examine voluntary contributions amongst two groups...
Persistent link: https://www.econbiz.de/10010938594
In 2009 the Australian government delivered approximately $8 billion in direct payments to households. These payments were pre- announced and randomly allocated to households based on postal codes over a 5-week period. We exploit this random allocation to estimate the causal response of...
Persistent link: https://www.econbiz.de/10010783733
. This will come at a cost in terms of economic growth via the impact on reduced savings, although a lower saving rate offers …
Persistent link: https://www.econbiz.de/10011201598
We examine the effect of inflation variability and economic growth using annual historical data on both developing and … variability has a negative effect on economic growth. (2) For developed countries, there is no significant evidence that inflation … variability is detrimental to growth. …
Persistent link: https://www.econbiz.de/10009274828
We study the impact of growth and growth accelerations on poverty and inequality in Indonesia using a new panel dataset … the economy. We find that growth in non-mining significantly reduces poverty and inequality. In contrast, overall growth … and growth in mining appears to have no effect on poverty and inequality. We also identify growth acceleration episodes …
Persistent link: https://www.econbiz.de/10010700291
Export led growth has been very effective in modernising China’s economy and establishing a large high-saving middle … class. Notwithstanding political opposition from trading partners, this growth strategy has also offered the rest of the … credit. Yet slowing demand in export destinations has forced a transition to inward-sourced growth. This paper uses a …
Persistent link: https://www.econbiz.de/10011031834
We investigate the partial effects of institutions and human capital on growth. We find that cross-country regressions … panel regressions we show that both institutions and human capital have significant effects on growth. Using Rodrik's (2005 … market stabilising institutions are growth enhancing. Market regulating institutions matter up to a certain extent and market …
Persistent link: https://www.econbiz.de/10005057551
neoclassical cost identity (output equals the cost of labour plus the cost of capital), and used in growth accounting studies; and … formally equivalent expressions, estimations of aggregate production functions and growth accounting studies are tautologies …
Persistent link: https://www.econbiz.de/10010607698