Showing 1 - 10 of 1,106
argue that the offsetting effect of social security contributions on household retirement saving depends on how closely the social security programme imitates a private retirement saving plan (i.e. the ‘actuarial’ component of the social security programme) the closer the design of the...
Persistent link: https://www.econbiz.de/10003121065
savings accounts. We analyze the behavioral and welfare effects of compulsory savings accounts in an intertemporal model with …
Persistent link: https://www.econbiz.de/10011509477
myopia may justify public pensions but never alongside positive private savings. With sufficient myopia, co-existence of …
Persistent link: https://www.econbiz.de/10003751200
This paper analyzes the sustainability of intergenerational transfers in politico-economic equilibrium. Embedding electoral competition for the votes of old and young households in the standard Diamond (1965) OLG model, we find that intergenerational transfers naturally arise in a Markov perfect...
Persistent link: https://www.econbiz.de/10003112478
Estimating saving and fertility simultaneously by the VAR method, we find that social security cover has a positive effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was tested, social security is thus good for growth. A...
Persistent link: https://www.econbiz.de/10009780203
What determines the structure of labour market institutions? This paper argues that common explanations based on rent sharing are incomplete; unions, job protection, and egalitarian pay structures may have as much to do with social insurance of otherwise uninsurable risks as with rent sharing and...
Persistent link: https://www.econbiz.de/10009786721
We find evidence in the OECD cross-country data to support the Knightian view that non-diversifiable economic risks shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and labor risk is found to be statistically significant and...
Persistent link: https://www.econbiz.de/10009781637
, capital controls, and other government distortions of international transactions, may reduce private savings rates. A two … that there is a significant and robust relationship between economic liberalization and lower rates of savings. One … implication is that at least part of the decline in savings rates in some countries over the past two decades may be explained by …
Persistent link: https://www.econbiz.de/10011397942
This paper considers the role of flexicurity when jobs must be reallocated from a declining, traditional sector to a skill intensive expanding sector. Workers initially decide whether to acquire qualifications for skill-intensive tasks or to accept a less demanding traditional job. Unemployment...
Persistent link: https://www.econbiz.de/10010509657
The specificities of the workforce with a migrant background are often neglected in studies of retirement. Similarly, many studies of migration's impact on pensions often focus on aggregate outcomes - system sustainability or distributive characteristics. The present paper provides a fresh look...
Persistent link: https://www.econbiz.de/10009682342