Showing 1 - 10 of 4,009
This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...
Persistent link: https://www.econbiz.de/10003202246
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …
Persistent link: https://www.econbiz.de/10011782119
, capital controls, and other government distortions of international transactions, may reduce private savings rates. A two … that there is a significant and robust relationship between economic liberalization and lower rates of savings. One … implication is that at least part of the decline in savings rates in some countries over the past two decades may be explained by …
Persistent link: https://www.econbiz.de/10011397942
This paper investigates the impact of public employment on household saving rates in China using representative household-level data. After controlling for a series of variables such as income, risk attitude, financial literacy, and demographic factors, we show that households headed by public...
Persistent link: https://www.econbiz.de/10013187718
This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese … households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature … channel but not the labor income channel. There is also evidence that rising wealth boosts savings. …
Persistent link: https://www.econbiz.de/10012485326
Rising income inequality since the 1980s in the United States has generated a substantial increase in saving by the top of the income distribution, which we call the saving glut of the rich. The saving glut of the rich has been as large as the global saving glut, and it has not been associated...
Persistent link: https://www.econbiz.de/10012197559
This paper uses an endogenous-growth model with overlapping generations to explore the connection between fiscal federalism and economic growth. The analysis shows that federalism, which allows public-good levels to be tailored to suit the differing demands of young and old consumers, who live...
Persistent link: https://www.econbiz.de/10003297331
This paper investigates the intergenerational transmission of preferences between parents and their children, examining the transmission of patience, propensity to save, and conscientiousness. We explore the role of specific parental behaviours, such as sharing financial information, in this...
Persistent link: https://www.econbiz.de/10014463574
privatization effects on savings in Eastern Europe, with limited evidence of positive savings effects in Latin America. These …
Persistent link: https://www.econbiz.de/10011536201
Globalization may impose a double-burden on low-skilled workers. On the one hand, the relative supply of low-skilled labor increases. This suppresses wages of low-skilled workers and/or increases their unemployment rates. On the other hand, low-skilled workers typically face more limited access...
Persistent link: https://www.econbiz.de/10003850520