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With states facing tightening Medicaid budgets, the high cost of financing long-term care for the elderly through Medicaid has prompted proposals to make private long-term care insurance (LTCI) more affordable through tax incentives. The effectiveness of tax incentives for stimulating LTCI...
Persistent link: https://www.econbiz.de/10009439040
This paper examines the impact of declines in adult mortality on growth in an overlapping generations model. With public education and imperfect annuity markets, a decline in mortality affects growth through three channels. First, it raises the saving rate and thereby increases the rate of...
Persistent link: https://www.econbiz.de/10009447922
Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly … that the calibrated model with both frictions produces a savings–investment correlation and a volume of capital flows close …
Persistent link: https://www.econbiz.de/10009476626
(1990). This particular feature enables us to isolate the effect of risk aversion on precautionary savings. Furthermore, I … intertemporal distortions on precautionary savings in finite and infinite horizon models of a small open economy. The effects of … of shocks on precautionary savings and verify that these are qualitatively identical to the ones observed with CES …
Persistent link: https://www.econbiz.de/10009450605
This paper considers savings, investment and economic growth for India using annual time series data for the period …
Persistent link: https://www.econbiz.de/10009457634
Purpose – The purpose of this paper is to test the hypothesis that savers may be substituting equity capital gains from stockholdings for traditional measures of personal saving. The analysis also aims to investigate dividend yield (DY) as a signal to investors about corporate saving rates...
Persistent link: https://www.econbiz.de/10009431834
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