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On financing retirement, health, and long-term care in Japan
McGrattan, Ellen R.; Miyachi, Kazuaki; Peralta-Alva, Adrian - 2018
Japan faces the problem of how to finance retirement, health, and long-term care expenditures as the population ages. This paper analyzes the impact of policy options intended to address this problem by employing a dynamic general equilibrium overlapping generations model, specifically...
Persistent link: https://www.econbiz.de/10011978385
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Conditional Lending Under Altruism
Mourmouras, Alex - 2004
We analyze how the altruism of an international financial institution (IFI) towards its lowincome member countries …. Thus, IFI altruism and the inability to commit are sufficient reasons to equip loans with conditions. Conditional loans … produce an efficient allocation of resources, so altruism is not a fundamental reason that loans fail to increase welfare …
Persistent link: https://www.econbiz.de/10014400281
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Should Subsidized Private Transfers Replace Government Social Insurance?
Fullenkamp, Connel - 2000
Private transfers between individuals or through organized charities are increasingly viewed as an alternative for government social insurance programs. This paper models the incentive effects of government subsidized private transfers and finds that while there is a significant welfare benefit...
Persistent link: https://www.econbiz.de/10014403504
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Microeconomic Implications of Remittances in an Overlapping Generations Model with Altruism and Self-Interest
Melkonyan, Tigran A. - 2008
The paper explicitly models the dynamic strategic aspects of the interaction between the migrant and the remittance-receiving relative(s), with the migrant behaving as a Stackelberg leader. It is also different from other formalizations of remittance behavior in its treatment of the two...
Persistent link: https://www.econbiz.de/10014401824
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What is Different About Family Businesses?
Chami, Ralph - 2001
developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …
Persistent link: https://www.econbiz.de/10014399982
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Altruism and Workers' Remittances : Evidence From Selected Countries in the Middle East and Central Asia
Bouhga-Hagbe, Jacques - 2006
flows could be a valuable input to the analysis of their external vulnerabilities. This paper argues that ""altruism,"" as a … that altruism could have played an important role in the flow of remittances to Egypt, Jordan, Morocco, Pakistan, and …
Persistent link: https://www.econbiz.de/10014400396
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A Theory of Workers' Remittances with An Application to Morocco
Bouhga-Hagbe, Jacques - 2004
This paper provides a model on how altruism, ""attachment"" to the home country, and portfolio diversification may act … are their degrees of altruism and ""attachment"" to their home country, and should also depend on interest rate …
Persistent link: https://www.econbiz.de/10014404024
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Capital regulation, liquidity requirements and taxation in a dynamic model of banking
De Nicolò, Gianni; Gamba, Andrea; Lucchetta, Marcella - 2012
Persistent link: https://www.econbiz.de/10009572425
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Precautionary savings in the Great Recession
Mody, Ashoka; Ohnsorge, Franziska; Sandri, Damiano - 2012
Persistent link: https://www.econbiz.de/10009572544
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Central banks quasi-fiscal policies and inflation
Park, Seok Gil - 2012
Persistent link: https://www.econbiz.de/10009423899