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Mortality Change, the Uncertainty Effect, and Retirement

Kalemli-Ozcan, Sebnem; Weil, David - EconWPA - 2002

We examine the role of changing mortality in explaining the rise of retirement over the course of the 20th century. We … of death. In an environment in which mortality is high, an individual who saved up for retirement would face a high risk …. As mortality falls, however, it becomes optimal to plan, and save for, retirement. We simulate our model using actual …

Persistent link: https://www.econbiz.de/10005126354

Financial Development, Labor and Market Regulations and Growth

FONSECA, Raquel; GONZALEZ, Natalia UTRERO- - EconWPA - 2005

This paper investigates the importance that market regulation and financial imperfections have on …rm growth. We analyse institutions affecting labor market as Employment Protection Laws (EP) and Product Market Regulation (PM). We show that together with the beneficial effects of …nancial...

Persistent link: https://www.econbiz.de/10005077008

Do labour taxes (and their composition) affect wages in the short and in the long run?

Arpaia, Alfonso; Carone, Giuseppe - EconWPA - 2004

Measures aimed at reducing the tax burden on labour have been advocated to alleviate the EU unemployment problem. Most of the analyses document a relationship between the unemployment rate and the tax burden on labour. Hence, it is not possible to discern whether the effect on unemployment...

Persistent link: https://www.econbiz.de/10005412493

Financial Education and Savings Outcomes in Individual Development Accounts

Clancy, Margaret; Grinstein-Weiss, Michal; Schreiner, Mark - EconWPA - 2001

as Individual Retirement Accounts (IRAs) or 401(k) plans, IDAs are targeted to the poor, provide subsidies through …

Persistent link: https://www.econbiz.de/10005134602

Measuring Savings

Schreiner, Mark - EconWPA - 2001

Development depends on saving. But what exactly is saving, and how is it measured? This paper defines saving and describes several measures of financial savings. The measures account for the passage of time and for the three stages of saving: putting in (depositing), keeping in (maintaining a...

Persistent link: https://www.econbiz.de/10005135024

Saving, IDA Programs, and Effects of IDAs: A Survey of Participants

Moore, Amanda; Beverly, Sondra; Schreiner, Mark; … - EconWPA - 2001

Individual Development Accounts (IDAs) are special savings accounts designed to help people build assets to reach life goals and to achieve long-term security. Account-holders receive matching funds as they save for purposes such as buying a first home, attending job training, going to college,...

Persistent link: https://www.econbiz.de/10005135088

Subgame perfect manipulation of children by overlapping generations of agents with two-sided altruism and endogenous fertility

Raut, Lakshmi K. - EconWPA - 1996

In this paper we consider an overlapping generations model with endogenous fertility and two-sided altruism and show the limitations of applying commonly used open loop Nash equilibrium in characterizing equilibrium transfers from parents to children in the form of bequest, and transfers from...

Persistent link: https://www.econbiz.de/10005076531

The Rise in Returns to Education and the Decline in Household Savings

Chanda, Areendam - EconWPA - 2005

This paper explores the consequences of rising returns to human capital investment on the personal savings rate. Over the past two decades, the return to college education has increased relative to high school education leading economists to argue the presence of 'skill biased technological...

Persistent link: https://www.econbiz.de/10005076792

Sticky Price Models and Durable Goods

Barsky, Robert; House, Christopher L.; Kimball, Miles - EconWPA - 2005

This paper shows that there are striking implications that stem from including durable goods in otherwise conventional sticky price models. The behavior of these models depends heavily on whether durable goods are present and whether these goods have sticky prices. If long-lived durables have...

Persistent link: https://www.econbiz.de/10005076801

SAVINGS MOBILIZATION ROLE OF NIGERIAN COMMERCIAL BANKS:AN ANALYTICAL POLICY STUDY

NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003

CAPITAL ACCUMULATION HAS BEEN EMPHASISED AS THE MAJOR FACTOR GOVERING THE RATE OF DEVELOPMENT. THIS STUDY THEREFORE AIMS EXPLORING IN THE LIGHT OF PAST TRENDS, THE ROLE AND SCOPE OF COMMERCIAL BANKS AS FINANCIAL INTERMEDIARIES IN MOBILIZING DOMESTIC SAVINGS FOR DEVELOPMENT AND THE CONSTRAINTS IN...

Persistent link: https://www.econbiz.de/10005076971