When workers save and invest: Some Kaldorian dynamics

Does China save and Invest Too Much ?

China’s current saving and investment levels are extraordinary— both in terms of its own history, but also by comparison with the current and historical experience of high-saving countries like Japan. The International Monetary Fund’s 2005 World Economic Outlook places China’s gross saving at 50 percent of GDP with gross capital formation, not far behind, at 45 percent of GDP (IMF 2005: 96–97)....

When to invest in high speed rail

Lose some, save some: Obesity, automobile demand, and gasoline consumption

This paper examines the unexplored link between the prevalence of overweight and obesity and vehicle demand in the United States. Exploring annual sales data of new passenger vehicles at the model level in 48 U.S. counties from 1999 to 2005, we find that new vehicles demanded by consumers are less fuel-efficient on average as a larger share of people become overweight or obese. The OLS results ...

Foundations for Learning How to Invest when Returns are Uncertain

Most asset returns are uncertain, not merely risky: investors do not know the probabilities of different possible future returns. A large body of evidence suggests that investors are averse to uncertainty, as well as to risk. This paper builds up an axiomatic foundation for the dynamic portfolio and consumption choices of an uncertainty-averse (as well as risk-averse) investor who tries to lear...

When Do Firms Invest in Privacy-Preserving Technologies?

Privacy is a central concern in the information age. In some circumstances, customers’ decisions whether to use firms’ services rely on the extent of privacy that firms are able to provide, for example, the use of certain banking services, health care information technology [7]...etc. Firms thus face crucial assessment of investment on privacypreserving technologies. Two important factors affec...