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Effects of Employment Protection on Worker and Job Flows : Evidence from the 1990 Italian Reform
Kugler, Adriana D. - 2019
This paper uses the Italian Social Security employer-employee panel to study the effects of the Italian reform of 1990 on worker and job flows. We exploit the fact that this reform increased unjust dismissal costs for firms below 15 employees, while leaving dismissal costs unchanged for bigger...
Persistent link: https://www.econbiz.de/10012903630
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More gray, more volatile? : aging and (optimal) monetary policy
Baksa, Daniel; Munkacsi, Zsuzsa - 2019
The evidence on the inflation impact of aging is mixed, and there is no evidence regarding the volatility of inflation …. Based on advanced economies' data and a DSGE-OLG model, we find that aging leads to downward pressure on inflation and … higher inflation volatility. Our paper is also the first, using this framework, to discuss how aging affects the transmission …
Persistent link: https://www.econbiz.de/10012103744
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On financing retirement, health, and long-term care in Japan
McGrattan, Ellen R.; Miyachi, Kazuaki; Peralta-Alva, Adrian - 2018
of Japan. We find that financing the costs of aging through gradual increases in the consumption tax rate delivers a …
Persistent link: https://www.econbiz.de/10011978385
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Demographics, pension systems and the saving-investment balance
Chai, Hua; Kim, Jun-il - 2018
This paper studies the effect of demographic change on national saving, global interest rates, and international 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...
Persistent link: https://www.econbiz.de/10011978553
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Entitlement Reforms in Europe : Policy Mixes in the Current Pension Reform Process
Börsch-Supan, Axel H. - 2013
, in particular of public pensions. Current costs are high, and the pressures will increase due to population aging and …
Persistent link: https://www.econbiz.de/10013085008
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The Effect of Subjective Survival Probabilities on Retirement and Wealth in the United States
Bloom, David E. - 2010
We explore the proposition that expected longevity affects retirement decisions and accumulated wealth using micro data drawn from the Health and Retirement Study for the United States. We use data on a person's subjective probability of survival to age 75 as a proxy for their prospective...
Persistent link: https://www.econbiz.de/10012760540
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Health, Financial Incentives, and Early Retirement : Micro-Simulation Evidence for Germany
Juerges, Hendrik - 2014
About 20% of German workers retire on disability pensions. Disability pensions provide fairly generous benefits for those who are not already age-eligible for an old-age pension and who are deemed unable to work for health reasons. In this paper, we use two sets of individual survey data to...
Persistent link: https://www.econbiz.de/10013059094
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Chronicle of a decline foretold : has China reached the Lewis Turning Point?
Das, Mitali; N'Diaye, Papa M'B. P. - 2013
China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape. Within a few years the working age population will reach a historical peak, and then begin a precipitous decline. This fact, along with anecdotes of rapidly rising migrant wages...
Persistent link: https://www.econbiz.de/10009706770
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Chronicle of a Decline Foretold : Has China Reached the Lewis Turning Point?
Das, Mitali - 2013
China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape. Within a few years the working age population will reach a historical peak, and then begin a precipitous decline. This fact, along with anecdotes of rapidly rising migrant wages...
Persistent link: https://www.econbiz.de/10014395426
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Health Capacity to Work at Older Ages in France
Blanchet, Didier - 2016
France stands out as a country with a low labor force attachment of older workers. A reversal in the trend of French labor participation rates over 50 is under way, partly due to the pension reforms that took place since 1993. The French ageing process is driven by large gains in life expectancy...
Persistent link: https://www.econbiz.de/10012997903