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Schoonbroodt, Alice; Tertilt, Michèle - C.E.P.R. Discussion Papers - 2010

failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention. The …) model with fertility choice and altruism, and model ownership by introducing a minimum constraint on transfers from parents … transfer floor is binding, fertility choices are inefficient. We show how this inefficiency relates to dynamic inefficiency in …

Persistent link: https://www.econbiz.de/10008468613

The Pay-As You-Go Pension System as a Fertility Insurance and Enforcement Device

Sinn, Hans-Werner - C.E.P.R. Discussion Papers - 1998

It is argued that a PAYGO system may have useful allocative functions in that it serves as an insurance against not having children and as an enforcement device for 'rotten kids' who are unwilling to pay their parents a pension. It is true that the system has a moral hazard effect in terms of...

Persistent link: https://www.econbiz.de/10005498192

Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, and Social Security

Ljungqvist, Lars; Sargent, Thomas J - C.E.P.R. Discussion Papers - 2010

The high labor supply elasticity in an indivisible-labor model with employment lotteries emerges also without lotteries when individuals must instead choose career lengths. The more elastic are earnings to accumulated working time, the longer is a worker's career. Negative (positive)...

Persistent link: https://www.econbiz.de/10008468641

Rationalising the Interaction of Tax and social Security: Part II: Fundamental Reform Options.

Ingles, David - Research School of Economics, College of Business and … - 2000

This paper considers more major structural reforms which could address such problems in a systematic manner, and allow the implementation of a designed set of effective tax rates (ETRs) for social security clients and taxpayers.

Persistent link: https://www.econbiz.de/10004971319

Rationalising the Interaction ofTax and Social Security: PartI: Specific Problem Areas.

Ingles, David - Research School of Economics, College of Business and … - 2000

This paper considers options for addressing problems in the way the tax and social security systems interact.

Persistent link: https://www.econbiz.de/10004977252

Social Desirability of Earning Tests

Cremer, Helmuth; Lozachmeur, Jean-Marie; Pestieau, Pierre - C.E.P.R. Discussion Papers - 2006

In many countries pension systems involve some form of earnings test; i.e., an individual’s benefits are reduced if he has labour income. This paper examines whether or not such earning tests emerge when pension system and income tax are optimally designed. We use a simple model with...

Persistent link: https://www.econbiz.de/10005123783

Voting Over Type and Generosity of a Pension System When Some Individuals are Myopic

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2006

This paper studies the determination through majority voting of a pension scheme when society consists of far-sighted and myopic individuals. All individuals have the same basic preferences but myopics tend to adopt a short term view (instant gratification) when dealing with retirement saving....

Persistent link: https://www.econbiz.de/10005123825

Endogenous Fertility Policy

Booth, Alison L; Sepulveda, Facundo - C.E.P.R. Discussion Papers - 2004

In this Paper, we study the role of subsidies to fertility in ensuring the political viability of unfunded social … older generations, and in turn choose current levels of fertility subsidies, and future levels of social security benefits … converge to a steady state lower than simple extrapolation of current trends would imply, and fertility will rebound with the …

Persistent link: https://www.econbiz.de/10005123867

Early Retirement

Conde-Ruiz, José Ignacio; Galasso, Vincenzo - C.E.P.R. Discussion Papers - 2000

Generous early retirement provisions account for a large proportion of the drop in the labour force participation of elderly workers. The aim of this paper is to provide a political-economic explanation of the wide spread adoption of early retirement. We suggest that the political support for...

Persistent link: https://www.econbiz.de/10005123916

Disability Testing and Retirement

Cremer, Helmuth; Lozachmeur, Jean-Marie; Pestieau, Pierre - C.E.P.R. Discussion Papers - 2006

This paper studies the design of retirement and disability policies. It illustrates the often observed exit from the labour force of healthy workers through disability insurance schemes. Two types of individuals, disabled and leisure-prone ones, have the same disutility for labour and cannot be...

Persistent link: https://www.econbiz.de/10005123923

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