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Government Deficits in the European Union: An Analysis of Entry and Exit Dynamics

Bayar, Ali; Smeets, Bram - CESifo - 2009

The extent of government deficits and debt has been one of the most debated issues in recent years. However, much less has been contributed about their dynamics. Yet, the issue of entering into and exiting from excessive deficits is critical in the Economic and Monetary Union since the Stability...

Persistent link: https://www.econbiz.de/10005013070

Entry and Exit Dynamics of 'Excessive Deficits' in the European Union

Bayar, Ali - CESifo - 1999

The extent of government deficits and debt has been one of the most debated issues in recent years. However, very little has been contributed about their dynamics . Yet, the issue of entering into and exiting from excessive deficits will be critical in the European monetary union since the...

Persistent link: https://www.econbiz.de/10005766305

Why Forcing People to Save for Retirement may Backfire

Bütler, Monika; Huguenin, Olivia; Teppa, Federica - CESifo - 2005

If individuals are unable or unwilling to borrow, a higher than desired second pillar pension capital may induce people to retire earlier than they would have in the absence of such a scheme. Individuals thus leave the workforce as soon as the retirement income is deemed sufficient and the...

Persistent link: https://www.econbiz.de/10005416490

Product Quality, Informality, and Child Labour

Fotoniata, Eugenia; Moutos, Thomas - CESifo - 2011

, since these policies have undesirable welfare effects among segments of wage-earning households, they may not garner the …

Persistent link: https://www.econbiz.de/10009224869

How Trade Unions Increase Welfare

Donado, Alejandro; Wälde, Klaus - CESifo - 2011

output and welfare increasing. …

Persistent link: https://www.econbiz.de/10009351471

Democracy, Inequality and the Environment when Citizens can Mitigate Privately or Act Collectively

Bernard, Sophie; Hotte, Louis; Winer, Stanley L. - CESifo - 2010

We study the political economy of the environment in autocratic, weak and strong democracies when individuals can either mitigate the health consequences of domestic pollution privately or reduce pollution collectively through public policy. The setting is that of a small open economy in which...

Persistent link: https://www.econbiz.de/10008727301

On Welfare Frameworks and Catastrophic Climate Risks

Millner, Antony - CESifo - 2013

that the welfare functions traditionally used in climate economics are ill-equipped to deal with climate catastrophes in … which population size changes. Drawing on recent work in population ethics I propose an alternative welfare framework with … normatively desirable properties, which has the effect of dampening the contribution of catastrophes to welfare. …

Persistent link: https://www.econbiz.de/10010703424

Welfare Effects of Short-Time Compensation

Braun, Helge; Brügemann, Björn - CESifo - 2014

We study welfare effects of public short-time compensation (STC) in a model in which firms respond to idiosyncratic … profitability shocks by adjusting employment and hours per worker. Introducing STC substantially improves welfare by mitigating …

Persistent link: https://www.econbiz.de/10011075726

Combining Rights and Welfarism: A New Approach to Intertemporal Evaluation of Social Alternatives

Long, Ngo Van; Martinet, Vincent - CESifo - 2012

We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the … the set of all feasible thresholds, accounting for the “cost in terms of welfare” of achieving these rights. We apply the …

Persistent link: https://www.econbiz.de/10009651182

Migration, Capital Formation, and House Prices

Grossmann, Volker; Schäfer, Andreas; Steger, Thomas - CESifo - 2013

heterogeneous welfare effects of labor market integration. Whereas individuals without residential property lose from immigration …

Persistent link: https://www.econbiz.de/10010627564