Showing 1 - 10 of 1,767
optimal redistribution and social protection policies are in place, globalization necessarily improves social welfare …
Persistent link: https://www.econbiz.de/10013028782
Building on the existing literature that examines the extent of redistribution in the Social Security system as a whole … inequality. Second, we find that this result is driven largely by the lack of redistribution across the middle and upper part of … distribution. Third, in cases where redistribution does occur, we find it is not efficiently targeted: many high income households …
Persistent link: https://www.econbiz.de/10012763992
has both a redistributive role and an insurance role. A substantial literature on optimal redistribution in the absence of … characterize optimal marginal tax rates and interpret them in terms of redistribution, insurance and incentive effects. The case of …
Persistent link: https://www.econbiz.de/10013117794
In this fascinating new field, this paper offers some reflections on portability of social benefits, and tries to identify promising research topics. These reflections are organized in three sections. The first analyzes the channels that underpin the positive value of portability of social...
Persistent link: https://www.econbiz.de/10013064652
The present paper quantifies the importance of family insurance for the analysis of social security. We therefore augment the standard overlapping generations model with idiosyncratic labor productivity and longevity risk in that we account for gender and marital status. We simulate the...
Persistent link: https://www.econbiz.de/10013000821
We consider a small open economy in which the level of public education funding is determined by popular vote. We show that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls short of the interest rate. The reason is that the...
Persistent link: https://www.econbiz.de/10012768260
We model an overlapping-generations economy with two skill levels: skilled and unskilled. The welfare-state is modeled simply by a proportional tax on labor income to finance a demogrant in a balanced-budget manner. Therefore, some (the unskilled workers and old retirees) are net beneficiaries...
Persistent link: https://www.econbiz.de/10013146334
challenges the two basic functions of the welfare state, redistribution and social insurance when private unemployment insurance … improving by using a redistributive linear income tax if redistribution is initially not too large. We finally derive the … welfare optimal redistribution and unemployment insurance policies …
Persistent link: https://www.econbiz.de/10013316451
Demographic trends in most developed economies are characterized by rising longevity and decreasing birthrates. These trends endanger the sustainability of the current public pension systems. Therefore social security reform proposals are on the agenda in many countries. This paper demonstrates...
Persistent link: https://www.econbiz.de/10013316496
Increasing longevity causes an upward trend in the dependency ratio in many countries. This raises concerns about the financial sustainability of social security schemes, and reform initiatives and proposals abound. It is shown that a fundamental policy choice inevitably arises since a given...
Persistent link: https://www.econbiz.de/10013317447