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This paper examines factors affecting saving, policy tools, and tax reform. The literature on factors affecting saving and capital formation in industrialized countries is reviewed, and measurement problems are examined. The effect on the saving rate of real rates of return, income redistribution, allocation of saving between corporations and individuals, growth of public and private pension plans, tax incentives, the bequest motive, energy prices, and inflation is considered. The limited tools available to policymakers to affect savings are discussed.
This book, written by two leading Swedish economists and first published in 1984, constitutes a threefold contribution to the expanding field of economic discrimination. In the first place, it summarizes different approaches to the economics of discrimination, from the beginning of the British debate on equal pay in the 1890s onwards. Secondly, the book contains analytical chapters that, taking the theory originated by Gary Becker as their point of departure, critique and develop the Beckerian theory in a number of ways; in particular, the phenomenon known as crowding is investigated in different models. Finally, the theories thus developed are applied to a concrete case of discrimination: that of apartheid in South Africa. This is a fascinating title that will be of value to any economics students researching the development of discrimination theory during the twentieth century in particular.
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This text examines the responses to the challenges imposed by reforms in Mexico's economic and political systems, and the international economic community for transparent and fair business dealings. Weighing goals of economic reform against its results, prospects for further reforms are evaluated.