scholarly journals Liquidity in Retirement Savings Systems: An International Comparison

2015 ◽  
Vol 105 (5) ◽  
pp. 420-425 ◽  
Author(s):  
John Beshears ◽  
James J. Choi ◽  
Joshua Hurwitz ◽  
David Laibson ◽  
Brigitte C. Madrian
Keyword(s):  
Developed Countries ◽  
Retirement Savings ◽  
Defined Contribution ◽  
Middle Income ◽  
Dc System ◽  
Early Withdrawal ◽  
The Us ◽  
Transitory Income ◽  
Income Shock ◽  
The Uk

We compare the liquidity that six developed countries have built into their employer-based defined contribution (DC) retirement schemes. In Germany, Singapore, and the UK, withdrawals are essentially banned no matter what kind of transitory income shock the household realizes. By contrast, in Canada and Australia, liquidity is state-contingent. For a middle-income household, DC accounts are completely illiquid unless annual income falls substantially, in which case DC assets become highly liquid. The US stands alone in the universally high liquidity of its DC system: whether or not income falls, the penalties for early withdrawal are low or non-existent.

Report of the Investment Products for Retirement Savings Working Party: “Is there a place in the UK Defined Contribution pensions market for a guaranteed savings product?” ‐ Abstract of the London discussion

2013 ◽  
Vol 18 (3) ◽  
pp. 657-675
Author(s):  
Scott Eason
Keyword(s):  
Working Party ◽  
Retirement Savings ◽  
Defined Contribution ◽  
Publication Type ◽  
The Uk

This abstract relates to the following paper:EasonS., BarkerP., ForoughiG., HarsantJ., HunterD., JarvisS., JonesG., KnavaV., MurphyP., MurrayK., MuthulingamJ., OdoziN., PageT., WashomaK. & WebbA.Is there a place in the UK Defined Contribution pensions market for a guaranteed savings product?British Actuarial Journal, doi:10.1017/S135732171300024X

scholarly journals Dividend Policy in Indonesian Companies: Does Corporate Governance Matter?

2019 ◽  
Vol 8 (2S9) ◽  
pp. 825-830
Keyword(s):  
Corporate Governance ◽  
Dividend Policy ◽  
Resource Dependence ◽  
Secondary Data ◽  
Developed Countries ◽  
Resource Dependence Theory ◽  
Financial Statement ◽  
Finance Industry ◽  
The Us ◽  
The Uk

This study investigates whether corporate governance matters with regards to the dividend policy in Indonesian companies. Previous studies on this subject have mostly been done in developed countries, which have adopted the common law, such as in the US and the UK. This study uses 26 companies operating in the finance industry. Secondary data is used from several sources, such as the annual report and financial statement and related websites. This study uses an independent sample t-test to analyse the data. Corporate governance matters for dividend policy in Indonesian companies. It is evidenced by the fact that there is a significant differ ence in managerial ownership and board size between dividend paid and dividend not paid. Profitability also differs between dividend paid and dividend not paid companies; companies with higher profitability tend to pay dividend. This study provides empirical evidence that corporate governance matters for dividend policy in Indonesian companies. There are two contributions of this study: the result confirms the resource dependence theory and the convergence governance hypothesis.

Minimising medical litigation: a review of key tort and legal reforms

2009 ◽  
Vol 5 (2) ◽  
pp. 179-233 ◽  
Author(s):  
Harold Tan
Keyword(s):  
Medical Malpractice ◽  
Developed Countries ◽  
Economic Sustainability ◽  
Legal Reforms ◽  
The Us ◽  
Tort System ◽  
Medical Litigation ◽  
Tort Reforms ◽  
The Uk ◽  
The Impact

The traditional tort system in medical malpractice is increasingly perceived as being incapable of addressing the mismatch between claims and negligent injuries. Tort reforms have been introduced in various developed countries in an attempt to bring about greater fairness and economic sustainability in the compensation of medical injuries and to reduce the overall rate of medical litigation. This paper reviews the key tort reforms that have been used in various countries, notably the US and the UK, and discusses the arguments that had been put forth by advocates and opponents of such reforms. The impact of these tort reforms, where studied and available, is also reviewed and discussed in the paper.

scholarly journals Situating Continuing Professional Development in Life Long Learning in Qatar

2016 ◽  
Vol 11 (11) ◽  
pp. 81 ◽  
Author(s):  
Vishanth Weerakkody ◽  
Mohamad Osmani ◽  
Paul Waller ◽  
Nitham Hindi ◽  
Rajab Al-Esmail
Keyword(s):  
Professional Development ◽  
Continuing Professional Development ◽  
Developed Countries ◽  
The Past ◽  
Life Long Learning ◽  
The Us ◽  
Local Contexts ◽  
The Uk ◽  
High Level

<p>Continued professional development (CPD) has been at the centre of capacity building in most successful organisations in western countries over the past few decades. Specialised professions in fields such as Accounting, Finance and ICT, to name but a few, are continuously evolving, which is necessitating certain standards to be followed through registration and certification by a designated authority (e.g. ACCA). Whilst most developed countries such as the UK and the US have well established frameworks for CPD for these professions, several developing nations, including Qatar (the chosen context for this article) are only just beginning to adopt these frameworks into their local contexts. However, the unique socio-cultural settings in such countries require these frameworks to be appropriately modified before they are adopted within the respective national context. The purpose of this paper is to examine the role of CPD in Qatar through comparing the UK as a benchmark and drawing corresponding and contrasting observations to formulate a roadmap towards developing a high level framework.</p>

Evolution of military medicine literature: a scientometric study of global publications on military medicine between 1978 and 2017

2019 ◽  
Vol 166 (E) ◽  
pp. e25-e33 ◽  
Author(s):  
Engin Şenel
Keyword(s):  
Military Medicine ◽  
Developed Countries ◽  
Least Developed Countries ◽  
Academic Field ◽  
Novel Studies ◽  
Publication Patterns ◽  
The Us ◽  
The Uk ◽  
Developed Nations ◽  
The Military

ObjectivesScientometrics is a popular statistical discipline providing data relevant to publication patterns and trends in a certain academic field. There are no scientometric analyses of publications produced in military medicine literature. The present study aims to perform a holistic analysis of military medicine literature.MethodsAll data of this study were collected from the Web of Science Core Collection. All indexed documents between 1978 and 2017 were included. Countries, authors, institutions, citations and keywords relevant to the military medicine literature were comprehensively analysed. An infomap revealing global productivity and infographics of scientometric networks were generated.ResultsA total of 48 240 published items were found, 82.29% of which were original articles. USA, covering 56.66% of all literature dominated the military medicine field followed by the UK, China, Canada and Israel. We found that 18 of 20 most productive institutions in the world were from USA and the US Department of Defense was the most contributing institution in the literature with 9664 documents. The most used keywords over a 40-year period were ‘military’, ‘veterans’, ‘posttraumatic stress disorder’ and ‘military personnel’. A scientometric network of keywords showed a complicated ‘starburst pattern’.ConclusionAll most contributing countries except Turkey, China and Israel were developed nations. Only one institution (Tel Aviv University) from developing countries was noted in the list of 20 most productive institutions. The researchers from developing and the least developed countries should be encouraged and supported to carry out novel studies on military medicine.

Strategies for Business Firms in Declining Markets

2009 ◽  
Vol 5 (2) ◽  
pp. 173-181
Author(s):  
Sarira Aurangabadkar
Keyword(s):  
Interest Rates ◽  
Developed Countries ◽  
Fiscal Year ◽  
Government Growth ◽  
Global Recession ◽  
Reserve Bank ◽  
The Us ◽  
Manufacturing Activity ◽  
The Government ◽  
The Uk

The economic crisis that has engulfed the world since 2007 has become serious by the first quarter of 2009.Many developed countries too are affected severely, namely the US, Germany, the UK and others. Fortunately, India as of now seems to be less affected, yet the winds of global recession are now felt. The Indian economy grew at an annual rate of 7.6% in the quarter ending in September, 2008. As per the projections of the government growth in the fiscal year, 2008-09 could be in the range of 7 to 8 %, which is, lower than 9% in the last year. The government has unveiled a multibillion dollar stimulus on 7th December, 2008 and 2nd January, 2009 respectively. The Reserve Bank of India has cut interest rates aggressively. India Inc has felt the heat of the global meltdown in the third quarter ending in December, 2008 where the income has dropped by a massive 23% points compared to the previous year. Indian manufacturing activity has contracted for the second consecutive month in December, 2008 to its lowest in more than three and half years. India’s exports too have declined by 12.1 % in October, 2008 showing a negative trend for the first time in the last five years.

scholarly journals Global Breast Cancer: The Lessons to Bring Home

2012 ◽  
Vol 2012 ◽  
pp. 1-7 ◽  
Author(s):  
Silvia C. Formenti ◽  
Alan A. Arslan ◽  
Susan M. Love
Keyword(s):  
Breast Cancer ◽  
Developed Countries ◽  
Effective Management ◽  
Middle Income ◽  
Western Countries ◽  
Middle Income Countries ◽  
Common Cancer ◽  
The Us ◽  
Low And Middle Income

Breast cancer is the most common cancer affecting women globally. This paper discusses the current progress in breast cancer in Western countries and focuses on important differences of this disease in low- and middle-income countries (LMCs). It introduces several arguments for applying caution before globalizing some of the US-adopted practices in the screening and management of the disease. Finally, it suggests that studies of breast cancer in LMCs might offer important insights for a more effective management of the problem both in developing as well as developed countries.

scholarly journals The effects of volatility and changes in conditional correlations in the stock markets of Russia and developed countries

2020 ◽  
Vol 65 (227) ◽  
pp. 67-94
Author(s):  
Oleg Salmanov ◽  
Natalia Babina ◽  
Marina Samoshkina ◽  
Irina Drachena ◽  
Irina Salmanova
Keyword(s):  
Stock Markets ◽  
Statistical Significance ◽  
Developed Countries ◽  
Investment Strategies ◽  
Russian Market ◽  
The Us ◽  
The Usa ◽  
International Portfolios ◽  
Russian Stock Market ◽  
The Uk

The aim of this article is to identify patterns of profitability volatility and to establish the degree of dynamic conditional correlation between the stock markets of developed countries and those of Russia. This issue is important for investment strategies and the international diversification of investments. We use the BEKK-GARCH, CCC-GARCH, and DCCGARCH models and show that the correlation between the Russian stock market and the markets of the USA, UK, Germany, and France has decreased significantly in recent years. We find that while the correlation between the Russian market and the mature European markets is bidirectional, the relationship between the US market and the Russian market is unidirectional. An assessment of the transfer of volatility from all of the mature markets to the Russian market establishes its statistical significance and shows that feedback from the Russian market to the UK and German markets is insignificant. Diversification of international portfolios in the Russian market is recommended.

scholarly journals Motivation and Framework

2021 ◽  
pp. 1-21
Author(s):  
Eiji Hotori ◽  
Mikael Wendschlag ◽  
Thibaud Giddey
Keyword(s):  
Financial Regulation ◽  
Bank Regulation ◽  
Developed Countries ◽  
Banking Supervision ◽  
Supervisory Authority ◽  
The Us ◽  
Growing Body ◽  
History Of ◽  
Definition Of ◽  
The Uk

AbstractThis chapter introduces the concept and a definition of the “formalization” of banking supervision that is examined in this book and outlines the aim and scope of the book. In addition to providing the reader with an overview of the history of banking supervision in eight developed countries (the US, Japan, Sweden, Germany, Switzerland, Belgium, France, and the UK), the book presents information regarding the formalization process itself. That process is assessed based on three criteria—bank regulation, supervisory authority, and supervisory activity. This approach is intended to provide more detail than a simple assessment based on banking acts that is common in financial regulation research. The aim of the analysis undertaken in this book is to identify why the history of banking supervision in various countries shares many similarities and yet also displays many differences. In Sect. 1.5, we provide an overview of the historiography of the formalization of banking supervision with a special emphasis on comparative and internationally oriented literature, while the growing body of literature on each of the national cases is discussed in subsequent chapters.

scholarly journals Consumers’ perceptions and behavior toward food waste across countries

2021 ◽  
pp. 1-14
Author(s):  
Yan Heng ◽  
Lisa House
Keyword(s):  
Food Waste ◽  
Employment Status ◽  
Developed Countries ◽  
Primary Data ◽  
Personal Factors ◽  
Household Level ◽  
Global Issue ◽  
The Us ◽  
The Uk ◽  
And Behavior

Food waste has become a global issue that has received increased attention. Food waste at the household level is a major source of food loss in developed countries. While culture is an important factor shaping people’s behavior, comparison of food waste behaviors across countries and regions are still limited. This study uses primary data covering the US, Canada, the UK, and France to understand and compare consumers’ food waste behaviors. While we found some common drivers for food waste behavior appliable to all countries, such as age, eating away from home, and using expiration dates, we confirmed that consumers behave significantly different across countries. For example, personal factors such as employment status, household size, and environmental concerns are only found significant in certain countries. Similarly, while convenience-driven consumers tend to waste more across countries, only European consumers who are price and advertising conscious tend to increase their food waste frequency. Moreover, many well-known food waste prevention actions, such as making a shopping list, preserving and freezing food, and being willing to consume leftovers, only appear to work in certain countries.

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