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The effect of employment protection legislation and financial market imperfections on investment : evidence from a firm-level panel of EU countries
Cingano, Federico; Leonardi, Marco; Messina, Julián; … - 2009
This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital … stronger in firms with lower levels of internal resources. We find that, on average, EPL reduces investment per worker, capital …
Persistent link: https://www.econbiz.de/10003832294
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Accounting for China's growth
Brandt, Loren; Zhu, Xiaodong - 2010
role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10003940472
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Capital markets, temporary migration and entrepreneurship : evidence from Bangladesh
Bossaviea, Laurent; Görlach, Joseph-Simon; Özden, Çağlar - 2023
This paper examines international temporary migration as an intermediary step among aspiring entrepreneurs to accumulate the needed capital when they face credit constraints at home. The analysis is based on a representative dataset of lifetime employment histories of return migrants from...
Persistent link: https://www.econbiz.de/10014443865
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Savings and prize-linked savings accounts
Atalay, Kadir; Bakhtiar, Fayzan; Cheung, Stephen L.; … - 2012
Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially fragile households also have the highest lottery expenditures as a proportion of income. This combination suggests that Prize-Linked Savings (PLS) accounts, that combine...
Persistent link: https://www.econbiz.de/10009631456
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Financial literacy and preparation for retirement
Nolan, Anne; Doorley, Karina - 2019
The economic and financial landscape facing individuals as they move through their life-cycle is becoming increasing complex. Internationally, declines in the coverage and generosity of public programmes mean that individuals now need to assume responsibility for a greater share of their future...
Persistent link: https://www.econbiz.de/10011986014
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The determinants of retirement planning within couples in Ireland
Doorley, Karina; Nolan, Anne - 2019
Financial literacy is higher for men than for women and high financial literacy has been linked to higher wealth and better retirement planning. However, relatively little is known about the decision making process for retirement savings within couples and about how the gap or interaction...
Persistent link: https://www.econbiz.de/10011986020
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Behavioral impediments to valuing annuities : complexity and choice bracketing
Brown, Jeffrey R.; Kapteyn, Arie; Luttmer, Erzo F. P.; … - 2019
This paper examines two behavioral factors that diminish people's ability to value a life-time income stream or annuity, drawing on a survey of about 4,000 adults in a U.S. nationally representative sample. By experimentally varying the degree of complexity, we provide the first causal evidence...
Persistent link: https://www.econbiz.de/10011997340
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Predicting retirement savings using survey measures of exponential-growth bias and present bias
Goda, Gopi Shah; Levy, Matthew; Flaherty Manchester, … - 2018
In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential-growth bias (EGB) and present bias (PB). We find that EGB, the tendency to neglect compounding, and PB, the tendency to value the present over the future, are highly significant...
Persistent link: https://www.econbiz.de/10011902764
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Are retirement planning tools substitutes or complements to financial capability?
Goda, Gopi Shah; Levy, Matthew; Flaherty Manchester, … - 2022
We conduct a randomized controlled trial to understand how a web-based retirement saving calculator affects workers' retirement-savings decisions. In both conditions, the calculator projects workers' retirement income goal. In the treatment condition, it also projects retirement income based on...
Persistent link: https://www.econbiz.de/10013470207
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Unions, two-tier bargaining and physical capital investment : theory and firm-level evidence from Italy
Cardullo, Gabriele; Conti, Maurizio; Sulis, Giovanni - 2018
level, raises the amount of investment per worker in the economy compared to a one-tier bargaining scheme, in which earnings … investment per worker and the presence of a two-tier bargaining agreement that we find in a representative sample of Italian …
Persistent link: https://www.econbiz.de/10011951741