Blar i Discussion papers (FOR) på emneord "household finance"
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Liquidity constraints and entrepreneurial performance
(Discussion paper, Working paper, 2007-09)If entrepreneurs are liquidity constrained and cannot borrow to operate on an efficient scale, those with more personal wealth should do better than those with less wealth. We investigate this hypothesis using a unique ... -
Optimal Pension Insurance Design
(Discussion paper, Working paper, 2006-09)In this paper we provide a framework for how the traditional life and pension contracts with a guaranteed rate of return can be optimized to increase customers’ welfare. Given that the contracts have to be priced correctly, ...