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We model the portfolio decisions by managers with career concerns in a context where ownership of the firm's stock can affect the outcome of promotion contests. In addition to their utility from wealth, such managers derive utility from the monetary and non-monetary benefits (prestige) of...
Persistent link: https://www.econbiz.de/10005100819
This paper assesses the contribution of cohort effects, age composition effects, and macroeconomic factors in the evolution of the female labour force participation rate in Canada between 1976 and 1994. Using data from the Survey of Consumer Finances, we find that cohort effects are the0501n...
Persistent link: https://www.econbiz.de/10005101112
. Ceux-ci sont regroupés sous le titre général de Pensions 4-2. …
Persistent link: https://www.econbiz.de/10009320189
In the absence of change to the income security system, more than 50% of workers moving toward retirement, with salaries on both sides of the median, will have to reduce significantly their standard of living. For the workers who rely strictly on the Old Age Pension and the Quebec Pension Plan,...
Persistent link: https://www.econbiz.de/10008794711
is likely to be caused by a wider variety of sources, including better health, less pervasive defined benefit pensions … and in general less generous pensions. …
Persistent link: https://www.econbiz.de/10011183747
The federal government announced in its 2012 budget its intention to delay the age of eligibility for Old Age Security and the Guaranteed Income Supplement from 65 to 67 years. By the time the policy is fully implemented (i.e., in 2030), this delay will have increased net revenues of the federal...
Persistent link: https://www.econbiz.de/10011205325