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Generational Policy
Kotlikoff, Laurence J. - 2001
Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves redistributing resources across generations and allocating to particular generations the burden of paying the government's bills. This chapter of the second edition of The Handbook of Public Economics...
Persistent link: https://www.econbiz.de/10012470563
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Generational Accounts - A Meaningful Alternative to Deficit Accounting
Auerbach, Alan J. - 1991
This paper presents a set of generational accounts (GAS) that can be used to assess the fiscal burden current generations are placing on future generations. The GAS indicate the net present value amount that current and future generations are projected to pay to the government now and in the...
Persistent link: https://www.econbiz.de/10012475431
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"And Yet It Moves" : Intergenerational Mobility in Italy
Acciari, Paolo - 2019
We link tax returns across two generations to provide the first estimate of intergenerational mobility in Italy based … on administrative income data. Italy emerges as less immobile than previously depicted by studies using proxies for …. Provinces in Northern Italy, the richest area of the country, display levels three times as large as those in the South. This …
Persistent link: https://www.econbiz.de/10012479683
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Social Capital as Good Culture
Guiso, Luigi - 2007
To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (Putnam 1993), we model the intergenerational transmission of priors about the trustworthiness of others. We show that this transmission tends to be biased toward excessively...
Persistent link: https://www.econbiz.de/10012464934
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Regional Nonadjustment and Fiscal Policy : Lessons for EMU
Obstfeld, Maurice - 1999
pattern of the United States. In this paper we compare the US with Germany, Italy, the United Kingdom, and also with Canada …
Persistent link: https://www.econbiz.de/10012471641
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Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects
Alesina, Alberto - 1996
on three case studies: Denmark, Ireland and Italy …
Persistent link: https://www.econbiz.de/10012473108
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One Cohort at a Time : A New Perspective on the Declining Gender Pay Gap
Arellano-Bover, Jaime; Bianchi, Nicola; Lattanzio, Salvatore - National Bureau of Economic Research - 2024
younger workers, analyzing data from the United States, Italy, Canada, and the United Kingdom. We propose a model of the labor …
Persistent link: https://www.econbiz.de/10014576641
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Countries for Old Men : An Analysis of the Age Pay Gap
Bianchi, Nicola; Paradisi, Matteo - National Bureau of Economic Research - 2024
This study investigates the growing wage disparity between older and younger workers in high-income countries. We propose a conceptual framework of the labor market in which firms cannot change the contracts of older employees and cannot freely add higher-ranked positions to their organizations....
Persistent link: https://www.econbiz.de/10014528380
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Exorbitant Privilege Gained and Lost : Fiscal Implications
Chen, Zefeng; Jiang, Zhengyang; Lustig, Hanno; … - National Bureau of Economic Research - 2022
We study three centuries of U.K. fiscal history. Before WW-I, when the U.K. dominated global bond markets, the U.K.'s government debt was not always fully backed by its future surpluses, even after accounting for the seigniorage revenue from convenience yields. As predicted by theories of safe...
Persistent link: https://www.econbiz.de/10013210087
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State-Dependent Local Projections : Understanding Impulse Response Heterogeneity
Cloyne, James; Jordà, Òscar; Taylor, Alan M. - National Bureau of Economic Research - 2023
An impulse response is the dynamic average effect of an intervention across horizons. We use the well-known Kitagawa-Blinder-Oaxaca decomposition to explore a response's heterogeneity over time and over states of the economy. This can be implemented with a simple extension to the usual local...
Persistent link: https://www.econbiz.de/10014226168