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Municipalities financial distress (which we refer as financial vulnerability) is a recurrent concern of French political life. However, there is no universal and unique definition of financial distress. This paper presents a synthesis of some possible definitions and display the real importance...
Persistent link: https://www.econbiz.de/10005412482
This paper proposes a model of how agents adjust their asset holdings in response to losses in general equilibrium. By emphasising the relation between deflation and financial distress, we capture some original features of the early debt-deflation literature, such as distress selling,...
Persistent link: https://www.econbiz.de/10005126279
Individual Development Accounts (IDAs) are subsidized savings accounts. Unlike other subsidized savings accounts such as Individual Retirement Accounts (IRAs) or 401(k) plans, IDAs are targeted to the poor, provide subsidies through matches rather than through tax breaks, and require...
Persistent link: https://www.econbiz.de/10005134602
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
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
conservation within a framework of sustainable economic growth and poverty alleviation. El presente trabajo explora las causas de …
Persistent link: https://www.econbiz.de/10005407648
Concern is growing regarding the poverty impacts of trade liberalization. The strong general equilibrium effects of … to detailed poverty analysis. We bridge this gap by constructing a CGE model that explicitly models all households from a … models. Urban poverty falls and rural poverty increases as initial tariffs were highest for agriculture. Impacts increase …
Persistent link: https://www.econbiz.de/10005407655
Are happiness patterns structurally the same when comparing poor and rich countries? Using cross-sectional data from the SALDRU93 survey, we show that the relationships between subjective well-being and socioeconomic variables have a similar structure and is U-shaped in age in South Africa as in...
Persistent link: https://www.econbiz.de/10005407667
conservation within a framework of sustainable economic growth and poverty alleviation. - El presente trabajo explora las causas de …
Persistent link: https://www.econbiz.de/10005407693
rose for the interpretation of changes in the poverty profile.Four household surveys are used to show changes in both … that the rise in income was ssociated with modest falls in the head count and poverty gap measures of poverty but with … virtually no change in the severity of poverty measure. The fall in the head count measure was too small to prevent the absolute …
Persistent link: https://www.econbiz.de/10005407717