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This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent decades reflects the positive influence of rapid...
Persistent link: https://www.econbiz.de/10014395990
increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between …
Persistent link: https://www.econbiz.de/10011244125
Fiscal deficits and the public debt has grown throughout much of the postwar period in most industrialized countries under the pressure of rising public expenditure, a trend that has begun to reverse after 1992. A number of studies argue that fiscal consolidation in association with expenditure...
Persistent link: https://www.econbiz.de/10014407227
-sector employment and have helped raise standards of living. However, the growth model has involved costs: the public-sector wage bill … is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …
Persistent link: https://www.econbiz.de/10014410425
This paper discusses tax and expenditure policy reforms to raise employment. Using data for 58 advanced and emerging …. The focus is on incentives to increase labor demand and supply rather than on the impact of fiscal policy on employment … principles which should guide the design of country-specific fiscal reforms to boost employment. A comprehensive set of tables on …
Persistent link: https://www.econbiz.de/10014410536
The Netherlands is an AAA euro area (EA) economy with significant private sector imbalances. The main policy challenge …
Persistent link: https://www.econbiz.de/10011245753
The Netherlands has a long-standing legal framework concerning Anti-Money Laundering and Combating the Financing of …
Persistent link: https://www.econbiz.de/10014401005
confidence and growth in the Kingdom of the Netherlands—Netherlands Antilles. Although exports moderated temporarily, tourism was … Netherlands government under the dissolution agreement to set the budget and the economy on a more sustainable footing …
Persistent link: https://www.econbiz.de/10014403574
The Netherlands showed strong growth and employment performance owing to its fiscal consolidation and structural …, kept inflation low, and promoted strong employment growth. They underscored the need for prudent fiscal policy, and …
Persistent link: https://www.econbiz.de/10014404488
Aruba is one of the most developed islands in the Caribbean. Still, it is vulnerable to external shocks owing to its heavy dependence on tourism and a steady increase in public debt. Policies to support further fiscal consolidation and boost Aruba’s growth potential are needed. Maintaining...
Persistent link: https://www.econbiz.de/10014404490