Showing 1 - 10 of 1,196
We study a flexible dynamic savings game in continuous time, where decision makers rotate in and out of power. These …
Persistent link: https://www.econbiz.de/10012456666
savings contracts. We find substantial demand for both credit and savings contracts but no demand for additional commitment …, demand for savings is insensitive to explicit commitment features. Individuals offered loans actively dislike commitment and …
Persistent link: https://www.econbiz.de/10012479752
We study whether savings nudges have the unintended consequence of additional borrowing in high-interest credit. We use …
Persistent link: https://www.econbiz.de/10012585440
We study the effects of monetary-policy-induced changes in Tobin's q on corporate investment and capital structure. We … evidence, and quantify the relevance for monetary transmission to aggregate investment …
Persistent link: https://www.econbiz.de/10013210051
returns on those investments) has important implications for the saving, investment, and entry decisions of continuing and … potential entrepreneurs. These effects are similar in spirit to the role played by costly external financing on investment by … studies of household saving decisions in general and of the savings decisions of wealthy or high-income households in …
Persistent link: https://www.econbiz.de/10012470843
With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully-funded defined-contribution social security system tries to exploit the equity premium by selling a dollar of...
Persistent link: https://www.econbiz.de/10012471011
The persistence of high savings-investment correlations and home-country bias in portfolio construction at the national … significant correlation between national savings and investment, among provinces that effect disappears. We discuss the … level is contrasted with new evidence of savings behaviour in Canadian provinces. We confirm that national borders clearly …
Persistent link: https://www.econbiz.de/10012472187
Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income … countries with insufficiently developed capital markets. This paper analyzes the problem of channeling domestic savings into … productive investment in the presence of asymmetric information between the managing owners of firms and other portfolio …
Persistent link: https://www.econbiz.de/10012472477
likely" implications for future saving, investment, and international capital flows." …
Persistent link: https://www.econbiz.de/10012472511
technology of private investment. Government policies that discourage saving might make the Schumpeterian vision of a shift from …
Persistent link: https://www.econbiz.de/10012474022