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| 1 |
ID:
192901
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| Summary/Abstract |
We investigate the results of the Israeli pension reform that started at the beginning of 2016. This reform created aged, adjusted pension plans that are aimed to fit better the different age categories and protect the over 60 years old savers from the occurrence of a financial crisis close to their retirement. We find that all the over 60 years old funds have outperformed the financial market according to their preferred level of risk. On the other hand, because the financial market blossomed in recent years, they lost a yearly potential return of 1.64%. The pension tracks for under 50 years old savers have gained an extra of 0.73% return per year; however, not all funds in this age category have outperformed the market benchmarks. The reform did not have a substantial impact on the 50–60 years old track since the risk ingredient has not changed dramatically.
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| 2 |
ID:
177748
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| Summary/Abstract |
This article examines the extent to which the Sister Cities program affects local tourism in Israel. We split sister cities’ coupling methods into four categories according to the populations of the foreign and local cities and found that the most beneficial coupling method, in terms of the number of tourists and the length of time they spend in Israel, was the same sizes method (Big-Big and Small-Small), with an emphasis on Big-Big, which was found to be the best coupling method. The findings show that culture, religion and common ideology have an important influence on tourism.
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| 3 |
ID:
189423
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| Summary/Abstract |
This article examines the relationships between 21 fiat currencies to Bitcoin price movements using daily data from the beginning of 2012 to the end of March 2021. We use a two-stage analysis. The first stage excludes currencies, which are uncorrelated with the daily returns of the Bitcoin. The second stage is to run a Granger-causality test on the remaining six currencies to examine whether lagged excess returns on the Bitcoin Granger-cause the excess returns on the currencies or vice versa. Results support the conclusion that the return on Bitcoin Granger-Cause the return on the Israeli Shekel (ILS), but not vice versa. A possible explanation of these outcomes is the susceptibility of financial investors in Bitcoin and the ILS to the Israeli economy.
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