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Risk Sharing Through Capital Gains
Balli, Faruk - 2011
OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing …
Persistent link: https://www.econbiz.de/10013118134
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The after Tax Rate of Return Affects Private Savings
Summers, Lawrence H. - 2010
This paper reviews theoretical argumrents and empirical evidence regarding the interest elasticity of savings. It … savings. Moreover, the empirical rrethods used in most previous studies are likely to produce underestimates of the … interestelasticity of savings. New evidence based on direct estimation of utility function parameters suggests that savings are likely to …
Persistent link: https://www.econbiz.de/10012760330
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Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China
Fehr, Hans - 2009
This paper develops a dynamic, life-cycle, general equilibrium model to study the interdependent demographic, fiscal, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period of rapid and significant aging requiring major fiscal...
Persistent link: https://www.econbiz.de/10012767513
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Savings Gluts and Interest Rates : The Missing Link to Europe
Dooley, Michael P.; Folkerts-Landau, David; Garber, Peter M. - 2021
Data for world savings rates do not suggest that an aggregate glut of world savings has depressed US and international … interest rates in recent years. Unusual but offsetting changes in savings rates have been limited to three regions: sharp … increased very little. There are two important features of this change in regional savings behavior. First, three-quarters of …
Persistent link: https://www.econbiz.de/10013310208
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Remembering to Pay? Reminders vs. Financial Incentives for Loan Payments
Cadena, Ximena - 2014
We report the results from a field experiment with a micro lender in Uganda to test the effectiveness of privately implemented incentives for loan repayment. Using a randomized control trial we measure the impact of three different treatments: Borrowers are either given a lump sum cash reward...
Persistent link: https://www.econbiz.de/10013068089
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Mobile Money : The Economics of M-Pesa
Jack, William - 2015
Mobile money is a tool that allows individuals to make financial transactions using cell phone technology. In this paper, we report initial results of two rounds of a large survey of households in Kenya, the country that has seen perhaps the most rapid and widespread growth of a mobile money...
Persistent link: https://www.econbiz.de/10013038307
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Evaluating Wireless Carrier Consolidation Using Semiparametric Demand Estimation
Bajari, Patrick - 2006
The US mobile phone service industry has dramatically consolidated over the last two decades. One justification for consolidation is that merged firms can provide consumers with larger coverage areas at lower costs. We estimate the willingness to pay for national coverage to evaluate this...
Persistent link: https://www.econbiz.de/10012779603
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Information, Mobile Communication, and Referral Effects
Barwick, Panle Jia - 2019
Information is a crucial ingredient in economic decision making. Yet measuring the extent of information exchange among individuals and its effect on economic outcomes is a difficult task. We use the universe of de-identified cellphone usage records from more than one million users in a Chinese...
Persistent link: https://www.econbiz.de/10012869540
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Mobile Messaging for Offline Group Formation in Prosocial Activities : A Large Field Experiment
Sun, Tianshu - 2015
In this paper, we use mobile messaging to leverage recipients' social ties and encourage offline prosocial activities in groups. In particular, we conduct a randomized field experiment with 80,000 blood donors and study how behavioral interventions and economic rewards motivate offline group...
Persistent link: https://www.econbiz.de/10013012381
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Are Dynamic Vickrey Auctions Practical? : Properties of the Combinatorial Clock Auction
Levin, Jonathan - 2014
The combinatorial clock auction is becoming increasingly popular for large-scale spectrum awards and other uses, replacing more traditional ascending or clock auctions. We describe some surprising properties of the auction, including a wide range of ex post equilibria with demand expansion,...
Persistent link: https://www.econbiz.de/10013047396