Showing 1 - 10 of 2,170
In this paper, we investigate how changes in the skill mix of local labor supply are absorbed by the economy. We distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units that use the more abundant skill group more...
Persistent link: https://www.econbiz.de/10013112767
bride-to-groom marriage payments, i.e., dowries, influence saving behavior in rural India. Exploiting variation in firstborn … household savings, which are primarily financed through increased paternal labor supply. This is the first paper that highlights … this alternative motive for savings in dowry-paying societies. However, we find no impacts of dowry expectations on son …
Persistent link: https://www.econbiz.de/10012920452
We develop a formula for the optimal size of a joint savings association between individuals who share the same … Rotating Savings and Credit Association (ROSCA). We measure the efficiency of a ROSCA by the expected waiting time that it …
Persistent link: https://www.econbiz.de/10014081869
The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10013099761
, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …
Persistent link: https://www.econbiz.de/10013099793
This paper studies second-best policies in an OLG model in which endogenous growth results from human capital accumulation. When young, individuals decide on education, saving, and nonqualified labour. When old, individuals supply qualified labour. Growth equilibria are inefficient in...
Persistent link: https://www.econbiz.de/10013149817
-migrant. Although migrants lose their original social networks whilst overseas, savings and human capital accumulation acquired abroad …
Persistent link: https://www.econbiz.de/10013154977
We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...
Persistent link: https://www.econbiz.de/10013071425
Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order to obtain a tractable empirical model: fixed retirement and pension claiming ages, no borrowing constraint, little or no uncertainty, and no institutional restrictions on...
Persistent link: https://www.econbiz.de/10013128568
This paper analyzes savings and asset holdings of immigrants in relation to their return plans. We argue that savings … and asset accumulation may be affected by return plans of immigrants. Further, the way savings and assets are held in the … home- and host country may also be related to future return plans. Thus, comparing savings and assets between immigrants …
Persistent link: https://www.econbiz.de/10013129924