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social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … and savings decisions of singles and married couples. Partial insurance against wage and employment shocks is provided by … Social Assistance, which provides a permanent universal household income floor, with a minor role for temporary earnings …
Persistent link: https://www.econbiz.de/10010510507
Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...
Persistent link: https://www.econbiz.de/10003666470
Aging populations in developing countries have spurred the introduction of public pension programs to preserve the standard of living for the elderly. The often-overlooked mechanism of intergenerational transfers, however, can dampen these intended policy effects, as adult children who make...
Persistent link: https://www.econbiz.de/10012062263
central problems in public finance, including the optimal structure of health insurance and optimal life cycle savings. In …
Persistent link: https://www.econbiz.de/10003793984
This paper provides estimates for the Mercosur countries of the Frisch elasticity - i.e., the elasticity of substitution between worked hours and real wages holding constant the marginal utility of wealth. We find a strong heterogeneity, with estimated elasticities ranging from 12.8 in Argentina...
Persistent link: https://www.econbiz.de/10009422476
. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that … life cycle consumption behaviour are resolved. Secondly, we stress the importance of the heterogeneity of household …
Persistent link: https://www.econbiz.de/10011401086
Pension systems have recently been under scrutiny because of the expected population ageing threatening its sustainability. This paper's contribution to the debate is from a political economic perspective as it uses data from a choice experiment to investigate individual preferences for an...
Persistent link: https://www.econbiz.de/10003903202
Concerns over the adequacy of low and middle-income earner contributions to retirement plans have led governments to introduce targeted matching schemes. In this study, we examine the effects of a simple and generous Australian scheme using administrative tax-filer data, exploiting longitudinal...
Persistent link: https://www.econbiz.de/10012373119
Persistent link: https://www.econbiz.de/10001937662
that allow us to rationalise both the observed matches and the within-household allocations of time and money. …
Persistent link: https://www.econbiz.de/10012609236