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Unemployment and Consumption: Are Job Losses Less Painful near the Mediterranean?
Bentolila, Samuel; Ichino, Andrea - 2000
In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with … Mediterranean, provide a fundamental source of insurance against unemployment in southern Europe. …
Persistent link: https://www.econbiz.de/10009781654
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Sharing demographic risk : who is afraid of the baby bust?
Ludwig, Alexander (contributor); Reiter, Michael (contributor) - 2008
We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...
Persistent link: https://www.econbiz.de/10003771791
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Ageing municipalities, gerontocracy and fiscal competition
Montén, Anna (contributor); Thum, Marcel (contributor) - 2008
We develop a simple model of fiscal competition among ageing municipalities. When ageing advances, gerontocracies and social planners gradually substitute publicly provided goods aimed at the mobile young population for publicly provided goods for the elderly. This substitution process does not...
Persistent link: https://www.econbiz.de/10003790977
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Retirement, pensions, and ageing
Heijdra, Ben J. (contributor); Romp, Ward E. (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497519
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The role of immigration in sustaining the social security system : a political economy approach
Sand, Edith (contributor); Razin, Asaf (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497529
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Probabilistic aging
Grafenhofer, Dominik; Jaag, Christian; Keuschnigg, Christian - 2006
The paper develops an overlapping generations model with probabilistic aging of households. We define age as a set of personal attributes such as earnings potential, health and tastes that are characteristic of a person's position in the life-cycle. In assuming a limited number of different...
Persistent link: https://www.econbiz.de/10003301179
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Privatizing social security under balanced-budget constraints : a political-economy approach
Razin, Asaf; Tsadḳah, Efrayim - 2003
The aging of the population shakes the public finance of pay-as-you-go social security systems. We develop a political-economy framework in which this demographic change leads to the downsizing of the social security system, and, as a consequence, to the emergence of supplemental individual...
Persistent link: https://www.econbiz.de/10011509470
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Optimal pensions in aging economies
Heer, Burkhard - 2015
Ýmrohoroðlu, Ýmrohoroðlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83 …
Persistent link: https://www.econbiz.de/10010477151
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Entrepreneurial innovation and sustained long-run growth without weak or strong scale effects
Grossmann, Volker (contributor) - 2008
Persistent link: https://www.econbiz.de/10003662975
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Population, population density, and technological change
Klasen, Stephan; Nestmann, Thorsten - 2004
In a model on population and endogenous technological change, Kremer combines a short-run Malthusian scenario where income determines the population that can be sustained, with the Boserupian insight that greater population spurs technological change and can therefore lift a country out of its...
Persistent link: https://www.econbiz.de/10011449334