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The Portfolio Effect of Pension Reforms
Bottazzi, Renata; Jappelli, Tullio; Padula, Mario - C.E.P.R. Discussion Papers - 2009
We estimate the portfolio effect of changes in social security wealth exploiting a decade of Italian pension reforms as a source of exogenous variation. The Italian Survey of Household Income and Wealth records detailed portfolio data and elicits expectations of retirement outcomes, thus...
Persistent link: https://www.econbiz.de/10004973973
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Framing Effects in Political Decision Making: Evidence From a Natural Voting Experiment
Bütler, Monika; Maréchal, Michel André - C.E.P.R. Discussion Papers - 2007
This paper analyzes a recent ballot in which two virtually identical popular initiatives, both demanding a decrease in the legal age of retirement in Switzerland, led to differences in approval rates of nearly seven percentage points. Based on this unique natural experiment, the existence of...
Persistent link: https://www.econbiz.de/10005504768
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Enlisting Employees in Improving Payroll-Tax Compliance: Evidence from Mexico
Frías, Judith A; Kumler, Todd; Verhoogen, Eric A - C.E.P.R. Discussion Papers - 2013
incentives and information to improve the accuracy of employer reports can be an effective way to improve payroll-tax compliance. …
Persistent link: https://www.econbiz.de/10011083313
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Does Information Increase Political Support for Pension Reform?
Boeri, Tito; Tabellini, Guido - C.E.P.R. Discussion Papers - 2005
An opinion poll on a representative sample of Italian citizens suggests that it does. We focus on reforms that would lengthen retirement age and/or cut pension benefits. After controlling for individual features of the respondent, we find that individuals who are more informed about the costs...
Persistent link: https://www.econbiz.de/10005662128
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The Impact of Changing Demographics and Pensions on The Demand for Housing and Financial Assets
Cerny, Ales; Miles, David K; Schmidt, Lubomir - C.E.P.R. Discussion Papers - 2005
Using a calibrated OLG model with several sources of uncertainty we find that the impact of ageing and of reform of social security upon the demand for housing and the level of owner occupation is substantial. The overall structure of household asset holdings – in particular the split between...
Persistent link: https://www.econbiz.de/10005662297
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Retirement Expectations, Pension Reforms and Their Effect on Private Wealth Accumulation
Bottazzi, Renata; Jappelli, Tullio; Padula, Mario - C.E.P.R. Discussion Papers - 2005
We estimate the effect of pension reforms on households’ expectations of retirement outcomes and private wealth accumulation decisions exploiting a decade of Italian pension reforms as a source of exogenous variation in expected pension wealth. Two parameters are crucial to estimate pension...
Persistent link: https://www.econbiz.de/10005666687
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Government Cash Transfers, Household Consumption, And Poverty Alleviation - The Case Of Russia
Richter, Kaspar - C.E.P.R. Discussion Papers - 2000
The paper develops a new approach to measuring the impact of government cash transfers on poverty alleviation that … of changes in government cash benefits on poverty rates in Russia during 1994 to 1998. The methodological contribution is … changes in the expenditure distribution excluding cash transfers on movements in poverty rates. At least 30% of the rise in …
Persistent link: https://www.econbiz.de/10005124403
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Sharing High Growth Across Generations: Pensions and Demographic Transition in China
Song, Zheng Michael; Storesletten, Kjetil; Wang, Yikai; … - C.E.P.R. Discussion Papers - 2012
Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population …
Persistent link: https://www.econbiz.de/10011083803
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Ageing Gracefully? A Bootstrap Analysis of Poverty Among Pensioners Using Evidence from the PACO Databases
Heinrich, Georges - C.E.P.R. Discussion Papers - 1998
of incomes of future generations. The purpose of this paper is two-fold. From a policy point of view, we analyse poverty … was expensive but that it provided effective - albeit not efficient - poverty relief. From a methodological point of view …, we demonstrate the usefulness of bootstrapping techniques for statistical inference for poverty and inequality measures …
Persistent link: https://www.econbiz.de/10005791337
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The Crisis of Germany's Pension Insurance System and How It Can Be Resolved
Sinn, Hans-Werner - C.E.P.R. Discussion Papers - 1999
The paper discusses the options for a reform of the German pension system using a model developed at CES for the German Council of economic advisors to the Federal Ministry of Economics and Research. It is argued that the German pay-as-you-go-system is efficient in a present value sense but will...
Persistent link: https://www.econbiz.de/10005791248