(...)Note that no unique, completed theory can be applied to life insurance saving, with different social-economic system across countries, inference in terms of those factors influencing the saving through life insurance in some industrial countries might not be suitable to others....

Private wealth holdings are likely to become an increasingly important determinant in the jobexit decision of elderly workers. Net wealth may correlate with worker’s characteristics thatalso determine the exit out of a job. It is therefore important to include a rich set of...

In der Beratung zu Rentenversicherungen spielt man in der Regel mit zwei Daten: den Beiträgen,die ein Anleger monatlich zahlen möchte, und den zu erwartenden Renten. Entweder, einKunde gibt die Sparbeiträge an, und erhält als Ergebnis einen Betrag für Garantierente...

BEA’s national economic statistics provide a comprehensive view of U.S. production, consumption, investment, exports and imports, and income and saving. These statistics are best known by summary measures such as gross domestic product (GDP), corporate profits, personal income and spending,...

Vor dem Hintergrund des oft vernachlässigten industriellen Umweltschutzes in Entwicklungsländern entwickelt das Pilotvorhaben zur Unterstützung umweltorientierter Unternehmensführung in Entwicklungsländern (P3U) der Deutschen Gesellschaft für Technische Zusammenarbeit (GTZ) das Instrument...

Malnutrition and food deprivation, which are concentrated in poor countries, have been along-term concern of economists, but as per capita income in developed countries has grown in the20th century, a new problem of over-nutrition leading to obesity has occurred. This paper developsmodels of...

The paper explores the determinants of up-front fees on sovereign bank loans.Remuneration of bank loans is typically channelled through the floating interestbenchmark, the interest spread, and a battery of fees. There is substantial evidence of thespread paying for long-run sovereign repayment...

Individuals and business owners engage in an increasingly complex array of financialdecisions that are critical for their success and well-being. Yet a growing literature documentsthat in both developed and developing countries, a large fraction of the population is unpreparedto make these...

Recent research has demonstrated that while government expenditures are countercyclical inmost industrialized countries, they tend to be procyclical in developing countries. We develop adynamic political economy model to explain this phenomenon. In the model, public expendituresprovide insurance...

Utilizing a new database of tax rates, tax revenues and tax income-elasticities we contribute to the debate on the effects of …fiscal policyon economic activity in a number of ways. First, using both panelGMM and panel VAR methods, we …find that the effects of tax cuts onGDP growth are...