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of long-term care subsidies on savings is far from clear. In this paper we take advantage of a policy intervention to … study the effect on savings and savings behaviour of the progressive introduction of a public long-term care subsidy … (Sistema para la Autonomía y Atención a la Dependencia, SAAD) from 2007 in Spain. The introduction of SAAD universally entitled …
Persistent link: https://www.econbiz.de/10011547941
savings accounts. We analyze the behavioral and welfare effects of compulsory savings accounts in an intertemporal model with …
Persistent link: https://www.econbiz.de/10011509477
solution still inefficient. Full efficiency then requires a higher quota price in the policy bloc than in the fringe. …
Persistent link: https://www.econbiz.de/10010235822
We evaluate equity-efficiency trade-offs from admissions quotas by examining effects on output once beneficiaries start …
Persistent link: https://www.econbiz.de/10013265978
The trade-off between increased representation and perceived quality is central to the debate on how to address underrepresentation in high-profile professions. We address this trade-off using a dynamic model of career selection where juniors value both the identity and perceived quality of...
Persistent link: https://www.econbiz.de/10014282424
incomplete under free trade because of the decrease in land productivity. Pesticides allow farmers to reduce these biodiversity …
Persistent link: https://www.econbiz.de/10011286489
We use the demise of silver-based standards in the 19th century to explore price dynamics when a commodity-based money ceases to function as a global unit of account. We develop a general equilibrium model of the global economy with gold and silver money. Calibration of the model shows that...
Persistent link: https://www.econbiz.de/10011646314
For a panel of 75 countries, we find that increases in global agricultural commodity prices that are caused by unfavorable harvest shocks in other regions of the world significantly curtail domestic economic activity. The effects are much larger than for average global agricultural price shifts....
Persistent link: https://www.econbiz.de/10011846251
reason is that prices for the two most important long-term savings objectives - housing and healthcare - are rising …-term savings objectives and see purchasing power decline, or they compromise financial security and invest in highly volatile …
Persistent link: https://www.econbiz.de/10011497972
implications for savings and long-term care policies. We first develop a theoretical model predicting that higher nursing home … aversion should induce higher savings and stronger support for policies subsidizing home care. We further document, based on a … likely to have higher intended savings for older age because of the pandemic. We also find that they are more likely to …
Persistent link: https://www.econbiz.de/10012619442