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The Impact of Financial Education for Youth in Ghana

Berry, James; Karlan, Dean; Pradhan, Menno - Tinbergen Instituut - 2015

offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked … money box. After nine months, both programs had significant impacts on savings behavior relative to the control group …, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education …

Persistent link: https://www.econbiz.de/10011256124

House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994

Rouwendal, Jan; Alessie, Rob - Tinbergen Instituut - 2002

paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We …) the savings of renters that may be considered as would-beowners. We find a significant effect of home equity on the demand … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …

Persistent link: https://www.econbiz.de/10011256325

Adaptation for Mitigation

Ikefuji, Masako; Magnus, Jan; Sakamoto, Hiroaki - Tinbergen Instituut - 2014

This paper develops a dynamic model consisting of two regions (North and South), in which the accumulation of human capital is negatively influenced by the global stock of pollution. By characterizing the equilibrium strategy of each region, we show that the regions' best responses can be...

Persistent link: https://www.econbiz.de/10011256464

Resource Extraction in a Political Economy Framework

Ryszka, Karolina - Tinbergen Instituut - 2013

We analyze resource extraction in a political economy setting by introducing a political leader who optimizes both his own and the society's welfare function. We find that accounting for the private utility of a political elite, its higher discount rate and a different time horizon generally...

Persistent link: https://www.econbiz.de/10011256563

Climate Change Skepticism in the Face of Catastrophe

Kagan, Mark - Tinbergen Instituut - 2012

This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wageincome going to the top decile of U.S. households since 1980. Under realistic assumptions, we find that all agents can benefit from the...

Persistent link: https://www.econbiz.de/10011256637

Non-Marginal Cost-Benefit Analysis and the Tyranny of Discounting

Vermeylen, Koen - Tinbergen Instituut - 2013

This paper uses the Kaldor-Hicks compensation principle to compute the present value (PV) of a non-marginal future event. Three theoretical results stand out: First, decreasing returns to capital create a wedge between the PV of future generations' willingness to pay (WTP) and the PV of their...

Persistent link: https://www.econbiz.de/10011256940

The Consumption Discount Rate for the Distant Future (if we do not die out)

Vermeylen, Koen - Tinbergen Instituut - 2013

Gollier and Weitzman (2010) show that if future consumption discount rates are uncertain and persistent, the consumption discount rate should decline to its lowest possible value for events in the most distant future. In this paper, I argue that the lowest possible growth rate of consumption per...

Persistent link: https://www.econbiz.de/10011257007

Modified Ramsey Discounting for Climate Change

Tol, Richard S.J. - Tinbergen Instituut - 2013

The Ramsey rule for the consumption rate of discount assumes a transfer of money of a (representative) agent at one point in time to the same agent at another point in time. Climate policy (implicitly) transfers money not just over time but also between agents. I propose three alternative...

Persistent link: https://www.econbiz.de/10011257150

Global and Regional Impacts of the Clean Development Mechanism

Wang, Shunli; Groot, Henri L.F. de; Nijkamp, Peter; … - Tinbergen Instituut - 2009

Climate change is a serious concern worldwide. Policy research on climate change in the past decades has largely focused on applied modelling exercises. However, the implications of specific policy strategies such as the clean development mechanism (CDM) for global and regional economic and...

Persistent link: https://www.econbiz.de/10011257526

Does the Wage Tax System cause Budget Deficits?

Riedl, Arno; Winden, Frans A.A.M. van - Tinbergen Instituut - 2000

This discussion paper led to a publication in <A href="http://www.springerlink.com/content/n3w45lxj307m883m/">'Public Choice'</A> 109(3-4) 371-94.<P>In this paper we investigate experimentally the functioning of a wage tax financed unemployment benefit system on the development of the budget deficit, unemployment, and some other indicators of economic performance...</p></a>

Persistent link: https://www.econbiz.de/10011255463