This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin … American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where … capital at a considerably lower rate than at present. Consumption should be heavily taxed in Brazil and Mexico and optimal …

). Within specific investment categories, evidence is found of increases in human capital and in durable and financial goods for …

household savings in Mexico have a clear age-increasing trend and have been growing across generations during the past 30 years …This study addresses why Mexico continues to show below-average economic growth rates in spite of displaying … systematically higher domestic savings than other countries in the region. Using the wealth of relevant databases available for the …

The benefits of implementing Unemployment Insurance Savings Accounts (UISAs) are studied in the presence of the … calibrated to Mexico in the early 2000s. The unconstrained optimal allocation would imply very large welfare gains relative to …

Transaction costs impose a barrier to savings, but lowering them may have smaller impacts than expected due to other … constraints, such as psychological biases. Within the context of retirement savings under defined contributions in the privatized … pension system in Mexico, we analyze two staggered policies: an expansion of access channels for additional contributions …

This paper investigates the relevance of business saving for private saving and investment around the world by … associated with higher business investment. In conjuction with the empirical results, this paper sheds new light on the role of …

positive and significant correlation between national saving and domestic investment rates in Latin America and the Caribbean … saving, domestic investment increases by 0.39 percentage points on average. There are however, three nuances to the headline …

This paper describes the share of investment in fixed capital and working capital financed by retained earnings using a …, particularly by smaller firms located in countries with less developed financial markets. Investment in fixed assets represents …