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Fiscal Policy and Educational Attainment in the United States : A Generational Accounting Perspective
Chojnicki, Xavier; Docquier, Frédéric - 2004
In this paper, we investigate the consequences of the rise in educational attainment on the US generational accounts. We build on the 1995 accounts of Gokhale et al. (1999) and disaggregate them per schooling level. We show that low skill newborns are characterized by a negative generational...
Persistent link: https://www.econbiz.de/10010261806
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Pension taxes versus early retirement rights
Orszag, Jonathan Michael; Snower, Dennis J. - 2002
This paper deals with two policy approaches to address the problem of the ?pensions time bomb? by influencing private-sector pension provision. In assessing the role of private-sector pensions, it is common to concentrate exclusively on the issue of whether early retirement penalties or late...
Persistent link: https://www.econbiz.de/10010265545
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The pension transfer program
Orszag, Jonathan Michael; Snower, Dennis J. - 2002
The paper examines the following pension reform strategy that aims to defuse the pension time-bomb without giving rise to intergenerational conflict. Let people with rights to public pensions have the option of using a portion of their potential pensions to provide employment vouchers for...
Persistent link: https://www.econbiz.de/10010265553
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Partisan impacts on the economy: evidence from prediction markets and close elections
Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - 2006
Political economists interested in discerning the effects of election outcomes on the economy have been hampered by the problem that economic outcomes also influence elections. We sidestep these problems by analyzing movements in economic indicators caused by clearly exogenous changes in...
Persistent link: https://www.econbiz.de/10010267661
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Can Stimulus Checks Boost an Economy under COVID-19? Evidence from South Korea
Kim, Moon Jung; Lee, Soohyung - 2020
Various countries have implemented transfer programs to individuals since the Covid-19 outbreaks. However, the extent to which such transfers alleviate economic recessions is unclear. This paper analyzes a South Korean program, which provided vouchers redeemable only at small local businesses....
Persistent link: https://www.econbiz.de/10012270245
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Consumption Response to Seoul's COVID-19 Shopping Coupons: Evidence from Consumer Data
Woo, Seokjin; Aum, Sangmin; Kim, Dohyung; Moon, Heyjin; … - 2021
This study measures the extent to which Seoul's COVID-19 shopping coupon program affects individuals' consumption. Unlike other COVID-19-related transfer programs, the Seoul Metropolitan government provides consumption coupons depending on income. We quantify the causal effect of Seoul's program...
Persistent link: https://www.econbiz.de/10012658241
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A challenge for the G20: Globally stipulated debt brakes and transnational independent fiscal supervisory councils
Dolls, Mathias; Peichl, Andreas; Zimmermann, Klaus F. - 2011
Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined … this background, we call for a global debt brake following the German example and discuss the political progress achieved … at the most recent Euro and G20 summits. The agreement on the debt brake should be binding and hence be fixed in national …
Persistent link: https://www.econbiz.de/10010282446
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Pension Taxes versus Early Retirement Rights
Orszag, Mike; Snower, Dennis - Institute for the Study of Labor (IZA) - 2002
This paper deals with two policy approaches to address the problem of the "pensions time bomb" by influencing private-sector pension provision. In assessing the role of private-sector pensions, it is common to concentrate exclusively on the issue of whether early retirement penalties or late...
Persistent link: https://www.econbiz.de/10005233847
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Partisan Impacts on the Economy: Evidence from Prediction Markets and Close Elections
Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - Institute for the Study of Labor (IZA) - 2006
Political economists interested in discerning the effects of election outcomes on the economy have been hampered by the problem that economic outcomes also influence elections. We sidestep these problems by analyzing movements in economic indicators caused by clearly exogenous changes in...
Persistent link: https://www.econbiz.de/10005703211
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Fiscal Policy and Educational Attainment in the United States - A Generational Accounting Perspective
Chojnicki, Xavier; Docquier, Frédéric - Institute for the Study of Labor (IZA) - 2004
In this paper, we investigate the consequences of the rise in educational attainment on the US generational accounts. We build on the 1995 accounts of Gokhale et al. (1999) and disaggregate them per schooling level. We show that low skill newborns are characterized by a negative generational...
Persistent link: https://www.econbiz.de/10005763837