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This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping generation model with potentially endogenous retirement decisions, the paper shows that the type of aging, i.e. declining...
Persistent link: https://www.econbiz.de/10011392492
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...
Persistent link: https://www.econbiz.de/10011455532
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...
Persistent link: https://www.econbiz.de/10011482705
Persistent link: https://www.econbiz.de/10011498020
This paper analyzes the impact of demographic aging on capital accumulation and welfare in economies with unfunded pensions. Using a two-period overlapping generation model with potentially endogenous retirement decisions, it shows that both the type of aging, i.e. declining fertility or...
Persistent link: https://www.econbiz.de/10011499785
than the rate of population growth. The workers with medium wages (not those with the lowest wages) and the retirees form a …
Persistent link: https://www.econbiz.de/10009781530
Persistent link: https://www.econbiz.de/10011589480
Persistent link: https://www.econbiz.de/10012216405
observed in the 1980s, with an additional factor being that husbands' real wages fell slightly in the 1980s but rose in the … elasticity. And, continuing past trends, women's labor supply also became less responsive to their husbands' wages. Between 1980 … wages and work hours; and omitted variables that affect both wage offers and the propensity to work; as well as when age …
Persistent link: https://www.econbiz.de/10003339775
affecting their labor supply and wages in the United States. We find, as expected, that women who migrate from countries with … and wages suggest that cultural capital and individual job-related human capital act as substitutes in affecting …
Persistent link: https://www.econbiz.de/10009311482