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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/10003928767

Panel cointegration tests on the fiscal sustainability of German Laender

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014

This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying "gsecond generation" panel cointegration...

Persistent link: https://www.econbiz.de/10010388585

Fiscal adjustment and the costs of public debt service : evidence from OECD countries

Schaltegger, Christoph A.; Weder, Martin - 2010

We use a panel of 21 OECD countries from 1970 to 2009 to investigate the effects of different fiscal adjustment strategies on long-term interest rates - a key fiscal indicator reflecting the costs of government debt service. A government confronted with high deficits and rising debt will sooner...

Persistent link: https://www.econbiz.de/10008807633

Budgetary constrained governments : drivers of time varying fiscal sustainability in OECD countries

Afonso, António; Coelho, José Carlos - 2024

interest rate and the real GDP growth rate (r-g) plays a crucial role in fiscal sustainability, as well as the existence of …

Persistent link: https://www.econbiz.de/10014543858

Immigration, growth and unemployment : panel VAR evidence from OECD countries

Boubtane, Ekrame; Coulibaly, Dramane; Rault, Christophe - 2013

This paper examines empirically the interaction between immigration and host country economic conditions. We employ panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows to addresses the endogeneity problem by allowing the...

Persistent link: https://www.econbiz.de/10009766677

Immigration and economic growth in the OECD countries 1986 - 2006

Boubtane, Ekrame; Dumont, Jean-Christophe; Rault, Christophe - 2015

This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …. However, the growth impact of immigration is small even in countries that have highly selective migration policies. …

Persistent link: https://www.econbiz.de/10010533072

Explaining the decline in the US labor share : taxation and automation

Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2022

change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … shares and in automation capital. Second, we analyse and calibrate a neoclassical growth model extended to include factor …

Persistent link: https://www.econbiz.de/10013206154

Minimum wage and collective bargaining reforms : a narrative database for advanced economies

Afonso, António; Jalles, João Tovar; Venter, Zoe - 2022

This paper presents and describes a new database of major minimum wage and collective bargaining reforms covering 26 advanced economies over the period 1970-2020. The main advantage of this dataset is the precise identification of the nature and date of major reforms, which is valuable in many...

Persistent link: https://www.econbiz.de/10013176915

The changing structure of immigration to the OECD : what welfare effects on member countries?

Burzynski, Michal; Docquier, Frédéric; Rapoport, Hillel - 2018

We investigate the welfare implications of two pre-crisis immigration waves (1991–2000 and 2001–2010) and of the post-crisis wave (2011–2015) for OECD native citizens. To do so, we develop a general equilibrium model that accounts for the main channels of transmission of immigration shocks...

Persistent link: https://www.econbiz.de/10011822879

Inflation and the income share of the rich : evidence for 12 OECD countries

El Herradi, Mehdi; Haan, Jakob de; Leroy, Aurélien - 2020

This paper examines the distributional implications of inflation on top income shares in 12 advanced economies using data over the period 1920-2016. We use Local Projections to analyze how top income shares respond to an inflation shock, and panel regressions in which all variables are defined...

Persistent link: https://www.econbiz.de/10012197609