Government spending in developing countries typically account for between 15 and 30
percent of GDP. Hence, small changes in the efficiency of public spending could have a major …

This paper derives optimal equity-bond-annuity portfolios for retired households who face
stochastic capital market returns, differential exposures to mortality risk and uncertain …

Nigeria's oil boom has not brought an end to perennial stagnation in the non-oil economy. Is
this the unavoidable consequence of the resource boom or have misguided policies …

Recent policy debates on pro-growth policies have emphasized the potential role of public
expenditure in infrastructure. The degree to which growth actually responds in a sustainable …

During the 1980s and the 1990s, private investment in the Middle East and North Africa (MENA)
has on average shown a decreasing or stagnant trend. This contrasts with the situation …

Whether US workers are saving adequately for retirement is an important subject for employer
and public policy. The optimal target levels of retirement savings are here determined …

This study empirically tests whether freezing or closing a defined-benefit (DB) pension plan
increases the sponsoring company’s market value. The database used for this study consists …

Governments of developing countries typically spend between15 and 30 percent of GDP.
Hence, small changes in the efficiency of public spending could have a major impact on GDP …

This paper analyzes the determinants of unsatisfying private investment growth in the
Middle East and North Africa (MENA) throughout the 1980s and 1990. In this period, private …

Several recent assessments suggest that the majority of US workers are at risk of suffering a
fall in their standard of living in retirement. These assessments are often based on models …