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"This paper examines the impact of exchange rates and import prices on the domestic producer price index and consumer price index in selected industrialized economies. The empirical model is a vector autoregression incorporating a distribution chain of pricing. When the model is estimated over...
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Borders have a sizable negative impact on trade flows. Given the vast number of individual goods potentially traded, this "border effect" could have two possible explanations: (1) less international than domestic trade in the goods that are actually traded between countries ("flow"), or (2)...
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the normal retirement age from sixty-six to seventy-three, or 4) means-test the benefits and reduce them one-to-one with …
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reforms: 1) a reduction in benefits and payroll taxes; 2) an increase in the earliest retirement age, to sixty-four from sixty …-two; and 3) an increase in the normal retirement age, to sixty-eight from sixty-six. We find that a 50 percent cut in the scope … normal retirement age also raises saving and the labor supply, but the effects are smaller. Postponing the earliest …
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Remarks at the National Association for Business Economics Annual Meeting, New York City.
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not grow with the rate of matching. When pension plan assets are withdrawn in lump-sum distributions before retirement … 401(k) plans to save for retirement. …
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The growth of defined contribution plans has sparked debate concerning their effectiveness as a vehicle for retirement … whether DC plans have expanded overall pension coverage and whether their effects on retirement saving are the same across …
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