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contribution (NDC) scheme. As the new contribution rate is fixed and, perhaps, reduced, paying for the accrued to date liabilities … financing form is available. The paper illustrates the proposed measurement approach with broad estimates under a hypothetical … NDC reform in China. …
Persistent link: https://www.econbiz.de/10008694992
-financial defined contribution (NDC), financial defined benefit (FDB) and non-financial defined benefit (NDB). A main contribution of … the paper is the development of the concept of NDC, itself a new construction in pension economics. An important … conclusion is that NDC is neutral in terms of externalities. It manages the risks and eliminates the negative externalities …
Persistent link: https://www.econbiz.de/10005703380
measurement of population aging – globally and for East Asian countries; outlines critical policy paths to address population …
Persistent link: https://www.econbiz.de/10011183992
Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an uncertain “new normal” will make future pension systems...
Persistent link: https://www.econbiz.de/10011183994
This paper documents that rotation group bias – the tendency for labor force statistics to vary systematically by month in sample in labor force surveys – in the Current Population Survey (CPS) has worsened considerably over time. The estimated unemployment rate for earlier rotation groups...
Persistent link: https://www.econbiz.de/10010959585
We put together the different conceptual issues involved in measuring inequality of opportunity, discuss how these concepts have been translated into computable measures, and point out the problems and choices researchers face when implementing these measures. Our analysis identifies and...
Persistent link: https://www.econbiz.de/10010555240
We demonstrate that empirical evidence of employer learning is sensitive to how one defines the career start date and, in turn, measures cumulative work experience. Arcidiacono, Bayer, and Hizmo (2010) find evidence of employer learning for high school graduates but not for college graduates,...
Persistent link: https://www.econbiz.de/10011078415
We study the effect of recognition on performance with a field experiment involving first-year undergraduate students …
Persistent link: https://www.econbiz.de/10010884116
We compare inequality aversion in individuals and teams by means of both within- and between-subject experimental designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality aversion than individual initial proposals in team...
Persistent link: https://www.econbiz.de/10010884177
While previous research has shown that social preferences develop in childhood, we study whether this development is accompanied by reduced use of deception when lies would harm others, and increased use of deception to benefit others. In a sample of children aged between 7 and 14, we find...
Persistent link: https://www.econbiz.de/10010884178