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„h Australia¡¦s surge in productivity growth in the 1990s fuelled an acceleration in growth in total income and average … income (income per person in Australia). ¡V Annual average income growth accelerated from 1.4 per cent in the 1970s and 1980s … income growth of the 1990s was distributed evenly between labour (wages and salaries) and capital (profits). The labour and …
Persistent link: https://www.econbiz.de/10005556030
We simulate the budget of the main pension institution of the country, the Banco de Previsión Social (BPS), from 1995, the year the reform was passed, to 2050, when the new system should be mature. We perform several sensitivity analyses to evaluate which are the key exogenous variables and...
Persistent link: https://www.econbiz.de/10005125903
Edward P. Lazear‘s thesis that “personal accounts are more consistent with economic principles, avoid government moral hazard, and provide more security than government Social Security” is unsound. The same applies to a number of other statements that are made in the process of expounding...
Persistent link: https://www.econbiz.de/10005125916
Although immigration of workers generates a positive externality on members of domestic pension systems, many countries are very reluctant to allow foreigners into their labor markets. In a political economic framework, we explain this voting outcome by considering a young unskilled median voter...
Persistent link: https://www.econbiz.de/10005125989
-control are more likely to invest in illiquid pensions while less likely to hold very liquid forms of assets. …
Persistent link: https://www.econbiz.de/10005556890
are random with respect to income. We use data on income and democracy going back to 1820, multiple definitions of … democracy, and non-parametric testing focusing on the distribution of entrants’ incomes. We find that income matters for entry … into higher levels of democracy; but if we control for the previously achieved level of democracy, the income effect …
Persistent link: https://www.econbiz.de/10005076629
Empirical studies of intertemporal dynamics of individual income, distribution of personal income, and growth and … distribution of national income are all based on statistics that rely on some concept of income. The dominant one today appears to … be the so-called Haig-Simons-Hicks (HSH) concept of income. I examine the foundations of this concept in Hicks's Value …
Persistent link: https://www.econbiz.de/10005135036
The relationship between speed and income is established in a micro- economic model focusing on the trade-off between … driver will choose to exceed the speed limit. The relationship between speed and income is found again in the empirical … speed on income, distance travelled and a number of controls. The results are clearly significant and indicate an average …
Persistent link: https://www.econbiz.de/10005062524
In this study we make an attempt to visualize the structure of the economy of Udalguri Subdivision of Assam, India. The structure of an economy comprises the characteristic features of and the interrelationships among its constituent parts and subsystems. These characteristic features and...
Persistent link: https://www.econbiz.de/10005407862
increases in income. This amounts to a rejection of the hypothesis that current income is the only argument in the utility … function. One possible answer is that human development involves more than current income (e.g., as argued by the UN). We find … absolute income, the generosity of the welfare state and (weakly) with life expectancy; it is negatively correlated with the …
Persistent link: https://www.econbiz.de/10005561269