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...

Homeowners who pay off their mortgages faster than required in order to minimize interest expenses may not be maximizing their wealth. A comparison between a 15-year and a 30-year mortgage payout -- using constant assumptions in regard to mortgage rate, tax rate, investment rate, loan amount,...

This report presents a global account of the historical relationship between migration, industrialization and economic growth, and then goes on to present an empirical examination of the dynamics immigration from Mirpur (Pakistan) and Jullundur (India) to the UK. It closes by considering the...

Verbreitete Armut ist nach wie vor eines der zentralen Probleme der arabischen Entwicklungsländer, das nicht nur auf begrenzte Erwerbsmöglichkeiten und geringe Einkommen zurückgeht. Große Teile der Bevölkerung verarmen auch deshalb immer wieder, weil sie keinen adäquaten Zugang zu...

This paper studies the effects of cash versus in-kind transfers on child labor. Using data from a program which randomly transferred either cash or a basket of food to poor households in Mexico, I fi nd that the cash transfer reduced children’s work participation by a signifi cantly larger...

Este artículo muestra cómo modelos de demanda pueden utilizarse para cuantificar los efectos de transferencias en especie y en efectivo sobre el bienestar de los beneficiarios. La metodología propuesta se basa en calcular los «precios virtuales» que garantizarían el mismo nivel de...