Showing 1 - 10 of 39
We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a … in 1996 as an exogenous increase in the likelihood of marital dissolution. We analyze the saving behaviour over time of …
Persistent link: https://www.econbiz.de/10005772177
The demographic shift underway in Southern Europe requires a revision of some of the fundamental principles of the traditional welfare state. We analyze the evolution of several aspects of welfare and social expenditure over the last two decades. We find that in the context of the present...
Persistent link: https://www.econbiz.de/10005771949
The demographic shift underway in Southern Europe requires a revision of some of the fundamental principles of the traditional welfare state. We analyze the evolution of several aspects of welfare and social expenditure over the last two decades. We find that in the context of the present...
Persistent link: https://www.econbiz.de/10005572670
world: (1) they redistribute income from young to old and (2) they induce retirement. We construct a voting model that … transfers from the government (paid by the young) and distortionary labor income taxes induce the retirement of the elderly. In …
Persistent link: https://www.econbiz.de/10005704930
programs with retirement incentives are larger and that the old are more "single-minded" in their politics, implications which …
Persistent link: https://www.econbiz.de/10005772206
of social security include the "SS as welfare for the elderly" the "retirement increases productivity to optimally manage … human capital externalities", "optimal retirement insurance", the "prodigal father problem", the "misguided Keynesian", the … "monopoly capitalism theory", and the "Sub-but-Nearly-Optimal policy response to private pensions theory". The political and …
Persistent link: https://www.econbiz.de/10005772277
166 countries have some kind of public old age pension. What economic forces create and sustain old age Social Security as a public program? We document some of the internationally and historically common features of Social Security programs including explicit and implicit taxes on labor supply,...
Persistent link: https://www.econbiz.de/10005772283
retirement at 60 (the age of first entitlement) with respect to the economy without minimum pensions, and total early retirement …In this paper we explore the effects of the minimum pension program on welfare and retirement in Spain. This is done … by the minimum pension in aggregate retirement patterns. The impact is substantial: there is threefold increase in …
Persistent link: https://www.econbiz.de/10005704846
We develop a model to analyse the implications of firing costs on incentives for R&D and international specialization. The Key idea is paying the firing cost, the country with a rigid labor market will tend to produce relatively secure goods, at a late stage of their product life cycle. Under...
Persistent link: https://www.econbiz.de/10005704983
Temporary employment contracts allowing unrestricted dismissals were introduced in Spain in 1984 and quickly came to account for most new jobs. As a result, temporary employment increased from around 10% in the mid-eighties to more than 30% in the early nineties. In 1997, however, the Spanish...
Persistent link: https://www.econbiz.de/10005827506