This paper examines the impact of public pensions on saving, life insurance and annuity markets in an adverse selection economy.

In this paper, we use improved techniques and updated data from Taiwan to see if, after all, it is possible to tell a story in which demographic change has large effects on saving. We do this, not because we have any reason to revise our previous empirical results-indeed they are replicated on...

Saving behavior at a micro level in Chile has not been analyzed in recent decades. Based on 1988 and 1996-7 Chilean microeconomic evidence (Household Budget Survey), we present an analysis of household's saving behavior. The analysis is extended to include broader definitions of saving such as...

In two earlier studies, we established that, to some extent, liberalization of the financial system does matter in Nigeria and that operators of the banking system, as suppliers of credit, believe in the efficacy of the liberalization effort in stimulating deposit and promoting competition...

Most significant tax features in Taiwan relevant to household saving are the preferences accorded to incomes from capital (interest and dividend incomes and capital gains) under the individual income tax.