We contribute to the literature on saving in retirement by studying the saving behavior of retirees in Iceland, a country where health care and nursing homes ares free of charge. This removes some of the precautionary motive for saving, leaving the bequest motive and other inter-generational...

Recent advances in biology and genetics have raised the value of life samples, health records and genetically modified micro-organisms, and, as Demsetz (1967) predicts, rising values increase the demand for well-defined exclusive ownership rights. But greater expected value of resources also...

People in the Nordic countries of Denmark, Finland, Iceland and Sweden work more than the countries’ high tax rates would lead us to predict. This observation is explained by a shared belief system that emphasises women’s rights to labour market participation.