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Pension Reform, Retirement and Life-Cycle Unemployment

Jaag, Christian; Keuschnigg, Christian; Keuschnigg, Mirela - 2021

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime age workers. This paper investigates the impact of four often proposed policy measures for sustainable pensions: strengthening the tax benefit link, moving from wage to price...

Persistent link: https://www.econbiz.de/10013316657

Effects of unilateral climate policy on terms of trade, capital accumulation, and welfare in a world economy

Farmer, Karl; Friedl, Birgit; Rainer, Andreas - 2008

We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...

Persistent link: https://www.econbiz.de/10010264419

Education, Lack of Complementary Investment and Underemployment in an Open Economy

Marjit, Sugata; Ahuja, Rashmi; Pandey, Abhilasha - 2021

In many developing economies rate of unemployment is increasing with skill accumulation and thereby leading to … also how skill formation or education affects unemployment among the remaining uneducated. We have developed a general … equilibrium model of a small open developing economy incorporating skill formation, unemployment of unskilled labour in the formal …

Persistent link: https://www.econbiz.de/10013213779

Indebted Demand

Mian, Atif R. - 2020

We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower … aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation …

Persistent link: https://www.econbiz.de/10012836950

Macroeconomic effects of social security privatization in a small unionized economy

Adam, Antonis - 2004

-generations framework we show that in an environment characterized by unemployment, a reform towards a private pension system in the steady …

Persistent link: https://www.econbiz.de/10010261116

Internationally coordinated emission permit policies : an option for withdrawers from the Kyoto protocol?

Bednar-Friedl, Birgit; Farmer, Karl - 2009

This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in a two-country overlapping generations model with producer carbon emissions. We show that, for a net foreign debtor country, the domestic welfare costs of a unilateral domestic...

Persistent link: https://www.econbiz.de/10010266024

Optimal income taxation : outsourcing and policy cooperation in a dynamic economy

Aronsson, Thomas; Koskela, Erkki - 2009

This paper concerns optimal income taxation in a two-country OLG economy, where each country is characterized by asymmetric information between the government and the private sector, and where one of the countries outsources part of its production to the other. In the country whose firms...

Persistent link: https://www.econbiz.de/10010274380

Dynastic Human Capital, Inequality and Intergenerational Mobility

Adermon, Adrian - 2019

We study the importance of the extended family – the dynasty – for the persistence in inequality across generations. We use data including the entire Swedish population, linking four generations. This data structure enables us to identify parents’ siblings and cousins, their spouses, and...

Persistent link: https://www.econbiz.de/10012871027

Fair Pension Policies with Occupation-Specific Aging

Grossmann, Volker; Schünemann, Johannes; Strulik, Holger - 2021

We discuss public pension systems in a multi-period overlapping generations model with gerontologically founded human aging and a special focus on occupation-specific morbidity and mortality. We examine how distinct replacement rates for white-collar and blue-collar workers and early retirement...

Persistent link: https://www.econbiz.de/10013219069

Intragenerational Inequality Aversion and Intergenerational Equity

Cairns, Robert D.; Del Campo, Stellio; Martinet, Vincent - 2021

low as possible to maximize investment and hasten convergence, resulting in important intragenerational inequalities. When …

Persistent link: https://www.econbiz.de/10013239334

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