Showing 1 - 10 of 2,207
This study considers the efficacy of a tax incentivised savings scheme in context of decision making rigidities …. Analysis is based on a classical life-cycle model of savings and investment decisions, augmented with a salience cost over … participation in Individual Savings Accounts (ISAs) currently run in the UK. Calibration results indicate that salience costs help …
Persistent link: https://www.econbiz.de/10013080421
Persistent link: https://www.econbiz.de/10013480847
Systematic differences along the wealth distribution in investment performance will potentially have large consequences for the level and persistence of wealth inequality. These differences in performance are hard to measure except in a few, select countries with detailed information on...
Persistent link: https://www.econbiz.de/10012863657
Using a unique new data set linking administrative data on investment performance and financial knowledge, we examine whether investors who are more financially knowledgeable earn more on their retirement plan investments, compared to their less sophisticated counterparts. We find that...
Persistent link: https://www.econbiz.de/10013025527
This paper investigates individuals' investment behaviour in their retirement savings surrounding milestone birthday … to make investment changes. We utilise a large Australia retirement savings fund which provides the history of investment …
Persistent link: https://www.econbiz.de/10012949647
This paper analyzes the impacts of financial literacy on the investment and pension planning behavior in Austria and Switzerland. Based on survey data of 449 individuals from Austria and Switzerland, we first analyze which socio-demographic and country-specific factors determine financial...
Persistent link: https://www.econbiz.de/10012983823
In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and persistent current account surpluses were due primarily...
Persistent link: https://www.econbiz.de/10011311745
access to formal savings. This is the first study to use a randomized controlled trial to evaluate the impact of using mobile … friends. We work with two cross-randomized interventions. The first treatment gave access to a remunerated mobile savings … primary farmer counterparts. We find that the remunerated mobile savings account raised mobile savings, but only while …
Persistent link: https://www.econbiz.de/10012140124
Long-term savings and investments (LTSI) by individuals enhances their financial security while also supporting growth …
Persistent link: https://www.econbiz.de/10011404038
Martin Stuart ("Marty") Feldstein, currently George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, Inc. (NBER), is a renowned American economist who has made important contributions to public finance, macroeconomics,...
Persistent link: https://www.econbiz.de/10010381488