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In this paper I analyse a labour market where the wage is endogenously determined according to an Efficient Bargaining process between a firm and a labour union whose members are partitioned into two social groups: the old and the young. Furthermore, I exploit the Single-Mindedness theory, which...
Persistent link: https://www.econbiz.de/10005789327
The demographic database of Eurostat and of Us Census of Bureau are explored and the main facts are extracted and described. This paper is completely self-standing but is also part of a more general analysis dedicated to the functioning and sustainability of pay-as-you-go to finance the welfare...
Persistent link: https://www.econbiz.de/10011110362
The circular interplay between demography-employment-productivity-PayGo is investigated for Europe and Us. Looking … standing but, at the same time, it is part of the wider project "Present and Future of PayGo in Italy, Europe and Us". It …
Persistent link: https://www.econbiz.de/10011112836
to have low savings relative to investment, which depresses their capital outflows. This paper puts life-cycle theory to … these two regions. Youth rates depressed domestic savings significantly in both the MENA and GISP regions, while ageing as … well as population growth had a positive impact in the GISP region. Also, domestic savings significantly caused …
Persistent link: https://www.econbiz.de/10011114397
Self-esteem measures confidence in one’s abilities. Prior literature has shown that higher self-esteem can also affect individual financial decision making through an increased willingness to invest in risky assets and motivation to enhance self image through wealth accumulation. However,...
Persistent link: https://www.econbiz.de/10008694154
, savings and stock market participation are interconnected decisions. However, to the best of our knowledge, a theoretical …
Persistent link: https://www.econbiz.de/10011113360
Abstract German (English abstract is added below) Arbeitslosigkeit gilt als eines der schwerwiegendsten gesellschaftlichen Probleme unserer Zeit. Doch welche Gründe liegen, trotz der über die Jahre eingeleiteten Maßnahmen zur Bekämpfung der Arbeitslosigkeit, für die anhaltende...
Persistent link: https://www.econbiz.de/10008622251
created in purpose to investigate the effects of population ageing on the sustainability of public finances across Europe …, Europe and Us". All chapters will be collected in a book by Nicola C. Salerno. …
Persistent link: https://www.econbiz.de/10011112866
DURING THE PAST half century, retirement income security in the United States has been based on a combination of social security, employer sponsored pensions, and households’ own saving. Social security was intended to provide a retirement income base. Pensions generated additional retirement...
Persistent link: https://www.econbiz.de/10011109851
two decades. The demographic transition – to fewer babies and longer lives – took a century in Europe and North America … relatively low. Secondly, withdrawal of savings before retirement is very common. Thirdly, pension savings are often taken as … repeating many of the mistakes made in Europe and North America. But it will soon be too late. …
Persistent link: https://www.econbiz.de/10009422100