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March 03 2010 |
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"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." |
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Last Updated ( March 03 2010 )
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February 03 2010 |
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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. |
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Last Updated ( February 03 2010 )
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January 29 2010 |
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The world's Largest online retailer began with books and now sells even food. What's the secret? How big is too big? |
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Last Updated ( January 29 2010 )
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January 24 2010 |
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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. |
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Last Updated ( January 24 2010 )
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January 03 2010 |
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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. |
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Last Updated ( January 03 2010 )
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