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market reform. While there is no shortage of reform proposals to address population aging, most of those focused on pension … and labor market reform, little is known about behavioral reactions to such reforms. This paper therefore sheds light on … the potential benefits of pension and labor market reform for growth and living standards, taking into account behavioral …
Persistent link: https://www.econbiz.de/10013147613
This paper deals with the reform to labor market regulation implemented by Chile during the last twenty years. We … concentrate on the reform to job security, on the decentralization of the wage bargaining process, and on the reduction in payroll …' to U.S' levels. We argue that the reduction of payroll taxes (within the context of the social security reform), and the …
Persistent link: https://www.econbiz.de/10013226914
We investigate the regulation of labor markets through employment laws, collective bargaining laws, and social security laws in 85 countries. We find that richer countries regulate labor less than poorer countries do, although they have more generous social security systems. The political power...
Persistent link: https://www.econbiz.de/10013244876
We analyze the way in which social security privatization reform affects labor market outcomes. We develop a model of … side by side. According to our model, a social security reform that reduces the implicit tax on labor in the formal sector …
Persistent link: https://www.econbiz.de/10013227027
hybrid plan. Slightly more than half of those who made an active choice elected the hybrid plan. Post-reform, employees who …, compared to new hires who actively selected a plan. We also find that employees hired following the reform were more likely to …
Persistent link: https://www.econbiz.de/10013019112
The length of time from the implementation of an occupational licensing statute (i.e., licensing duration) may matter in influencing labor market outcomes. Adding to or raising the entry barriers are likely easier once an occupation is established and has gained influence in a political...
Persistent link: https://www.econbiz.de/10012979775
This paper employs MIMIC, an applied general equilibrium model of the Dutch economy, to explore various tax cuts aimed at combating unemployment and raising labor supply. MIMIC combines modern labor-market theories, a firm empirical foundation detailed description of Dutch labor-market...
Persistent link: https://www.econbiz.de/10013233002
Public pension funding has recently become a front-burner policy issue in the wake of the financial crisis and given the pending retirement of large numbers of baby boomers. This paper examines the current funding of state and local pensions using a sample of 126 plans, estimating an aggregate...
Persistent link: https://www.econbiz.de/10013137305
This paper seeks to explain the key two stylized facts of fundamental reforms to social security systems worldwide: Why have so many countries reformed when traditional systems seem, at first glance, to have a higher probability of delivering a secure retirement income? Why have these reforms...
Persistent link: https://www.econbiz.de/10013068090
This paper examines some positive and normative aspects of the inflation indexation of public and private pensions. The analysis showsthat alternative indexing arrangements may have far less impact on actual patterns of risk bearing than is usually thought to be the case. In so far as inflation...
Persistent link: https://www.econbiz.de/10012774833