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The goal of this research is to explore whether actual lottery revenues are sensitive to scarcity, as measured by intra-monthly variation in financial resources. Exogenous paydays of social security benefits are employed to generate the intra-monthly variation in financial resources. Using two...
Persistent link: https://www.econbiz.de/10012064536
becomes less progressive. Indeed, when we use an "endowment" defined by potential labor earnings at the household level …
Persistent link: https://www.econbiz.de/10003824985
Employment contributes to reduce the risk of poverty. Through a randomized controlled trial, we evaluate the impact of … a conditional cash transfer program (CCT) to low-income families with dependent children on household members' labor …
Persistent link: https://www.econbiz.de/10012210914
In recent decades the Indian subcontinent has displayed remarkable invariance in the incidence of working poverty … despite strong economic performance. It is widely held that education can rescue households from various types of poverty … the first time, to our best understanding, into the factors that shape the decision of a poor household to care about and …
Persistent link: https://www.econbiz.de/10009793157
financial inclusion in Pune, a large city of India based on a household survey at an identified slum area. Empirical findings of …
Persistent link: https://www.econbiz.de/10011541050
This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping generation model with potentially endogenous retirement decisions, the paper shows that the type of aging, i.e. declining...
Persistent link: https://www.econbiz.de/10011392492
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes … pension incomes ought to be taxed specifically. To do this, one has to distinguish between public and private pensions. The … design of public pensions cannot be separated from the one of taxation. Regarding private pensions, the key issue is whether …
Persistent link: https://www.econbiz.de/10011482705
pensions. Using a two-period overlapping generation model with potentially endogenous retirement decisions, it shows that both …
Persistent link: https://www.econbiz.de/10011499785
We consider a two-period overlapping generations model in which individual voters differ by age and by productivity. In such a setting, a redistributive Pay-As-You-Go system is politically sustainable, even when the interest rate is larger than the rate of population growth. The workers with...
Persistent link: https://www.econbiz.de/10009781530
We study the impact of a fully-funded social security system in an economy with heterogeneous consumers. The unobservability of individual health conditions leads to adverse selection in the private annuity market. Introducing social security - which is immune to adverse selection - affects...
Persistent link: https://www.econbiz.de/10011761551