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Policy Experimentation, Political Competition, and Heterogeneous Beliefs

Millner, Antony; Ollivier, Hélène; Simon, Leo - CESifo - 2014

different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …-serving behavior by political parties, but rather stems from their differing beliefs about the consequences of their actions. …

Persistent link: https://www.econbiz.de/10010781549

How beliefs about the impact of immigration shape policy preferences: Evidence from Europe

Héricourt, Jérôme; Spielvogel, Gilles - Université Paris-Dauphine (Paris IX) - 2012

This paper studies the joint determination of beliefs about the economic impact of immigration and immigration policy … results stress the important role of the endogenous determination of beliefs, which appear as a major determinant of policy … preferences. Besides, media exposure appears as a key determinant of beliefs: individuals spending more time to get informed on …

Persistent link: https://www.econbiz.de/10010708625

Correlation Neglect in Belief Formation

Enke, Benjamin; Zimmermann, Florian - CESifo - 2013

and treat correlated information as independent. In consequence, people’s beliefs are excessively sensitive to well …-connected information sources, implying a pattern of “overshooting” beliefs. Additionally, in an experimental asset market, correlation …

Persistent link: https://www.econbiz.de/10010718532

The Standard Deviation of Life-Length, Retirement Incentives, and Optimal Pension Design

Aronsson, Thomas - 2010

In this paper, we consider how the retirement age as well as a tax financed pension system ought to respond to a change in the standard deviation of the length of life. In a first best framework, where a benevolent government exercises perfect control over the individuals' labor supply and...

Persistent link: https://www.econbiz.de/10013137106

Risk Sharing in Defined-Contribution Funded Pension Systems

Beetsma, Roel M. W. J. - 2011

This paper explores the introduction of collective risk-sharing elements in defined contribution pension contracts. We consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate welfare, as measured by equivalent variations. While...

Persistent link: https://www.econbiz.de/10013118167

Bringing French Public Debt Down : The Options for Fiscal Consolidation

Égert, Balázs - 2012

France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...

Persistent link: https://www.econbiz.de/10013100902

On the Policy Implications of Changing Longevity

Pestieau, Pierre - 2012

Our societies are witnessing a steady increase in longevity. This demographic evolution is accompanied by some convergence across countries, whereas substantial longevity inequalities persist within nations. The goal of this paper is to survey some crucial implications of changing longevity on...

Persistent link: https://www.econbiz.de/10013100908

The Timing of Retirement - New Evidence from Swiss Female Workers

Broadway, Barbara - 2012

We investigate the responsiveness of individual retirement decisions to changes in financial incentives. A reform increased women's normal retirement age (NRA) in two steps from age 62 to age 63 first and then to age 64. At the same time retirement at the previous NRA became possible at a...

Persistent link: https://www.econbiz.de/10013106543

The Impact of Changes in Second Pension Pillars on Public Finances in Central and Eastern Europe

Égert, Balázs - 2012

This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries on the deficit and implicit debt of their full pension systems. The paper seeks to answer the following questions: what is the impact on the sustainability of Poland's...

Persistent link: https://www.econbiz.de/10013107061

Is Recipiency of Disability Pension Hereditary?

Bratberg, Espen - 2012

This paper addresses whether children's exposure to parents receiving disability benefits induces a higher probability of receiving such benefits themselves. Most OECD countries experience an increasing proportion of the working-age population receiving permanent disability benefits. Using data...

Persistent link: https://www.econbiz.de/10013107063

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