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Forced saving, redistribution and nonlinear social security schemes
Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - 2008
selfʺ emerges when labor supply and savings decisions are made. The social welfare function is paternalistic: the rate of … show that the paternalistic solution does not necessarily imply forced savings for the myopics. This is because …
Persistent link: https://www.econbiz.de/10003720340
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Does demography determine democratic attitudes?
Kotschy, Rainer; Sunde, Uwe - 2022 - Original version: January 2022, this version: September 2022
This paper presents new evidence on how demography affects democratic attitudes in Western democracies. Using individual survey responses, the empirical analysis disentangles age from cohort patterns and other contemporaneous economic and political influences that shape democratic attitudes. The...
Persistent link: https://www.econbiz.de/10013366771
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Demography and provisions for retirement : the pension composition, a behavioral approach
Praag, Bernard M. S. van; Hop, J. Peter - 2020
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …
Persistent link: https://www.econbiz.de/10012154725
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Knowledge is power : a theory of information, income, and welfare spending
Lind, Jo Thori; Rohner, Dominic - 2011
No voters cast their votes based on perfect information, but better educated and richer voters are on average better informed than others. We develop a model where the voting mistakes resulting from low political knowledge reduce the weight of poor voters, and cause parties to choose political...
Persistent link: https://www.econbiz.de/10009314546
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Will social security and Medicare remain viable as the U.S. population is aging? : an update
Bohn, Henning - 2003
. But demographic change is also likely to raise savings, increase wages, and reduce interest rates, and up to a point, a …
Persistent link: https://www.econbiz.de/10011511045
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Diminishing health, rising health care costs and long-run growth in local government spending
Skidmore, Mark; Dyar, William - 2015
Real local government spending in the United States has increased by 240% between 1972 and 2012, faster than can be explained by population growth (a 48% increase), growth in median household income (a 32% increase), or changes in other economic, demographic, and institutional variables...
Persistent link: https://www.econbiz.de/10011405131
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The economic value of cultural diversity : Evidence from US Cities
Ottaviano, Gianmarco I. P.; Peri, Giovanni - 2004
We use data on wages and rents in different U.S. cities to assess the amenity effects on production and consumption of cultural diversity as measured by diversity of countries of birth of city residents. We show that US-born citizens living in metropolitan areas where the share of foreign-born...
Persistent link: https://www.econbiz.de/10011404281
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The savings-inflation puzzle
Heer, Burkhard (contributor); Süssmuth, Bernd (contributor) - 2006
We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …
Persistent link: https://www.econbiz.de/10003300954
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What is an adequate standard of living during retirement?
Binswanger, Johannes; Schunk, Daniel - 2009
Many economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be, despite the fact that it is crucial for the design...
Persistent link: https://www.econbiz.de/10003923525
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Re-examining the decline in the US saving rate : the impact of mortgage equity withdrawal
Caporale, Guglielmo Maria; Costantini, Mauro; Paradiso, … - 2012
In this paper we examine the role of mortgage equity withdrawal in explaining the decline of the US saving rate, since when house prices rise and mortgage rates are low, homeowners have an incentive to withdraw housing equity and this may affect the saving rate. We estimate a Vector Error...
Persistent link: https://www.econbiz.de/10009571747