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Eine Herausforderung für die G20: Global vereinbarte Schuldenbremsen und transnationale fiskalpolitische Aufsichtsgremien

Dolls, Mathias; Peichl, Andreas; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2011

Die Schuldenstände sind in vielen Industrieländern auf Rekordhöhen angestiegen. Dies erfordert disziplinierte Konsolidierungsanstrengungen, die im derzeitigen wirtschaftlichen Umfeld allerdings zu einem vermeintlich ungünstigen Zeitpunkt kommen. Die G20-Länder sind aufgefordert, die...

Persistent link: https://www.econbiz.de/10009360176

A Challenge for the G20: Globally Stipulated Debt Brakes and Transnational Independent Fiscal Supervisory Councils

Dolls, Mathias; Peichl, Andreas; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2011

Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined … order to avoid a further spreading of the sovereign debt crisis. Against this background, we call for a global debt brake … following the Swiss or German example which should be agreed upon in Cannes in early November 2011. The agreement on the debt …

Persistent link: https://www.econbiz.de/10009360177

A Challenge for the G20: Globally Stipulated Debt Brakes and Transnational Independent Fiscal Supervisory Councils

Dolls, Mathias; Peichl, Andreas; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2011

Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined … this background, we call for a global debt brake following the German example and discuss the political progress achieved … at the most recent Euro and G20 summits. The agreement on the debt brake should be binding and hence be fixed in national …

Persistent link: https://www.econbiz.de/10009371866

Fiscal Policy and Educational Attainment in the United States - A Generational Accounting Perspective

Chojnicki, Xavier; Docquier, Frédéric - Institute for the Study of Labor (IZA) - 2004

In this paper, we investigate the consequences of the rise in educational attainment on the US generational accounts. We build on the 1995 accounts of Gokhale et al. (1999) and disaggregate them per schooling level. We show that low skill newborns are characterized by a negative generational...

Persistent link: https://www.econbiz.de/10005763837

The Pension Transfer Program

Orszag, Mike; Snower, Dennis - Institute for the Study of Labor (IZA) - 2002

The paper examines the following pension reform strategy that aims to defuse the pension time-bomb without giving rise to intergenerational conflict. Let people with rights to public pensions have the option of using a portion of their potential pensions to provide employment vouchers for...

Persistent link: https://www.econbiz.de/10005566623

Pension Taxes versus Early Retirement Rights

Orszag, Mike; Snower, Dennis - Institute for the Study of Labor (IZA) - 2002

This paper deals with two policy approaches to address the problem of the "pensions time bomb" by influencing private-sector pension provision. In assessing the role of private-sector pensions, it is common to concentrate exclusively on the issue of whether early retirement penalties or late...

Persistent link: https://www.econbiz.de/10005233847

Partisan Impacts on the Economy: Evidence from Prediction Markets and Close Elections

Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - Institute for the Study of Labor (IZA) - 2006

Political economists interested in discerning the effects of election outcomes on the economy have been hampered by the problem that economic outcomes also influence elections. We sidestep these problems by analyzing movements in economic indicators caused by clearly exogenous changes in...

Persistent link: https://www.econbiz.de/10005703211

Does Openness to International Financial Flows Contribute to Productivity Growth?

Kose, M. Ayhan; Prasad, Eswar; Terrones, Marco E. - Institute for the Study of Labor (IZA) - 2008

boost TFP growth while external debt is actually negatively correlated with TFP growth. The negative relationship between … external debt liabilities and TFP growth is attenuated in economies with higher levels of financial development and better …

Persistent link: https://www.econbiz.de/10005822435

Household Finances and Social Interaction: Bayesian Analysis of Household Panel Data

Brown, Sarah; Ghosh, Pulak; Taylor, Karl - Institute for the Study of Labor (IZA) - 2014

types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … amounts of both debt (unsecured and secured) and assets (property and non-housing), even after conditioning on the probability …

Persistent link: https://www.econbiz.de/10010959752

Gambling and the Use of Credit: An Individual and Household Level Analysis

Brown, Sarah; Dickerson, Andy; McHardy, Jolian; Taylor, Karl - Institute for the Study of Labor (IZA) - 2010

We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the …

Persistent link: https://www.econbiz.de/10008562538