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The impact of rapid aging and pension reform on savings and the labor supply : the case of China
He, Hui; Ning, Lei; Zhu, Dongming - 2019
We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has...
Persistent link: https://www.econbiz.de/10012009609
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Reforming the Greek pension system
Kangur, Alvar; Kalavrezou, Niki; Kim, Daehaeng - 2021
The Greek pension system has been costly, complex, and distortive, which has contributed to Greece's fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to...
Persistent link: https://www.econbiz.de/10012605604
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A tradeoff between the output and current account effects of pension reform
Catalán, Mario; Magud, Nicolas - 2012
We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the...
Persistent link: https://www.econbiz.de/10012671560
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Tax, Welfare, and Pension Reforms in Slovenia : Implications for Work Incentives and Labor Participation
Egoumé-Bossogo, Philippe - 2006
The labor participation rate in Slovenia has been lower than in the EU-15 (the members states prior to May 2004), particularly for the low-income and older individuals. Using simulations of tax and social benefits and public pensions, the paper shows how the current tax, welfare, and pension...
Persistent link: https://www.econbiz.de/10014400152
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Unemployment Persistence and Capital Shortage : The Case of Trinidad and tobago
Braumann, Benedikt - 1997
This paper examines the link between capital stock and unemployment persistence. An overlapping-generations model with … endogenous labor supply and imperfect competition is presented. It is used to interpret the unusual persistence of unemployment …, unemployment continues to be very high. The paper argues that an important part of the explanation lies in the decline of capital …
Persistent link: https://www.econbiz.de/10014400752
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What Determines the Reservation Wages of Unemployed Workers? : New Evidence From German Micro Data
Prasad, Eswar - 2003
macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual …-specific determinants, such as human capital proxies and length of unemployment spell. The longitudinal dataset provides an interesting … unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the …
Persistent link: https://www.econbiz.de/10014403637
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Mask mandates save lives
Hansen, Niels-Jakob Harbo; Mano, Rui - 2021
We quantify the effect of mask mandates in the United States. Our regression discontinuity design exploits county-level variation in COVID-19 cases, hospital admissions, and deaths across the border between states with and without mandates. We find a significant and substantial effect-mask...
Persistent link: https://www.econbiz.de/10012605500
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How to gain the most from structural conditionality of IMF-supported programs
Andritzky, Jochen; Munkacsi, Zsuzsa; Wang, Ke - 2021
Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing from the IMF. Taking stock of program conditions and their implementation, this paper finds that conditionality focuses on fiscal, monetary and financial issues-areas where IMF...
Persistent link: https://www.econbiz.de/10012613388
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Self-employment and support for the Dutch pension reform
Karpowicz, Izabela - 2019
The Netherlands' pension system is characterized by high participation rates, adequate retirement income, strong capitalization and sustainability. Pressure points are arising, however, due to population aging and untransparent intergenerational transfers inherent in the system. Moreover, the...
Persistent link: https://www.econbiz.de/10012009949
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Gendered taxes : the interaction of tax policy with gender equality
Coelho, Maria; Davis, Aieshwarya; Klemm, Alexander; … - 2022
This paper provides an overview of the relation between tax policy and gender equality, covering labor, capital and wealth, as well as consumption taxes. It considers implicit and explicit gender biases and corrective taxation. On labor taxes, we discuss the well-established findings on female...
Persistent link: https://www.econbiz.de/10013170280