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Generational accounting, solidarity and pension losses

Teulings, Coen N.; de Vries, Casper G. - 2003

The creeping stock market collapse eroded the wealth of funded pension systems. This led to political tensions between generations due to the fuzzy definition of property rights on the pension funds wealth. We argue that this problem can best be resolved by the introduction of generational...

Persistent link: https://www.econbiz.de/10010261654

Insurance versus savings for the poor: Why one should offer either both or none

Landmann, Andreas; Vollan, Björn; Frölich, Markus - 2012

and a secret saving device on solidarity in risk-sharing groups among rural villagers in the Philippines. Risk is … simulated by a lottery. Risk-sharing is possible in solidarity groups of three and insurance is introduced via less risky … also test for the persistence of this crowding-out of solidarity. We find evidence for a reduction of solidarity by …

Persistent link: https://www.econbiz.de/10010282235

Risky Choices and Solidarity: Why Experimental Design Matters

Wunsch, Conny; Strobl, Renate - 2018

Negative income shocks can either be the consequence of risky choices or random events. A growing literature analyzes the role of responsibility for neediness for informal financial support of individuals facing negative income shocks based on randomized experiments. In this paper, we show that...

Persistent link: https://www.econbiz.de/10011931606

Crowding-Out or Crowding-In? Heterogeneous Effects of Insurance on Solidarity

Landmann, Andreas; Vollan, Björn; Henning, Karla; … - 2020

We analyze whether the availability of formal insurance products affects informal solidarity transfers in two … minimizes strategic concerns. The introduction of an insurance treatment alters solidarity in both experiments. We find crowding …

Persistent link: https://www.econbiz.de/10012322487

Does Voluntary Risk Taking Affect Solidarity? Experimental Evidence from Kenya

Strobl, Renate; Wunsch, Conny - 2017

In this study we experimentally investigate whether solidarity, which is a crucial base for informal insurance … subjects. The reduction of solidarity is driven by a change in giving behaviour of persons with the risky project. Compared to … to show solidarity is influenced by both the desire for own compensation and attributions of responsibility. Our findings …

Persistent link: https://www.econbiz.de/10011744618

Social distance and trust: Experimental evidence from a slum in Cairo

Binzel, Christine; Fehr, Dietmar - 2013

While strong social ties help individuals cope with missing institutions, trade is essentially limited to those who are part of the social network. We examine what makes the decision to trust a stranger different from the decision to trust a member of a given social network (a friend), by...

Persistent link: https://www.econbiz.de/10010291408

Integration, Agglomeration and Welfare

Pflüger, Michael; Südekum, Jens - 2004

This paper studies the social desirability of agglomeration and the efficiency arguments for policy intervention in a simple, analytically solvable ?new economic geography? model with two trade integrating regions. The location pattern emerging as market equilibrium is ?bubbleshaped?, i.e. it...

Persistent link: https://www.econbiz.de/10010262068

Why Funding is not a Solution to the "Social Security Crisis"

Breyer, Friedrich - 2001

It is now a commonplace that the unfunded public pension systems of many OECD countries will run into severe financing problems in the coming decades due to a dramatically increasing pensioner/worker ratio. While this diagnosis is completely undisputed, there is still a vigorous debate on the...

Persistent link: https://www.econbiz.de/10010262534

Innovation and employment: a survey

Vivarelli, Marco - 2007

According to the compensation theory, market forces should assure a complete compensation of the initial labour-saving impact of process innovations. In this paper a critique of this approach is proposed through a detailed survey of the theoretical and empirical literature on the subject. The...

Persistent link: https://www.econbiz.de/10010267790

Calibration and IV estimation of a wage outcome equation in a dynamic environment

Belzil, Christian; Hansen, Jörgen - 2008

We consider an artificial population of forward looking heterogeneous agents making decisions between schooling, employment, employment with training and household production, according to a behavioral model calibrated to a large set of stylized facts. Some of these agents are subject to policy...

Persistent link: https://www.econbiz.de/10010268703