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This paper studies retirement and child support policies in a small, open, overlapping-generations economy with PAYG social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement choices necessarily coincide with socially optimal...
Persistent link: https://www.econbiz.de/10012405524
Persistent link: https://www.econbiz.de/10014249050
dependency, identifiable by region and demographic. Using a flow analysis (inflow and outflow) of poverty, rather than a stock … analysis, we explain why poverty is more appropriately understood as a dynamic, with the majority of people flowing in and out … of poverty for short durations. Distinguishing between structural and transitory poverty gives rise to a focus on the …
Persistent link: https://www.econbiz.de/10010393848
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...
Persistent link: https://www.econbiz.de/10011339670
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings, mandatory fully-funded occupational pension systems, mandatory social security financed by pay-as-you-go, and old-fashioned hoarding in cash. Here, we call the specific mixture...
Persistent link: https://www.econbiz.de/10012160984
In this paper, we analyse the effects of demographic change on a PAYG pension system, financed with a defined contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three-period overlapping generations model. We focus on both the case of...
Persistent link: https://www.econbiz.de/10011994093
avoid poverty. A new role is emerging for income support: by enabling people to effectively stay home, it can produce … substantial health externalities. We examine this issue using data on human mobility and poverty rates in 729 subnational regions … changes between higher- and lower-poverty regions. Conditional on country-day fixed effects, shelter-in-place orders decrease …
Persistent link: https://www.econbiz.de/10012802221
entitlements between people who were in "standard" and "non-standard" employment prior to joblessness. Results show that, prior to … Korea, job losers with prior standard employment were nearly twice as likely to receive income support as otherwise similar …
Persistent link: https://www.econbiz.de/10013198830
past employment in many countries, while safety net benefits are granted on the basis of need. In a context of volatile and …
Persistent link: https://www.econbiz.de/10013186742
to further alleviate poverty and as a complement to the Social Protection Card (KPS). Drawing upon administrative data …
Persistent link: https://www.econbiz.de/10011760112