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Essays on Addiction, Myopia, and Inconsistency

Yoon, SangHo - 2009

Chapter 1: The standard theory of intertemporal choice provides a simple but elegantway to analyze how an individual consumes over time. Addiction, however, is documentedas one of numerous anomalies that the standard theory fails to explain. The modelsof habit-forming and compulsive consumptions...

Persistent link: https://www.econbiz.de/10009458905

Parental nurturing and adverse effects of redistribution

Bandyopadhyay, Debasis; Tang, Xueli - 2011

This paper suggests that if parental nurturing is a dominating force in human capital formation then income redistribution may not promote economic growth. In particular, if, consistently with empirical evidence, parental human capital complements investment in a child’s education and yields...

Persistent link: https://www.econbiz.de/10009483762

14.452 Economic Growth, Fall 2008

Acemoglu, Daron - 2008

The basic machines of macroeconomics. Ramsey, Solow, Samuelson-Diamond, RBCs, ISLM, Mundell-Fleming, Fischer-Taylor. How they work, what shortcuts they take, and how they can be used. Half-term subject. From the course home page: Course Description This half semester class presents an...

Persistent link: https://www.econbiz.de/10009432111

Global finance and the German model: German corporations, market incentives, and the management of employer-sponsored pension institutions

Clark, Gordon L.; Mansfield, Daniel; Tickell, Adam - 2002

Where there was a settled political geography of state power and responsibilities, the remarkable growth of global finance has put enormous pressure on national economic, political and social institutions. Furthermore, the looming crisis facing many continental European social security systems...

Persistent link: https://www.econbiz.de/10009441380

Why convention dominates pension fund trustee investment decision-making

Clark, Gordon L. - 1998

Pension funds may be one of the few avenues now open for financingnew urban infrastructure and development projects. But convention dominates pension fund trustees' investment decisions, so it is difficult to see how the ambitions of advocates of pension fund investment can be squared with...

Persistent link: https://www.econbiz.de/10009441455

Pension funds and urban investment: four models of financial intermediation

Clark, Gordon L. - 1997

It has been often suggested that public and private pension funds should be, and could be, mobilised to invest in urban infrastructure, housing, and community development. In fact, given the apparent decline in government funding of such areas of concern, it has been suggested that pension funds...

Persistent link: https://www.econbiz.de/10009441466

The anatomy of corruption: the practice of pension fund trustee decision-making

Clark, Gordon L. - 1998

The model of pension plan trustee decisionmaking introduced in a previous paper is extended here emphasising aspects of the social psychology of investment decisionmaking, including collegiality and the necessity of justification. To give the analysis structure, I begin with the framing logic of...

Persistent link: https://www.econbiz.de/10009441468

The functional and spatial structure of the investment management industry

Clark, Gordon L. - 2000

Most pension funds use an extensive array of service providers to administer and manage their financial assets. In this paper, I sketch a 'map' of the functional structure of service provision and the apparent spatial configuration of those elements. Theoretically, the paper could be thought...

Persistent link: https://www.econbiz.de/10009441484

The private provision of urban infrastructure: financial intermediation through long term contracts

Clark, Gordon L.; Evans, John - 1998

This paper deals with pension fund investment in urban infrastructure projects . It is suggested that the potential returns (and risks) with such projects are significantly greater than comparable fixed-income products though they have long gestation periods like gilt-edged securities. Our...

Persistent link: https://www.econbiz.de/10009441550

AN EMPIRICAL ANALYSIS OF PENSIONS FOR THE LABOR MARKET

Hill, Tomeka - 2006

Empirical research of pensions and its role in the labor market has been limiting and has led to inconclusive and … sometimes contradictory results. What is needed to have a better understanding of the role of pensions is better data that are … investigating the role of pensions on firm productivity. This dissertation comprises of two chapters. Each chapter is discussed …

Persistent link: https://www.econbiz.de/10009466177