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How do 401(k)s Affect Saving? Evidence from Changes in 401(k) Eligibility
Finance
March 03 2010

"This paper investigates the effect of 401(k) eligibility on saving. To address the possibility that eligibility correlates across individuals with their unobserved tastes for saving, I examine a change in eligibility: some individuals are initially ineligible for their 401(k) but become eligible when they have worked at their firm long enough.

I find that eligibility raises 401(k) balances, but I find no evidence that other financial assets decrease. I also find no evidence that intertemporal substitution drives increases in saving following eligibility. In response to eligibility, IRA assets increase, consistent with a “crowd-in” hypothesis, and accumulation of cars decreases."

Last Updated ( March 03 2010 )
 
How the United States Lost the Naval War of 2015
Military
February 03 2010

How the United States Lost the Naval War of 2015. Free download eBook in pdf format.Years of strategic missteps in oceans policy, naval strategy and a force structure in decline set the stage for U.S. defeat at sea in 2015. After decades of double-digit budget increases, the People’s Liberation Army (Navy) was operating some of the most impressive systems in the world, including a medium-range ballistic missile that could hit a moving aircraft carrier and a super-quiet diesel electric submarine that was stealthier than U.S. nuclear submarines.

Last Updated ( February 03 2010 )
 
Amazing Amazon
Computer & Internet
January 29 2010

Amazing Amazon. Download free eBook in pdf format.The world's Largest online retailer began with books and now sells even food. What's the secret? How big is too big?

Last Updated ( January 29 2010 )
 
How to Build a Cupola
Home
January 24 2010

How to Build a Cupola.When I decided to build a cupola to dress up my bland garage, I began by taking a walk. Most of the cupolas in my neighborhood are purely decorative. But the really old ones—those that sit atop garages that were once carriage houses—were built for both decoration and ventilation. In the days before roof and ridge vents, a cupola was the most effective way to ventilate a stable, barn or even a house.

Last Updated ( January 24 2010 )
 
China’s Policies on FDI: Review and Evaluation
Economics
January 03 2010

China’s Policies on FDI: Review and Evaluation. Download Free eBook in pdf format.Foreign direct investment (FDI) has been one of the most discussed topics in the drive for economic globalization. Multinational corporations (MNCs) consider FDI an important means to reorganize their production activities across borders, in accordance with their corporate strategies and the competitive advantages of host countries.

Host countries regard inflow of FDI as a significant opportunity for integrating their economies into the global market and promoting their economic development. To maximize FDI’s benefits in economic development, host country governments employ a variety of policies and measures. Performance requirements might serve as an important policy tool in this regard, since they help enhance the benefits brought along by, and address those concerns in relation to, FDI inflow.

Last Updated ( January 03 2010 )
 
Asian-Pacific Foreign Direct Investment in the United States
Business
December 30 2009

Asian-Pacific Foreign Direct Investment in the United States. Download Free eBook in pdf format.Foreign direct investment (FDI) from the Asia–Pacific in the United States plays an important and growing role in the U.S. economy. This paper explores the role of FDI from Asian–Pacific countries, analyzes recent trends, forecasts long-term prospects, and identifies new opportunities for the U.S. economy.

Last Updated ( December 30 2009 )
 
European Private Equity Outlook 2010
Finance
December 27 2009

European Private Equity Outlook 2010. download free eBook in pdf format.European private equity firms have been hit especially hard by the financial and economic crisis. In 2008, investment volumes dropped by 27% and the forecasts for 2009 show a further decline by up to 40%.

Last Updated ( December 27 2009 )
 
An Interview with Paul A. Samuelson by William A. Barnett
Economics
December 13 2009

An Interview with Paul A. Samuelson by William A. Barnett. Download free eBook in pdf format.It is customary for the Interviewer to begin with an introduction describing the circumstances of the interview and providing an overview of the nature and importance of the work of the interviewee.

However, in this case, as Editor of this journal, I feel it would be presumptuous of me to provide my own overview and evaluation of the work of this great man, Paul Samuelson. The scope of his contributions has been so vast (averaging almost one technical paper per month for over 50 years) that it could be particularly difficult to identify those areas of modern economic theory to which he has not made seminal contributions.

Last Updated ( December 13 2009 )
 
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