Showing 1 - 10 of 11,476
This paper constructs time series data on savings per type of agent for Chile during the period 1960-2012. It is found … the following measures: i) pension reform that introduced mandatory savings and private sector management, ii) banking … that the economy's average savings rate increased by 11 percentage points in the period 1985-2012 compared to 1960- 1984 …
Persistent link: https://www.econbiz.de/10011485555
-front financial incentives are an effective policy lever to change behaviour. The paper argues that incentives differ in their … transparency and in their complexity; individuals are more likely to respond to incentives that are both transparent and imply a … Resources Survey on these two tests of household responses to complex incentives. …
Persistent link: https://www.econbiz.de/10009512166
increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer … evaluating their effectiveness. We conduct two randomized field experiments among low-income micro-entrepreneurs in Chile. The … first experiment finds that self-help peer groups are very potent at increasing savings. In contrast, a more classical …
Persistent link: https://www.econbiz.de/10009530133
Persistent link: https://www.econbiz.de/10009486065
Persistent link: https://www.econbiz.de/10009665967
We test the effectiveness of self-help peer groups as a commitment device for precautionary savings, through two … randomized field experiments among 2,687 microentrepreneurs in Chile. The first experiment finds that self-help peer groups are a … powerful tool to increase savings (the number of deposits grows 3.5-fold and the average savings balance almost doubles …
Persistent link: https://www.econbiz.de/10013099420
We test the effectiveness of self-help peer groups as a commitment device for precautionary savings, through two … randomized field experiments among 2,687 microentrepreneurs in Chile. The first experiment finds that self-help peer groups are a … powerful tool to increase savings (the number of deposits grows 3.5-fold and the average savings balance almost doubles …
Persistent link: https://www.econbiz.de/10012460243
increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer … evaluating their effectiveness. We conduct two randomized field experiments among low-income micro-entrepreneurs in Chile. The … first experiment finds that self-help peer groups are very potent at increasing savings. In contrast, a more classical …
Persistent link: https://www.econbiz.de/10013110869
Effective design and regulation of retirement benefits require accurate understanding of how the elderly decumulate. We analyse the income, assets and decumulation patterns of a longitudinal panel of 10,000 Australian age pensioners. On average, age pensioners preserve financial and residential...
Persistent link: https://www.econbiz.de/10012944858
We provide a microeconomic analysis of the incentive and welfare effects of idiosyncratic return risk. While most of the existing literature has focused on risky returns as an aggregate shock, we allow for correlation between returns and the agent's non-financial endowment. Using a simple...
Persistent link: https://www.econbiz.de/10012852575