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This essay discusses the reasons for and implications of the decline in real interest rates around the world over the past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth, and markups. In this environment, greater government...
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variables may be fractionally integrated and the predictive relation may feature cointegration, we provide sup-Wald break tests …
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Using data from the largest online job portal in Nigeria, we document: (a) gender differences in salary offers for jobs … starting salaries than jobs in industries where applicants skew male. During Nigeria's 2016 recession, overall job applications …
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had a persistent 2-3 year impact on the flow of deposits and stock of savings, and increased the present value of branch …
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We study a retirement savings plan with a default contribution rate of 12% of income, which is much higher than …
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offered a loan, the additional offer of a savings lockbox increased farm investment by 11% and household consumption by 7 …. Working with Kenyan farmers, we cross-randomize access to a simple savings product with a harvest-time loan. Among farmers …
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