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The Impact of Product and Labour Market Reform on Growth : Evidence for OECD Countries Based on Local Projections

de Haan, Jakob - 2020

This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...

Persistent link: https://www.econbiz.de/10012829322

Occupations Shape Retirement Across Countries

Sauré, Philip U.; Seibold, Arthur; Smorodenkova, Elizaveta - 2023

We study how occupations shape individual and aggregate retirement behavior. First, we document large differences in individual retirement ages across occupations in U.S. data. We then show that retirement behavior among European workers is strongly correlated with U.S. occupational retirement...

Persistent link: https://www.econbiz.de/10014358043

Ageing and productivity growth: are there macro-level cohort effects of human capital?

Werding, Martin - 2008

Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is whether there is any systematic link between demographics and the productivity of those who will...

Persistent link: https://www.econbiz.de/10010264296

Aging and Health Care Expenditures : A Non-Parametric Approach

Lorenz, Normann - 2020

One of the most important controversies in health economics concerns the question whether the imminent aging of the … expenditures of the high age classes and thus overstates the increase of future HCE due to aging. Secondly, we show that the non … find that population aging will in fact contribute to rising HCE in the coming decades. We also find that the impact of …

Persistent link: https://www.econbiz.de/10012836935

Unemployment in an interdependent world

Felbermayr, Gabriel J.; Larch, Mario; Lechthaler, Wolfgang - 2009

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …

Persistent link: https://www.econbiz.de/10010266008

How do electoral systems affect fiscal policy? Evidence from state and local governments, 1890 to 2005

Funk, Patricia; Gathmann, Christina - 2010

Using a new data set on Swiss state and local governments from 1890 to today, we analyze how the adoption of proportional representation affects fiscal policy. We show that proportional systems shift spending toward broad goods (e.g. education and welfare benefits) but decrease spending on...

Persistent link: https://www.econbiz.de/10010266087

Matching in the Dark? Inequalities in Student to Degree Match

Campbell, Stuart; Murphy, Richard; Macmillan, Lindsey; … - 2021

This paper examines inequalities in the match between student and degree quality using linked administrative data from schools, universities and tax authorities. We analyse two measures of match at the university-subject level: undergraduate enrollment qualifications, and graduate earnings. We...

Persistent link: https://www.econbiz.de/10013214343

Ageing and the welfare state: Securing sustainability

Meier, Volker; Werding, Martin - 2010

Over the next four decades, increasing old-age dependency ratios exert an enormous upward pressure on welfare spending in most developed countries. As this is mainly due to existing unfunded public pension schemes, many countries have embarked on far-reaching reforms in this area, strengthening...

Persistent link: https://www.econbiz.de/10010266068

Optimal response to a demographic shock

Conesa, Juan Carlos; Garriga, Carlos - 2005

We examine the optimal policy response to an exogenously given demographic shock. Such a shock affects negatively the financing of retirement pensions, and we use optimal fiscal policy in order to determine the optimal strategy of the social security administration. Our approach provides...

Persistent link: https://www.econbiz.de/10010271922

Is Norway's bird-in-hand stabilization fund prudent enough? : fiscal reactions to hydrocarbon windfalls and graying populations

Harding, Torfinn; van der Ploeg, Frederick - 2009

We estimate fiscal reaction functions for non-hydrocarbon tax and public spending shares of national income and for debt management strategies adopted by Norway and compare these with rules that would prevail under the permanent income hypothesis and bird-in-hand rule. We conclude that the...

Persistent link: https://www.econbiz.de/10010276231

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