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This paper provides some results from a model built in order to study the linked impacts of demography and economy on theFrench pension scheme. The demo-economic model which is used is a neo-cambridgian model with two types of agents in aclosed economy. Since it includes a very thin description...
Persistent link: https://www.econbiz.de/10011399575
Prefunding of pension commitments in OECD economies is increasingly seen as a central strategy to cope with the aging of their populations. This paper argues that investments in emerging markets can help at the margin but are unable to solve the demographic problem. While these investments bring...
Persistent link: https://www.econbiz.de/10009781581
This paper studies how the Intellectual Property Right (IPR) regime in destination countries influences the way multinationals structure the international organization of their production. In particular, we explore how multinationals divide tasks of different complexities across countries with...
Persistent link: https://www.econbiz.de/10010199759
growth, the Second Industrial Revolution (1870-1914) in France. In this period, technology became skill-intensive, leading to …
Persistent link: https://www.econbiz.de/10012039060
in France over the period from January 2015 to July 2016. Using firm-level data at monthly frequency, we document an … immediate and lasting decline in cross-border trade after a mass terrorist attack. According to our estimates, France’s trade in … particularly strong effects for partner countries with low border barriers to France, for firms with less frequent trade activities …
Persistent link: https://www.econbiz.de/10012533940
We study numerically the inter- and intra-generational welfare consequences of alternative pension fund policies in response to unexpected demographic, financial and macro-economic shocks. Our analysis is based on an applied many-generation OLG model describing a small-open economy with...
Persistent link: https://www.econbiz.de/10003883861
This paper examines whether policymakers, economists at the Israeli Finance Ministry, act in their personal pension decisions in accordance with the rational behaviour assumptions underlying the pension policies they advance. We find that while economists' decisions regarding three other...
Persistent link: https://www.econbiz.de/10003883889
We investigate numerically how indexation of funded pensions for inflation can be differentiated across the various groups of fund participants. The pension arrangement is modelled after the Dutch situation. While the aggregate welfare consequences are small, group-specific consequences are more...
Persistent link: https://www.econbiz.de/10008808238
Persistent link: https://www.econbiz.de/10003496853
This paper explores the introduction of collective risk-sharing elements in defined contri-bution pension contracts. We consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate welfare, as measured by equiva- lent variations....
Persistent link: https://www.econbiz.de/10009377796