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Multiple Pareto-rankable equilibria may obtain in an overlapping generations model where consumers save to reach a fixed target. Existence and uniqueness conditions are discussed. The model displays excess consumption sensitivity to current income and perfect old-age insurance.
Persistent link: https://www.econbiz.de/10009365528
The paper attempts to provide an overview of the hospital sector in the Philippines with particular emphasis on hospitals being managed by the DOH. The paper begins with an overview of the hospital sector in the Philippines, describing the size, location, and utilization of hospital services. To...
Persistent link: https://www.econbiz.de/10009365324
An examination of the public pension and social security schemes in Pakistan reveals that the provision of regular pensions is limited to formal sector employees only. A number of social security schemes that are operational in the public and private sectors cover a small proportion of old-age...
Persistent link: https://www.econbiz.de/10009363326
With a declining birthrate and an aging population, Japan is increasingly finding itself in deeper financial difficulties. Recognizing these conditions, the government is now examining a framework for maintaining fiscal sustainability, mainly at the Council of Economic and Fiscal Policy. The...
Persistent link: https://www.econbiz.de/10009363524
This paper reviews the development of the social security system and trends in the urban labor market in the Peoples Republic of China (PRC). Despite its remarkable economic achievement, the PRC faces a difficult path before it can reform and improve its social security system and provide basic...
Persistent link: https://www.econbiz.de/10009363743
The paper examines the impact of recent inflation and financial shocks on the vulnerable, and explores policy design to reduce both future shocks and vulnerability to shocks. Inflation affects the typical savings cum pension portfolio and the specific consumption basket of the old, as prices of...
Persistent link: https://www.econbiz.de/10009363830
vulnerable to old age poverty, since many of them will have little extra income (e.g. from savings or pension) to finance their …
Persistent link: https://www.econbiz.de/10009363955
Population growth rate matters for determining the optimal amount of capital in the context of dynamic inefficiency. From the aspect of social security, if there are pension schemes, individuals have no motive for having a child as income source for retirement periods. Thus, it is important to...
Persistent link: https://www.econbiz.de/10009365491
measures of inequality, poverty, and pro-poor growth in four time periods over 1992–2010. Changes in these measures are …
Persistent link: https://www.econbiz.de/10011278239
Till date,conceptualisation of poverty in Bangladesh’s policy making is limited to income/consumption poverty where a … rise or fall of income/consumption above or below a pre-defined poverty line determines changes in poverty. To identify the … budgetary and fiscal measures which can be redesigned in a way that can significantly reduce poverty and ensure economic and …
Persistent link: https://www.econbiz.de/10009493301