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I analyze the effects associated with the introduction of the earnings test on older Czech males' labor supply in 1996. Using data from the Labor Force Survey, I apply a difference-in-differences estimator to measure the effect of the policy change in the Czech pension scheme using a sample of...
Persistent link: https://www.econbiz.de/10005076532
The main objective of this paper is to go deeper into the “annuity puzzle” by introducing the altruistic and strategic bequest motive and determining whether this really is a relevant factor affecting the theoretical decision to purchase life annuities. With this end in view we develop an...
Persistent link: https://www.econbiz.de/10005125995
We examine the role of changing mortality in explaining the rise of retirement over the course of the 20th century. We … of death. In an environment in which mortality is high, an individual who saved up for retirement would face a high risk …. As mortality falls, however, it becomes optimal to plan, and save for, retirement. We simulate our model using actual …
Persistent link: https://www.econbiz.de/10005126354
LISTE EINIGER WICHTIGER ABKÜRZUNGEN 4 ZUM GELEIT 6 EINFÜHRUNG UND PROBLEMAUFRISS - INTERNATIONALE SOZIALPOLITIK BEDEUTET FÖRDERUNG DER KONVERGENZ DER LEBENSBEDINGUNGEN 7 TEIL A: SOZIALRECHT UND SOZIALPOLITIK DER EU 14 1) ENTWICKLUNGSLINIEN UND GRUNDPRINZIPIEN DER EUROPÄISCHEN SOZIALPOLITIK...
Persistent link: https://www.econbiz.de/10005556821
There are two aims to this paper: firstly, to provide an objective technical assessment of the current situation of the contributory pension system in Spain and its prospects for the future, and secondly, to look at the issues surrounding the introduction of a system of notional defined...
Persistent link: https://www.econbiz.de/10005560969
This paper will try to explain the “annuities puzzle” in greater depth by introducing the bequest motive, both strategic and altruistic. It will try to determine whether this motive really is a relevant feature influencing the demand for lifetime annuities by married couples. With this aim...
Persistent link: https://www.econbiz.de/10005560987
This paper examines the role of agent heterogeneity and learning on wage dispersion and employment dynamics. In the first half of the paper, I present an equilibrium matching model where heterogeneous workers and firms learn about match quality and bargain over wages. The model generalizes...
Persistent link: https://www.econbiz.de/10005125778
CAPITAL ACCUMULATION HAS BEEN EMPHASISED AS THE MAJOR FACTOR GOVERING THE RATE OF DEVELOPMENT. THIS STUDY THEREFORE AIMS EXPLORING IN THE LIGHT OF PAST TRENDS, THE ROLE AND SCOPE OF COMMERCIAL BANKS AS FINANCIAL INTERMEDIARIES IN MOBILIZING DOMESTIC SAVINGS FOR DEVELOPMENT AND THE CONSTRAINTS IN...
Persistent link: https://www.econbiz.de/10005076971
Suppose an altruistic person, A, is willing to transfer resources to a second person, B, if B comes upon hard times. If B anticipates that A will act in this manner, B will save too little from both agents' point of view. This is the Samaritan's dilemma. The logic of the dilemma has been...
Persistent link: https://www.econbiz.de/10005077070
Tipping is a multi-billion-dollar phenomenon that standard economic models find hard to explain. I discuss several aspects of tipping and divide tipping to six different categories: reward-tipping, price- tipping, tipping-in-advance, bribery-tipping, holiday-tipping and gift- tipping, and...
Persistent link: https://www.econbiz.de/10005134994