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Ndc : The Generic Old-Age Pension Scheme
Góra, Marek - 2019
This chapter defines a universal public pension scheme (UPPS) as a government-mandated lifecycle longevity insurance scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses the differences in four UPPS designs defined with regard...
Persistent link: https://www.econbiz.de/10012870259
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Progressing Towards Efficiency : The Role for Labor Tax Progression in Reforming Social Security
Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2022
We study interactions between progressive labor taxation and social security reform. Increasing longevity puts fiscal strain that necessitates the social security reform. The current social security is redistributive, thus providing (at least partial) insurance against idiosyncratic income...
Persistent link: https://www.econbiz.de/10014083839
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Efficiency Versus Insurance : Capital Income Taxation and Privatizing Social Security
Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2022
We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...
Persistent link: https://www.econbiz.de/10014084040
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Population Ageing and PAYG Pensions in the OLG Model
Cipriani, Giam - 2013
This paper shows the effects on a pay-as-you-go pension system of the demographic change in the standard overlapping generations model. Firstly, we consider a setting with exogenous fertility and then a model with endogenous fertility. In both cases, population ageing due to increased longevity...
Persistent link: https://www.econbiz.de/10013087869
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Aging, Retirement and Pay-as-You-Go Pensions
Cipriani, Giam - 2016
In this paper we consider the effects of population aging on a pay-as-you-go financed defined contributions pension scheme. We show that when retirement decisions are endogenous, aging increases the retirement age and the steady state level of capital. The effect on pension payouts is in general...
Persistent link: https://www.econbiz.de/10012989833
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Pension Policies in a Model with Endogenous Fertility
Cipriani, Giam - 2018
We set up an overlapping generations model with endogenous fertility to study pensions policies in an ageing economy. We show that an increasing life expectancy may not be detrimental for the economy or the pension system itself. On the other hand, conventional policy measures, such as...
Persistent link: https://www.econbiz.de/10012919500
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Innovation, Employment and Skills inAdvanced and Developing Countries:A Survey of the Literature
Vivarelli, Marco - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012
This paper critically discusses the theoretical and empirical literature on the quantitative andqualitative employment impact of technological change, compares the relative explanatorypower of the competing theories, and explains in detail the macro and micro evidence on theissue, with reference...
Persistent link: https://www.econbiz.de/10009486874
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Technology and the Demand for Skill : An Analysis of Within and Between Firm Differences
Abowd, John M.; Haltiwanger, John; Lane, Julia; … - 2021
We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated … unobservable components within each business for each year from 1992 to 1997. We measure technology using variables from the Annual … between advanced technology and skill in a cross-sectional analysis of businesses in both sectors. The more comprehensive …
Persistent link: https://www.econbiz.de/10013317198
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Manufacturing Employment and Exchange Rates in the Portuguese Economy : The Role of Openness, Technology and Labour Market Rigidity
Alexandre, Fernando - 2010
In this paper, we explore empirically the role of openness, technology and labour market rigidity in the determination … and that the labour market in high technology sectors is more flexible than in low technology sectors. We use this index … that employment in low-technology sectors, with a high degree of trade openness and facing less rigidity in the labour …
Persistent link: https://www.econbiz.de/10013136773
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Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … different realizations of firm specific technology shocks, possible leading to default by some firms. The paper advances a new … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined …
Persistent link: https://www.econbiz.de/10013119292