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evidence of the health effects of retirement.In contrast to prior research, we analyze both the impact of being retired and the … effect of spending longer time in retirement. Using spouses’ characteristics as instruments, while taking precautions to … ensure validity, we find a robust, negative impact of being retired and spending longer time in retirement on selfassessed …
Persistent link: https://www.econbiz.de/10010818315
This paper presents a unified analytical framework for the analysis of social security reform. It discusses reform along two dimensions: Pay-As-You-Go versus fully funded on the one hand, and actuarial versus non-actuarial on the other. Making the system more actuarial entails a trade-off...
Persistent link: https://www.econbiz.de/10005645329
This paper presents a unified analytical framework for the analysis of social security reform. It discusses reform along two dimensions: Pay-As-You-Go versus fully funded on the one hand, and actuarial versus non-actuarial on the other. Making the system more actuarial entails a trade-off...
Persistent link: https://www.econbiz.de/10005670120
No abstract.
Persistent link: https://www.econbiz.de/10010611600
This paper carries out a critical reappraisal of the two contending theories purporting to explain long-run government spending: Wagner’s Law and different variants of the ratchet effect. We analyze data spanning from the early 19th century until the present day in Sweden and the United...
Persistent link: https://www.econbiz.de/10008476276
We characterize pension systems along three dimensions: 1) actuarial vs. non-actuarial, 2) funded vs. pay-as-you-go, 3) defined-contribution vs. defined-benefit. Increasing the degree of actuarial fairness, by strengthening the linkage between contributions and benefits, reduces labor market...
Persistent link: https://www.econbiz.de/10005190624
The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs. We argue that the heart of...
Persistent link: https://www.econbiz.de/10005419509
The paper discusses the consequences for the functioning of different pension systems of various types of socioeconomic changes, mainly demographic developments, variations in productivity growth and changes in real interest rates. Two of the pension systems have exogenous and four have...
Persistent link: https://www.econbiz.de/10005639288
In an analysis of the risk-sharing properties of different types of pension systems, we show that only a fixed-fee pay-as-you-go (PAYG) pension systems can provide intergenerational risk sharing for living individuals. Under some circumstances, however, other PAYG pension systems can enhance the...
Persistent link: https://www.econbiz.de/10005639296
The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the Disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs.
Persistent link: https://www.econbiz.de/10005639330