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China’s Great Convergence and Beyond
Storesletten, Kjetil; Zilibotti, Fabrizio - In: Annual Review of Economics 6 (2014) 1, pp. 333-362
A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and...
Persistent link: https://www.econbiz.de/10010886217
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The Effect of Latvian Pension Reform on Savings and Government Budget
Benkovskis, Konstantins - In: Baltic Journal of Economics 6 (2006) 1, pp. 3-21
This paper deals with pension reform’s effect on Latvian savings. We are studying the reaction of total savings and … private savings, fully funded savings and government budget balance over the next 10 years. Model’s simulations show that the … increase of the retirement age improves budget balance and total savings, while the introduction of the fully funded pensions …
Persistent link: https://www.econbiz.de/10005245135
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Unemployment Dynamics and Social Security
Rojas, Juan; Rendon, Silvio - Econometric Society - 2004
pension system induces higher savings across the life cycle and makes agents wealthier and thus more reluctant to accept low … determine the strength of each effect, we develop a life-cycle overlapping generations model with job search, savings and a …
Persistent link: https://www.econbiz.de/10005328864
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The Effect of Pension Reform on Pension-Benefit Expectations and Savings Decisions in Japan
Okumura, Tsunao; Usui, Emiko - Center for Intergenerational Studies, Institute of … - 2012
individuals’ anxiety about the public pension program’s future induces an increase in their private savings. …
Persistent link: https://www.econbiz.de/10010555248
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Search for Financial Returns and Social Security Privatization
McKay, Alisdair - In: Review of Economic Dynamics 16 (2013) 2, pp. 253-270
I develop a general equilibrium model in which the quality of household financial decisions is endogenously determined by the incentives to exert effort in learning about financial opportunities. The model generates predictions for asset market participation and returns across households....
Persistent link: https://www.econbiz.de/10010604555
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Unemployment Dynamics and Social Security
Rojas, Juan; Rendon, Silvio - Society for Economic Dynamics - SED - 2004
pension system induces higher savings across the life cycle and makes agents wealthier and thus more reluctant to accept low … determine the strength of each effect, we develop a life-cycle overlapping generations model with job search, savings and a …
Persistent link: https://www.econbiz.de/10005069478
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A U.S.-Japan Comparison of the Importance and Determinants of Retirement Saving.
Horioka, C.Y.; Okui, M. - Institute of Social and Economic Research (ISER), Osaka … - 1998
In this paper, we conduct a U.S.- Japan comparison of the importance of retirement saving and of the determinants thereof using micro data from the "U.S.- Japan Comparison Survey of Saving," a binational household survey conducted in 1996 by the Institute for Posts and Telecommunications Policy...
Persistent link: https://www.econbiz.de/10005486486
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National Saving and Social Security in Italy (1954-1993).
Rossi, N.; Visco, I. - Banca d'Italia - 1996
Changes in social security laws and regulations which took place in the late sixties and early seventies apparently weakened the link between contributions and benefits permitting a time path of aggregate consumption in excess of what would have occured in the absence of such changes. In this...
Persistent link: https://www.econbiz.de/10005640932
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A U.S.-Japan Comparison of the Importance and Determinants of Retirement Saving.
Horioka, C.Y.; Okui, M. - Institute of Social and Economic Research (ISER), Osaka … - 1998
In this paper, we conduct a U.S.- Japan comparison of the importance of retirement saving and of the determinants thereof using micro data from the "U.S.- Japan Comparison Survey of Saving," a binational household survey conducted in 1996 by the Institute for Posts and Telecommunications Policy...
Persistent link: https://www.econbiz.de/10008602911
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Mandatory Insurance and Intensity of Adverse Selection.
Villeneuve, B. - 1996
This paper examines the impact of public pensions on saving, life insurance and annuity markets in an adverse selection economy.
Persistent link: https://www.econbiz.de/10005780748