Showing 41 - 50 of 308
We study the effect of a CZK 80,000 (36%) increase in parental allowance, a universal basic income-type benefit, on the … labor supply of parents in the Czech Republic. Drawing a parental allowance does not preclude labor market activity, which … allows us to study the income effect. After the reform, mothers substantially prolonged the average period they drew an …
Persistent link: https://www.econbiz.de/10014358097
policies did not considerably affect parents’ life satisfaction, partnership satisfaction or mental health, they have been …
Persistent link: https://www.econbiz.de/10013227607
In this paper, we propose a novel index for measuring intra-generational redistribution in pay-as-you-go pension schemes. Our index solely requires information on contributions and pension benefits of retirees, enabling us to measure intra-generational redistribution isolated from possible...
Persistent link: https://www.econbiz.de/10012837478
nature affect mobility and the transmission of income inequality across generations, thus complementing the vast empirical …
Persistent link: https://www.econbiz.de/10012841147
We study environmental policy in an economy-ecology model featuring multiple deterministic stable steady-state ecological equilibria. The economy-ecology does not settle in either of the deterministic steady states as the environmental system is hit by random shocks. Individual live for two...
Persistent link: https://www.econbiz.de/10012892273
We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime … expectancy magnifies the negative effect on the lifetime utility of those who suffer low longevity. Furthermore, when the income … income of those with shorter life expectancy increases, they end up paying more into the pension scheme, which benefits those …
Persistent link: https://www.econbiz.de/10012866873
We study the interplay between intragenerational and intergenerational equity in an economy with two countries producing and consuming from national capital stocks. We characterize the sustainable development path that a social planner would implement to achieve intertemporal egalitarianism. If...
Persistent link: https://www.econbiz.de/10013239334
Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for people to retire prematurely. To this end,...
Persistent link: https://www.econbiz.de/10013314670
In the context of a two-tier pension system, with a pay-as-you-go first tier and a fully funded second tier, we demonstrate that a system with a defined wage-indexed second tier performs strictly better than one with a defined contribution or defined real benefit second tier. The former...
Persistent link: https://www.econbiz.de/10013316618
Previous literature concludes that replacing wage taxation by taxes on a fixed factor or its rents benefits future generations. However, the effects of such steady-state gains on the transition generations have been left open. In this paper, we show that taxation of rents may also increase...
Persistent link: https://www.econbiz.de/10013316664