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from Italy and the Netherlands. It presents a two-period gametheoretical model where the child has to decide whether to … also find some significant effects of the child income share on household saving rate in the Netherlands, where saving is …
Persistent link: https://www.econbiz.de/10012467608
This paper analyzes retirement saving and portfolio choice in the United States, Italy, and the Netherlands. While …
Persistent link: https://www.econbiz.de/10012468512
savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …
Persistent link: https://www.econbiz.de/10012461319
We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys …
Persistent link: https://www.econbiz.de/10012461548
Persistent link: https://www.econbiz.de/10000742921
With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully-funded defined-contribution social security system tries to exploit the equity premium by selling a dollar of...
Persistent link: https://www.econbiz.de/10012471011
This essay discusses the reasons for and implications of the decline in real interest rates around the world over the past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth, and markups. In this environment, greater government...
Persistent link: https://www.econbiz.de/10013210052
, investment in capital goods and a non-traded good. Such an environment is rich enough to explain several phenomena that are … inexplicable in more barren models. We suggest an explanation of why saving and investment may be correlated even with no … restrictions on trade in assets. We explain why a high saving country may nonetheless borrow from abroad to finance investment. We …
Persistent link: https://www.econbiz.de/10012476928
The finding of Feldstein and Horioka (1980) that countriesf investment rates are highly correlated with their national … and investment in a sample that includes not only 14 industrialized countries, but also 50 developing countries. The paper … developing countries, and higher after 1973 than before. Our interpretation of the saving-investment evidence is that the …
Persistent link: https://www.econbiz.de/10012477026
This paper explores the characteristics of individual portfolio holdings in a world economy with a unified securities market where there are many countries, each with its own tax rates and inflation rate. When nominal interest is taxable but income to equity owners is tax exempt in all...
Persistent link: https://www.econbiz.de/10012477356