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Pension taxes versus early retirement rights

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

This paper deals with two policy approaches to address the problem of the "pensions time bomb" by influencing private-sector pension provision. In assessing the role of private-sector pensions, it is common to concentrate exclusively on the issue of whether early retirement penalties or late...

Persistent link: https://www.econbiz.de/10011412356

The pension transfer program

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

The paper examines the following pension reform strategy that aims to defuse the pension time-bomb without giving rise to intergenerational conflict. Let people with rights to public pensions have the option of using a portion of their potential pensions to provide employment vouchers for...

Persistent link: https://www.econbiz.de/10011412372

A challenge for the G20 : globally stipulated debt brakes and transnational independent fiscal supervisory councils

Dolls, Mathias; Peichl, Andreas; Zimmermann, Klaus F. - 2011

Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined … this background, we call for a global debt brake following the German example and discuss the political progress achieved … at the most recent Euro and G20 summits. The agreement on the debt brake should be binding and hence be fixed in national …

Persistent link: https://www.econbiz.de/10009522510

Partisan impacts on the economy : evidence from prediction markets and close elections

Snowberg, Erik (contributor); Wolfers, Justin (contributor); … - 2006

Political economists interested in discerning the effects of election outcomes on the economy have been hampered by the problem that economic outcomes also influence elections. We sidestep these problems by analyzing movements in economic indicators caused by clearly exogenous changes in...

Persistent link: https://www.econbiz.de/10003289884

Can stimulus checks boost an economy under COVID-19? : evidence from South Korea

Kim, Moon Jung; Lee, Soohyung - 2020

Various countries have implemented transfer programs to individuals since the Covid-19 outbreaks. However, the extent to which such transfers alleviate economic recessions is unclear. This paper analyzes a South Korean program, which provided vouchers redeemable only at small local businesses....

Persistent link: https://www.econbiz.de/10012259485

Consumption response to Seoul's COVID-19 shopping coupons: evidence from consumer data

Woo, Seokjin; Aum, Sangmin; Kim, Dohyung; Moon, Heyjin; … - 2021

This study measures the extent to which Seoul's COVID-19 shopping coupon program affects individuals' consumption. Unlike other COVID-19-related transfer programs, the Seoul Metropolitan government provides consumption coupons depending on income. We quantify the causal effect of Seoul's program...

Persistent link: https://www.econbiz.de/10012607254

Reported MPC in the presence of debt

Sala, Hector; Trivín, Pedro - 2021

We use information from the last wave of the Spanish Survey of Households Finance to study the influence of debt on the … smaller MPC than non-indebted households. This negative association increases along with the amount of debt. We also find a …

Persistent link: https://www.econbiz.de/10012491604

Targeted business incentives and the debt behavior of households

Di, Wenhua; Millimet, Daniel L. - 2016

households affected by such programs. We analyze the impact of the Texas Enterprise Zone Program on household debt and …

Persistent link: https://www.econbiz.de/10011449546

Displacement and debt : the role of debt in returning to work in the period following the Great Recession

Bednarzik, Robert W.; Kern, Andreas; Hisnanick, John J. - 2017

also related to their level of individual and/ or household debt. In contrast to a growing literature that links financial … higher debt burden are faster in getting a new job. Although it is difficult to make a cause and effect connection, our … debt of dislocated workers to move back into employment perhaps by accepting lower wages builds a faster economic recovery …

Persistent link: https://www.econbiz.de/10011647674

Measuring the spatial misallocation of labor : the returns to India-Gulf guest work in a natural experiment

Clemens, Michael A. - 2019

information, debt, and later migration were incompatible with systematic fraud. …

Persistent link: https://www.econbiz.de/10011974366