Showing 1 - 10 of 118
This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have … jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …
Persistent link: https://www.econbiz.de/10010791521
. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded … distortions. I document major trends in aggregate savings, investment, trade, and net foreign asset positions in China, and …
Persistent link: https://www.econbiz.de/10010791526
magnitude of the sensitivity of pay to stock market performance is comparable to the U.S. and Japan. Perhaps even more …
Persistent link: https://www.econbiz.de/10005822774
Using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data on CEO turnover, ownership structure and board characteristics, we estimate Logit models of CEO turnover. We find consistently for all performance measures including both stock...
Persistent link: https://www.econbiz.de/10005566546
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...
Persistent link: https://www.econbiz.de/10005566733
Is there a role for debt beyond curing overaccumulation of capital? Does dynamic efficiency and the infeasibility of debt Ponzi schemes eliminate any Pareto-improving role for a government in a competitive economy with complete markets? Is there an optimal maturity structure of public debt?...
Persistent link: https://www.econbiz.de/10005763659
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
This paper examines the relative savings position of migrant households in West Germany, paying particular attention to …), our findings reveal significant differences in the savings rates between foreign-born and Germanborn individuals. These … the determinants of immigrants’ savings rates reveal that intended return migration does not only affect remittances, but …
Persistent link: https://www.econbiz.de/10005703745
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about … savings. Using the German Socio-economic Panel data it is shown that, although immigrants have lower levels of savings and are … less likely to have regular savings than natives, the gap is significantly narrowed once we take loan repayments and …
Persistent link: https://www.econbiz.de/10005762210