Showing 1 - 10 of 14
This paper studies how an increase in the minimum retirement age affects the labor market behavior of older workers. Between 2000 and 2006 the Austrian government gradually increased the early retirement age from 60 to 62.2 for men and from 55 to 57.2 for women. Using administrative data on the...
Persistent link: https://www.econbiz.de/10009275966
The aim of this paper is to better understand the impact of unemployment on the design of Pay-As-You-Go pension systems, in the context of population aging. We consider a model in which people differ according to age and face in every period a given probability of becoming unemployed. We first...
Persistent link: https://www.econbiz.de/10005504370
In many countries elderly workers are subject to a double distortion when they consider prolonging their activity: the payroll tax and a reduction in their pension rights. It is often argued that such a double burden would not be socially desirable. We consider a setting where it would be...
Persistent link: https://www.econbiz.de/10005114223
This Paper analyses the effects of macroeconomic conditions throughout life on the individual mortality rate. We estimate flexible duration models where the individual’s mortality rate depends on current conditions, conditions earlier in life (notably during childhood), calendar time, age,...
Persistent link: https://www.econbiz.de/10005789099
This paper analyses the nature of the monetary policies in the EMS during the most recent recession. It shows that …
Persistent link: https://www.econbiz.de/10005792203
indicators of the "Great Recession" of 2008-09. We use a cross-country approach and examine a number of potential causes that … worse crises, we find few clear reliable indicators in the pre-crisis data of the incidence of the Great Recession …
Persistent link: https://www.econbiz.de/10008550324
negatively correlated with countries’ resilience to the recent recession as measured by output growth in 2008 and 2009. …
Persistent link: https://www.econbiz.de/10008553066
Increases in oil prices have been held responsible for recessions, periods of excessive inflation, reduced productivity and lower economic growth. In this Paper, we review the arguments supporting such views. First, we highlight some of the conceptual difficulties in assigning a central role to...
Persistent link: https://www.econbiz.de/10005124426
Do generations growing up during recessions have different socio-economic beliefs than generations growing up in good times? We study the relationship between recessions and beliefs by matching macroeconomic shocks during early adulthood with self-reported answers from the General Social Survey....
Persistent link: https://www.econbiz.de/10005048546
A salient feature of the recent U.S. recession is that output and employment have declined more in regions (states … borrowing tightens the cash-in-advance constraint, thus triggering a recession. We show that the evidence on house prices … significantly reduced the severity of the recent recession. …
Persistent link: https://www.econbiz.de/10009024926