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The Role of Demographics in Precipitating Crises in Financial Institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10013155560

Rebalancing Growth in Asia

Prasad, Eswar S. - 2009

region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances …

Persistent link: https://www.econbiz.de/10013158044

The Impact of Education on the Subjective Discount Rate in Ugandan Villages

Bauer, Michal - 2009

Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...

Persistent link: https://www.econbiz.de/10012764244

On the Optimal Size of a Joint Savings Association

Stark, Oded; Budziński, Wiktor; Jakubek, Marcin; … - 2022

We develop a formula for the optimal size of a joint savings association between individuals who share the same … Rotating Savings and Credit Association (ROSCA). We measure the efficiency of a ROSCA by the expected waiting time that it …

Persistent link: https://www.econbiz.de/10014081869

Risk and Saving in Two-Person Households : More Scope for Precautionary Saving

Apps, Patricia - 2012

The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...

Persistent link: https://www.econbiz.de/10013099761

How General are Time Preferences? Eliciting Good-Specific Discount Rates

Ubfal, Diego - 2012

, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …

Persistent link: https://www.econbiz.de/10013099793

Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth

Richter, Wolfram F. - 2010

second best not to distort education if the human capital investment function is isoelastic. If the function is not …

Persistent link: https://www.econbiz.de/10013149817

Out of Sight, Out of Mind : Migration, Entrepreneurship and Social Capital

Wahba, Jackline - 2009

-migrant. Although migrants lose their original social networks whilst overseas, savings and human capital accumulation acquired abroad …

Persistent link: https://www.econbiz.de/10013154977

Hidden Insurance in a Moral Hazard Economy

Bertola, Giuseppe - 2013

We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...

Persistent link: https://www.econbiz.de/10013071425

Pensions, Household Saving, and Welfare : A Dynamic Analysis

Blau, David - 2011

Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order to obtain a tractable empirical model: fixed retirement and pension claiming ages, no borrowing constraint, little or no uncertainty, and no institutional restrictions on...

Persistent link: https://www.econbiz.de/10013128568