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Work Absence in Europe
Bonato, Leo - 2006
Work absence is an important part of the individual decision on actual working hours. This paper focuses on sickness absence in Europe and develops a stylized model where absence is part of the labor-leisure decision made by workers and the production decision made by profit-maximizing firms,...
Persistent link: https://www.econbiz.de/10012783092
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Reform Options for Mature Defined Benefit Pension Plans : The Case of the Netherlands
Gérard, Marc - 2019
The Netherlands has been operating fully funded, defined benefit second pillar pension schemes that have consistently …-term sustainability of the Dutch pension funds has been undermined in recent years by protracted low interest rates and unfavorable … implemented in peer countries, to discuss the main policy trade-offs associated with the reform of mature pension systems in …
Persistent link: https://www.econbiz.de/10012892920
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Swing Pricing and Fragility in Open-End Mutual Funds
Jin, Dunhong - 2019
How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds' net asset values to pass on funds' trading costs to transacting shareholders. Using...
Persistent link: https://www.econbiz.de/10012858393
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Risks and Vulnerabilities in the U.S. Bond Mutual Fund Industry
Bouveret, Antoine; Yu, Jie - 2022
This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of analyses to identify which fund categories are more vulnerable to distress than others, and how sales from funds can impact financial stability. We develop a new measure to identify...
Persistent link: https://www.econbiz.de/10013305666
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Demographics, Pension Systems and the Saving-Investment Balance
Chai, Hua - 2019
capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations … model to illustrate the channels through which demographic variables and pension system generosity interact to affect both … demographic change and pension reform. We find that the generosity of the pension system plays an important role in determining …
Persistent link: https://www.econbiz.de/10012895118
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Distributional Consequences of Fiscal Consolidation and the Role of Fiscal Policy : What Do the Data Say?
Woo, Jaejoon - 2013
The 2007-09 Great Recession has led to an unprecedented increase in public debt in many countries, triggering substantial fiscal adjustments. What are the distributional consequences of fiscal austerity measures? This is an important policy question. This paper analyzes the effects of fiscal...
Persistent link: https://www.econbiz.de/10013074693
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Mortality and Lifetime Income : Evidence from U.S. Social Security Records
Duggan, James - 2008
Studies of the empirical relationship between income and mortality often rely on data aggregated by geographic areas and broad population groups and do not distinguish disabled and nondisabled persons. We investigate the relationship between individual mortality and lifetime income with a large...
Persistent link: https://www.econbiz.de/10012773661
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The Magnitude and Distribution of Fuel Subsidies : Evidence from Bolivia, Ghana, Jordan, Mali, and Sri Lanka
Coady, David P. - 2006
With the recent jump in world oil prices, the issue of petroleum product pricing has become increasingly important in developing countries. Reflecting a reluctance of many governments to pass these price increases onto energy users, energy price subsidies are absorbing an increasing share of...
Persistent link: https://www.econbiz.de/10012779102
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Tax, Welfare, and Pension Reforms in Slovenia : Implications for Work Incentives and Labor Participation
Egoumé-Bossogo, Philippe - 2010
shows how the current tax, welfare, and pension systems create disincentives to work among these groups. The paper finds …
Persistent link: https://www.econbiz.de/10012760460
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Income Inequality and Government Transfers in Mexico
Lambert, Frederic - 2019
We analyze microdata from Mexico's survey on household income and expenditures (ENIGH) to study the evolution of income inequality in Mexico over 2004-16, identify its sources, and investigate how it was affected by government social policy. We find evidence of only a small decline in inequality...
Persistent link: https://www.econbiz.de/10012865117