Showing 1 - 10 of 19
The paper surveys the major economic, financial, and administrative issues that confront social security systems in Latin America. The larger systems have contributed substantially to public sector financial disequilibria. Expenditures of the younger systems with more limited coverage could...
Persistent link: https://www.econbiz.de/10014396279
In designing policy measures, including possible social safety nets, targeted to the poor, it is important to fully understand the efficiency implications of these measures. There is abundant macroeconomic literature on their negative effects on the poor’s work effort. The literature, however,...
Persistent link: https://www.econbiz.de/10014396380
This paper considers the implications of the prospective aging of the U.S. population for the social security system and concludes that the large and growing cashflow surpluses of the social security trust funds should be saved to help insulate living stands against this change. A number of...
Persistent link: https://www.econbiz.de/10014396207
It is shown that the inefficiencies created by the “soft” budget constraint, enjoyed by enterprises in Eastern Europe and elsewhere, will continue so long as governments are unable credibly to threaten not to bail out loss-makers. Commitment to a “hard” budget constraint can best be...
Persistent link: https://www.econbiz.de/10014396100
This paper examines developments in Albania’s income distribution and poverty during the transition to a market … consumption data, however, a large decline in urban real incomes is implausible. Poverty in both the urban and the rural …
Persistent link: https://www.econbiz.de/10014397176
. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity … incidence of poverty and income distribution, and discusses policy options that can be considered by governments in the … with an increase in poverty and, in some cases, income inequality. The provison of targeted safety nets and the protection …
Persistent link: https://www.econbiz.de/10014401806
Persistent link: https://www.econbiz.de/10009424793
Persistent link: https://www.econbiz.de/10009423201
This paper develops a small analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring a nominal devaluation. The effects of postponing adjustment depend on the source of the original...
Persistent link: https://www.econbiz.de/10014396111
There has been a growing awareness of the income distribution dimension of macroeconomic policies. This paper presents a framework for studying this issue empirically, and considers the case of the Philippines using data available from integrated surveys of households. After developing and...
Persistent link: https://www.econbiz.de/10014396488