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In the last century, state pension systems have been introduced in most countries, and since then their size has been significantly increasing. A broad literature has studied this phenomenon, developing models that explain why pension systems exist and have been continuously expanding. At the...
Persistent link: https://www.econbiz.de/10005622100
international migration. Fertility is endogenized so that immigrants and natives can have different fertility rates. Fertility is an … replacement ratio) is high enough, the growth rate of GDP per worker for an economy with international migration will be higher … than for a closed economy. Regarding migration policies, our numerical results indicate that economic growth rate of GDP …
Persistent link: https://www.econbiz.de/10009004215
The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the GMM (1991) and GMM system...
Persistent link: https://www.econbiz.de/10009650683
Abstract: This paper analyses the economist Antonio de Viti de Marco’s collaboration with the daily press, in relation to his scientific work and in the context of early twentieth century Italy. It brings out De Viti’s proposals for free trade and fiscal policies intended to support the...
Persistent link: https://www.econbiz.de/10011258183
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I will introduce a new expression for the balanced-budget constraint, no longer based on lump- sum transfers as in the traditional literature, but rather on more realistic labour...
Persistent link: https://www.econbiz.de/10005835397
Switzerland was one of the last OECD-countries to introduce a program for old age security – the AHV. For many decades, expenditures both in absolute terms and as a portion of GDP remained low in OECD comparison. In the 1970ies however, expenditures exploded – within 10 years, the...
Persistent link: https://www.econbiz.de/10005108465
In this paper I will introduce a new political economy model, where there exists a competition amongst two political candidates, which aim to set a policy which enables them to win elections, max- imising the probability of winning. I will show that, if taxes neces- sary to repay the debt are...
Persistent link: https://www.econbiz.de/10005616677
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
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
Variations between the diverse pension systems in the member states of the European Union hamper labour market mobility, across country borders but also within the countries of the European Union. From a macroeconomic perspective, and in the light of demographic pressure, this paper argues that...
Persistent link: https://www.econbiz.de/10009322625