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Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models. None of the studies considers a model with frictional labour markets which is a crucial element, particularly at times in which much of the fiscal stimulus has been directed...
Persistent link: https://www.econbiz.de/10013146168
The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is often at odd with this assumption giving rise to our...
Persistent link: https://www.econbiz.de/10012861295
This study investigates the efficiency of the process of benefit determination for welfare recipients in Germany. A stochastic frontier analysis is used to compute (in)efficiency of Jobcenter (employment offices) in terms of average processing time used for determining benefit levels per case....
Persistent link: https://www.econbiz.de/10012829935
retirement becomes shorter. At the median level of years to retirement, the absolute values of the elasticity of savings with …
Persistent link: https://www.econbiz.de/10012912788
model which features compulsory savings accounts and transparent pricing of health services. It has achieved some of the … how tax cuts can be designed to help establish compulsory savings accounts so that a publicly funded welfare system can be … like unemployment) through the establishment of a set of compulsory savings accounts. A case study of New Zealand is used …
Persistent link: https://www.econbiz.de/10012960259
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
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
characteristic are correlated with more job opportunities. Policy simulations ten suggest that the risk pooling and savings component …
Persistent link: https://www.econbiz.de/10013130452
Using combined data from population censuses and Urban Household Surveys, we study the effects of demographic structural changes on the rise in household saving in China. Variations in fines across provinces on unauthorized births under the one-child policy and in cohort-specific fertility...
Persistent link: https://www.econbiz.de/10013096769
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