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We build a model of universities combining their real production decisions with their choice of endowment size and asset allocation. Variation in opportunity cost, that is, the productivity of internal projects, has a first-order effect on these choices. Adding the UPMIFA-mandated 7% payout...
Persistent link: https://www.econbiz.de/10013038167
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This paper proposes a new approach to measure corporate sustainable performance called Sustainable Value Added. Value is created whenever benefits exceed costs. Current approaches to measure corporate sustainable performance take into account external costs caused by environmental and social...
Persistent link: https://www.econbiz.de/10001663592
categories are considered, namely ISEW and GPI based on corrections of GDP, sustainable or green(ed) GDP, genuine savings …
Persistent link: https://www.econbiz.de/10010430649
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English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …
Persistent link: https://www.econbiz.de/10010402537
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) for individuals' wealth accumulation. Using survey data from the German SAVE initiative, we find strong gender- and … education-related differences in the distribution of the two variables and their effects on wealth: As financial literacy rises … become strongly underconfident with higher education, while men remain overconfident. Regarding wealth accumulation, we show …
Persistent link: https://www.econbiz.de/10011417255
savings while a decreased variation in earnings decrease saving. Not accounting for the effect on expected earnings on saving …
Persistent link: https://www.econbiz.de/10009789000