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This paper examines the economic origins of the Islamic revival that took place in Egypt in the 1970-80s, and in Muslim … societies more generally. We provide the first systematic evidence of a decline in social mobility among educated youth in Egypt …
Persistent link: https://www.econbiz.de/10010676292
Informality is a salient feature of labor market in Egypt as it is the case with many developing countries. This is the … first study of the determinants of worker transitions between various labor market states using panel data from Egypt. We …
Persistent link: https://www.econbiz.de/10011125863
, savings, length of stay in the U.S., and citizenship status affect the probability of homeownership before the recession and …
Persistent link: https://www.econbiz.de/10010884298
Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially …-Linked Savings (PLS) accounts, that combine principal-security with lottery-type jackpots, can increase savings among these at …-risk households. Results from an online experiment show that the introduction of PLS accounts increase total savings and reduce …
Persistent link: https://www.econbiz.de/10010959657
In this paper we analyze a mechanism that is particularly relevant to the workings of the Great Recession: we explain how easier home financing and higher homeownership rates increase unemployment rates. To this purpose we build a model of job search with liquid wealth accumulation and...
Persistent link: https://www.econbiz.de/10011212745
-person households (e.g. with a husband and a wife) from the Dutch CentER Savings Survey, we find that wives find saving for old age more …
Persistent link: https://www.econbiz.de/10005233731
The potentially adverse labor market effects of severance pay mandates are a continuing source of policy concern. In a seminal study, Lazear (1990) found that contract avoidance of severance pay firing costs was theoretically simple – a bonding scheme would do – but that empirically the...
Persistent link: https://www.econbiz.de/10009225769
increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer … first experiment finds that self-help peer groups are very potent at increasing savings. In contrast, a more classical … tool to encourage savings. …
Persistent link: https://www.econbiz.de/10009646295
situation can be closely monitored, but that it might be a very important complement when savings inhibit observing financial …
Persistent link: https://www.econbiz.de/10009646309
the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …
Persistent link: https://www.econbiz.de/10010550528